NVP related stories
All articles and analysis
Avere Systems Raises $15 MillionAvere Systems, a Pittsburgh-based provider of demand-driven enterprise storage solutions, has raised $15 million in Series A funding from Menlo Ventures and Norwest Venture Partners.
- Norwest Venture Buys Shriram City Stake
Norwest Venture Partners has acquired an 8.37% stake in Shriram City Union Finance, the consumer finance business of Chennai, India-based Shiram Group, from Indopark Holdings Ltd., a Merrill Lynch subsidiary. The deal was valued at nearly $25 million.
- Borqs Raises $17.6 Million
Borqs Inc., a Beijing-based developer of open-source mobile software for wireless service providers, has raised $17.6 million in Series B funding. Norwest Venture Partners led the round, and was joined by return backers GSR Ventures and Keytone Ventures. The company previously raised around $6 million.
- iPhone Game Publisher Raises $10 Million
Ngmoco, a San Francisco-based publisher of iPhone and iPod touch games, has raised $10 million in Series B funding. Norwest Venture Partners led the round, and was joined by return backers Maples Investments and Kleiner Perkins Caufield & Byers. Ngmoco had previously raised $5.6 million.
- Pontis Raises $19.65 Million
Pontis Ltd., an Israel-based maker of software marketing systems for communication service providers, has raised $19.65 million in new VC funding. Norwest Venture Partners led the round, and was joined by return backers Sequoia Capital, Accel Partners and Evergreen Venture Partners. The company previously raised around $24.2 million.
Benelux banks open for businessSeveral important banks in the Benelux region have been hit hard by the global financial crisis and this has had knock-on effects on private equity. But as valuations fall, there are likely to be opportunities to acquire assets, particularly if credit markets become more liquid.
- Appnomic Raises $4.2 Million
Appnomic Systems, a Bangalore, India-based provider of infrastructure management services, has raised $4.2 million in VC funding from Norwest Venture Partners.
- RiseSmart Raises $3 Million
RiseSmart, a Sunnyvale, Calif.-based provider of job search and outplacement services via the Web, has raised $3 million in Series A funding from Norwest Venture Partners.
- Executive moves, week of Oct. 27, 2008
Hires and personnel changes at TCV, NVP, Highland and other venture capital and private equity firms
- Sohil Chand Joins NVP India
Sohil Chand has joined the Mumbai office of Norwest Venture Partners as a managing director. He previously was an executive director in Goldman Sachs' Asian Special Situations Group.