More Edmonton Technology Innovation news: Mitre Media is the recipient of a $8.6 million investment by iNovia Capital. According to the Edmonton Journal story on the investment, the deal was done some months ago. Mitre Media acquires financial media assets to provide online information and advice to wealthy investorsis has announced.
A year ago, INovia Capital was part of a group investing $1.2 million in Edmonton-based Empire Avenue, a social platform centred on social currency.
Mitre Media founder Tom Hendrickson was one of the original employees of Investopedia.com, a very successful Edmonton-based financial information website that, according to the Journal, was sold to Forbes Media in 2007 for an undisclosed sum, then sold by Forbes three years later for $43 million.
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