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Lavaltrie, Que.-based Devolutions announced Devolutions Ventures on Thursday, backing IT and managed service provider startups with $500,000 CAD to over $3 million USD. The 250-person firm, which hit $70 million CAD in revenue without VC funding, has already made seven investments, acquisitions and sponsorships worth roughly $10 million, including Obkio and Mizo.
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