NVP related stories
All articles and analysis
Norwest Venture Partners makes growth investment in iCardiac TechnologiesNorwest Venture Partners has made an investment in iCardiac Technologies, which provides cardiac safety assessment services. As part of the transaction, two Norwest healthcare investment leaders, Ryan Harris and Robert Mittendorff, will join iCardiac's board of directors.
- Lerer Ventures leads seed round for Casper
Casper said Tuesday that it has secured $1.6 million in seed funding. Lerer Ventures led the round with participation from Norwest Venture Partners, Crosslink Partners, Vaizra Investments and Correlation Ventures. Based in New York City, Casper is a mattress maker.
- Norwest leads $40 mln Series C funding in Shape Security
Norwest Venture Partners has led $40 million in Series C funding in cyber security company Shape Security. Sierra Ventures invested alongside Norwest, joining Kleiner Perkins Caufield & Byers, Venrock, Google Ventures, Google executive chairman Eric Schmidt's TomorrowVentures and Allegis Capital in the Series C round. Shape Security has raised a total of $66 million.
- Norwest, Wing Ventures lead $8 mln Series A round in Apprity
Norwest Venture Partners and Wing Ventures have co-lead an $8 million Series A funding round in Apprity, a stealth cloud security company. Promod Haque, senior managing partner of Norwest, and Gaurav Garg, founding partner of Wing Ventures, will join Apprity's board of directors.
- RiseSmart scores $11 mln
RiseSmart said Thursday that it has raised $11 million in growth equity financing. Accel-KKR led the round with participation from previous backer Norwest Venture Partners. According to the company, the capital infusion will be used for sales and marketing expansion. Also, Greg Williams, managing director of Accel-KKR, will join RiseSmart's board of directors. Headquartered in San Jose, Calif., RiseSmart is a provider of enterprise career management solutions.
- Color them excited, VCs back Madison Reed
Madison Reed, a San Francisco-based maker of a hair-coloring product, has raised $12 million in a Series B round of funding. Norwest Venture Partners led the financing, with previous investors True Ventures and Maveron joining the round. As part of the round, Norwest Managing Partner Jeff Crowe has joined the board. The company has now raised about $16 million in total capital. Madison Reed was co-founded in April 2013 by Amy Errett, a former GP with Maveron and now a special advisor to True Ventures. She told peHUB that the funding will be used to help the 30-employee company expand and move to larger digs in the city.
- Social Capital and NVP back Bluenose Analytics
Bluenose Analytics said Wednesday that it has raised $10 million in funding. The investors were Social+Capital Partnership and Norwest Venture Partners. In conjunction with the funding, Mamoon Hamid and Matthew Howard have been added to Bluenose Analytics' board of directors. Headquartered in San Francisco, Bluenose Analytics is a provider of customer retention solutions.
- EQT Partners expands Benelux team
The firm has hired two investment professionals and relocated a third to strengthen its Benelux team, which will move from London to Amsterdam in 2014.
- Salesforce.com joins Adaptive Planning's $45 mln round
Adaptive Planning said Wednesday that Salesforce.com and other private and corporate investors have joined its latest $45 million funding round. Also, new investor Jeff Epstein, an operating partner at Bessemer Venture Partners, has been named as a senior advisor to the company. Headquartered in Palo Alto, Calif., Adaptive Planning is a provider of cloud-based business and financial analytics solutions for companies and nonprofits. It is backed by Bessemer Venture Partners, Norwest Venture Partners, Royal Bank of Canada, ONSET Ventures, Monitor Ventures and Cardinal Venture Capital.
- Venture-backed M&A activity shows encouraging signs
In the third quarter, venture-backed M&A activity remained soft, with 107 deals reported, compared to 125 for the same period a year ago. Likewise, the first three quarters of 2013 saw just 286 VC-backed deals with disclosed valuations, well off the 362 transactions for the same period in 2012.