Pertino has raised $20 million for its networking technology that small businesses can use to go online and create a network that runs entirely in the cloud. New investor Jafco Ventures led the Series B funding with participation from existing investors, including Norwest Venture Partners and Lightspeed Venture Partners. Pertino raised $8.85 million in a Series A round. → Read More
Gemvara, a Boston-based custom jewelry site we’ve written about in the past, just announced that it has closed a $25 million Series D funding round. This oversubscribed round was led by Norwest Venture Partners and also includes funds from all existing investors, including Highland Capital Partners, Canaan Partners and Balderton Capital. The company says that it plans to use this new influx of… → Read More
SundaySky, a company that has developed technology capable of extracting content from any website and molding it into videos created on-the-fly, has raised $9 million in Series B financing. The round was led by Norwest Venture Partners with follow-on investments from Carmel Ventures and Globespan Capital Partners.
Founded in 2006, SundaySky provides e-businesses with a solution that distributes… → Read More
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 fresh funding mostly… → Read More
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
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 80% from… → Read More
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