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Innotas Raises $6 Million In Third Financing Round

Monday, January 14, 2008 6:01:00 AM PDT | VentureDeal Staff

OAKLAND, CA -- Software company Innotas, Inc. has received $6 million in its series C funding round from a syndicate of venture capital firms, according to a report in PE Week Wire.

Innotas provides a Project Portfolio Management application available as an on-demand service.  The company aims its product suite at mid-sized organizations.

Investors in the round included Arrowpath Venture Partners and Velocity Interactive Group (FKA ComVentures).  Proceeds purposes from the funding were not disclosed.

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