iNovia Capital completes first close of $110 million for its third venture capital fund 
iNovia Capital has raised $110 million for its third fund, iNovia Investment Fund III L.P. (“iNovia III”). iNovia III will build on the current strategy of backing exceptional founders and management teams transforming the Internet, Digital Media and Communications industries. “We have benefited from the support of top institutional and value added individual investors many of them return investors,” said Chris Arsenault, Managing Partner. “In prior funds, these investors have enabled us to invest in some of the more important companies in the sectors we focus on. From this base, we can leverage the network we have built over the years to make impact investments and help grow these companies thereafter wherever they are located.”
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