Adaptive Planning said it raised $22 million with Norwest Venture Partners leading the round and existing investors Cardinal Venture Capital, Clairmont Capital, Monitor Ventures, and ONSET Ventures participating. The cloud-based performance management company will use the money to expand sales, marketing, product development and new markets efforts. PRESS RELEASE Adaptive Planning Secures $22 Million in [...]

Mountain View, Calif.-based Adaptive Planning has named John Herr as its new chief executive. The company, which provides on-demand corporate performance management software, is backed by venture firms ONSET Ventures, Monitor Ventures, Cardinal Venture Capital and Clairmont Capital. Herr was most recently an executive-in-residence at Norwest Venture Partners. Earlier, he was president and CEO at EZ Shield, a technology-enabled services company. He has also worked as vice president and general manager at eBay and PayPal.

Panorama Capital led a $15 million round Series D financing along with Cardinal Venture Capital, Worldview Technology Partners and Highland Capital Partners. The company will use funds to accelerate operations. Zoove operates an exclusive network of mobile phone “StarStar” numbers.

Mobile entertainment provider PlayPhone has launched a $10 Million marketing fund for mobile social game developers. The fund aims to help monetize mobile games launched on PlayPhone’s platform. Based in San Jose, Calif., PlayPhone is backed by venture firms including Menlo Ventures, Cardinal Venture Capital, Coral Group and Scale Venture Partners.