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iNovia Capital announces launch of $107 Million second venture capital fund - Mar 27, 2008

Montreal, Canada, March 27, 2008 - iNovia Capital, a manager of seed and early stage venture capital funds, announced today the launch of its second fund, iNovia Investment Fund II L.P. (“iNovia II”), a $107 million Canadian seed and early stage venture capital fund focused on the information technology, life sciences and cleantech sectors.

Montreal, Canada, March 27, 2008 - iNovia Capital, a manager of seed and early stage venture capital funds, announced today the launch of its second fund, iNovia Investment Fund II L.P. (“iNovia II”), a $107 million Canadian seed and early stage venture capital fund focused on the information technology, life sciences and cleantech sectors. iNovia Capital, which recently completed iNovia II’s second closing, obtained the support of important investors from within Canada and abroad including: Consensus Business Group, Caisse de dépôt et placement du Québec, FIER Partners, BDC Capital, AVAC Ltd., Solidarity Fund QFL, Export Development Canada (EDC), Fondaction, McGill University’s Endowment fund, the University of Alberta, Université de Sherbrooke, Bishop’s University Foundation CSN, Gestion Univalor L.P. and Telesystem Ltd., as well as a number of strategic angel investors.

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