NVP related stories
All articles and analysis
Norwest backs Crossover HealthCrossover Health, which provides on-site health care for large employers, announced it has raised $15 million in funding from Norwest Venture Partners. As part of the investment, Norwest Partners Ryan Harris and Casper de Clercq are joining the board.
- VC-backed Palerra hires four
Santa Clara, Calif.-based Palerra, a cloud security automation firm, has made four additions to its staff. The company has hired Sunil Sampat as vice president of sales; Alan Bavosa as vice president of products; Alice Wang as vice president of customer success; and Upa Hazarika as senior director of marketing and strategy. Palerra is backed by Norwest Venture Partners and Wing Venture Partners.
Jacobsohn joins Norwest from EmergenceNorwest Venture Partners announced that it has hired Sean Jacobsohn as principal. Jacobsohn was previously a venture partner at Emergence Capital Partners, which he joined in 2012. At Norwest, he will continue to focus on early and late-stage enterprise companies, including SaaS, healthcare IT, mobile business applications, and B2B marketplaces.
- Norwest Venture Partners backs Kendra Scott jewelry design
Norwest Venture Partners has backed Kendra Scott, a fashion jewelry designer, The investment will enable the business to expand its retail, wholesale and online presence.
- Norwest Venture Partners leads Series B round for Threadflip
Threadflip said Wednesday that it has raised $13 million in Series B funding. Norwest Venture Partners led the round with participation from previous backers Baseline Ventures, First Round Capital and Shasta Ventures. Based in San Francisco, Threadflip is a fashion marketplace for women.
European news briefs for July 2014YFM spinout launches; Dutch FoF delayed; and EU’s digital commissioner says startups must learn to scale
- Norwest Venture Partners invests in CRMnext
Global CRM solutions provider CRMnext said Friday that it has received funding from Norwest Venture Partners. No financial terms were disclosed. Zanskar Advisors advised Acidaes Solutions, the parent company of CRMnext. on the transaction.
- Exabeam raises $10 mln from Norwest, Aspect
Big data security analytics company Exabeam has raised $10 million in a Series A round led by Norwest Venture Partners. Aspect Ventures and individual investor Shlomo Kramer also participated. The San Mateo, Calif.-based company has now raised $13 million in total funding, having previously raised $3 million from Kramer. As part of the Series A funding, Matt Howard of Norwest and Theresia Gouw of Aspect have joined the board.
- Norwest raises $1.2 bln for 12th fund
Norwest Venture Partners, which has enjoyed a number of sizable liquidity events recently, announced it has raised a $1.2 billion fund to make multi-stage investments worldwide. The firm said that it achieved 11 exits in 2013 with a combined market cap of $10 billion. Exits last year include the IPOs of FireEye, RetailMeNot and Cyan. Acquisitions include the $525 million sale in late October of Virtela Technology Services to NTT Communications Corp and the acquisition of 41st Parameter to Experian for $324 million. Palo Alto, Calif.-based Norwest, which also has offices in India and Israel, similarly raised $1.2 billion for its 11th fund, which closed in late 2009.
- VC-backed Adaptive Insights hires new senior advisor
Adaptive Insights has tapped Ron Codd, former CFO of PeopleSoft, as a new investor and senior advisor. Headquartered in Palo Alto, Calif., Adaptive Insights is a provider of cloud-based business and financial analytics solutions for companies and nonprofits of all sizes. Adaptive Insights is backed by Bessemer Venture Partners, Norwest Venture Partners, Royal Bank of Canada, ONSET Ventures, Monitor Ventures and Cardinal Venture Capital.