norwest venture partners

  • 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