iNovia invests $8.6 million in Mitre Media

Edmonton-based Mitre Media has raised $8.6-million from a group of investors led by iNovia Capital. The firm — formed in January/12 — will use the proceeds to establish an on-line financial service for high net worth investors financial advisors, and financial decision makers. The company will grow through acquisitions, with two already completed earlier this year — Chicago-based ETFdb.com and New Jersey-based Dividend.com. Founder and CEO Tom Hendrickson was previously an executive and partner in Investopedia.com, which was founded by two Univ of Alberta graduates....