norwest venture partners

  • Extole Raises $5 Million For Social Media Marketing Tools

    Extole (the startup formerly known as TellAPal), which offers a suite of social media marketing tools under the guise of a “Social Marketing as a Service Platform”, this morning announced it has secured $5 million in Series A funding. The round was led by Trident Capital with participation from Redpoint Ventures and Norwest Venture Partners. Extole says it plans to use the… Read More

  • Peer Lending Site Lending Club Raises $24.5 Million Series C Round

    Peer Lending Site Lending Club Raises $24.5 Million Series C Round

    A big round for a company that originally started out as a Facebook app: peer lending network operator Lending Club has secured a $24.5 million Series C financing round led by Foundation Capital and joined by existing investors including Morgenthaler Ventures, Norwest Venture Partners and Canaan Partners. This brings the total of capital injected into the company to $52.7 million. Read More

  • U.S. Private Equity Firms Raised Less Than $100B In Funds Last Year, Down 68%

    According to just released Dow Jones LP Source figures, U.S. private equity fund-raising closed out its worst year for fundraising since 2003, with 331 funds raising a mere $95.8 billion in 2009. That’s down 68% from the $299.9 billion raised by 508 funds in 2008. Zooming in on the past quarter (Q4 2009), Dow Jones LP Source figures show PE firms raised $20.5 billion in 75 funds, down… Read More