VC, IT, deals

NAV Closes $115M Third Fund

Ryan McBride 4/17/09

New Atlantic Ventures, a venture firm with offices in Reston, VA, and Cambridge, MA, says it has closed its third fund, NAV III LP, at $115 million, according to a press release published on news website PE Hub. The firm says that it invests in high-growth technology sectors such as wireless, new media, and online services.

Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.