Inova secures $12M in financing
AUSTIN, Texas – Inova Labs, maker of the LifeChoice oxygen concentrator, has completed a $12 million round of financing, according to an article from the Austin Business Journal. The company collected the capital from six investors, according to a recent filing with the U.S. Securities and Exchange Commission. In 2011, Inova Labs raised $3.1 million of a planned $17.5 million Series B round of funding from five investors. In 2010, the company secured a $10 million Series A round of funding from a sole investor, Three Arch Partners, according to the article.