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Infopia closes $3 million in venture funding round

SHARE Infopia closes $3 million in venture funding round

Salt Lake-based Infopia, a provider of e-commerce software, said Tuesday it has closed and received the last portion of a $3 million Series A round of venture capital funding.

The round was led by Trans Pacific Partners and B.C. Select Fund.

Privately held Infopia said it is expected to report profitability later this month and will use the capital to accelerate its already rapid growth. The company has more than doubled its revenue every year since its 1999 inception.