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.


Avere picks up $20 mln Series D

Avere Systems said Thursday that it has raised $20 million in Series D funding. Western Digital Capital led the round with participation from return backers Lightspeed Venture Partners, Menlo Ventures, Norwest Venture Partners and Tenaya Capital. Based in Pittsburgh, Avere is a provider of hybrid cloud solutions.


mBlox snags $43.5 mln

mBlox said Monday that it has secured $43.5 million in funding. The investors included Comerica, Horizon Technology Finance, Norwest Venture Partners, Scale Ventures, Avanti, Trident, Stratem and Saints Capital. Armentum Partners advised mBox on this transaction. Headquartered in Sunnyvale, Calif., mBlox is a provider of A2P text messaging.


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.


VC-backed MobileIron debuts IPO

MobileIron has launched its IPO after pricing its over 11 million shares at $9 per share. The stock began trading Thursday on the NASDAQ under the ticker symbol MOBL. Morgan Stanley and Goldman Sachs are the lead underwriters. Based in Mountain View, Calif., MobileIron is a provider of mobile IT security and management for apps, content and devices. Its backers include Institutional Venture Partners, Foundation Capital, Norwest Venture Partners and Sequoia Capital.

India e-commerce firm FashionAndYou bags $10 mln

FashionAndYou has closed $10 million in funding. The investors were Sequoia Capital, Smile Group, Norwest Venture Partners, Intel Capital and Nokia Growth Partners. Based in India, FashionAndYou is a flash e-commerce site.


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.

True(X) Media grabs $6 mln

According to a company spokesperson, True(X) Media has received an additional $6 million in financing from its previous backers Pinnacle Ventures, Norwest Venture Partners, Jafco Ventures and Redpoint Ventures. In addition to the funding, the firm has named James Murdoch, Mich Mathews and Jon Miller to its board of directors. True(X) Media is an engagement advertising platform.


iRhythm Technologies bags $17 mln

iRhythm Technologies said Thursday that it has raised $17 million in Series E financing. Novo A/S led the round with participation from previous backer Norwest Venture Partners. Headquartered in San Francisco, iRhythm Technologies is a healthcare information services firm.


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.


Online broker Motif Investing nabs $35 mln

Silicon Valley-based online broker Motif Investing has closed $35 million in funding. The investors were JPMorgan Chase, Wicklow Capital, Balderton Capital, Goldman Sachs, Foundation Capital, Ignition Partners and Norwest Venture Partners. In conjunction with the funding, Wicklow Capital and JPMorgan Chase will name board observers.

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.


API company Apigee raises $60 mln from Pine River, Wellington, others

Apigee, which makes software for companies to manage application programming interfaces (APIs), announced this morning that it has raised $60 million from new investors Pine River Capital Management and Wellington Management Co, as well as prior investors. The San Jose, Calif.-based company said it has raised $171 million to date. The valuation for the new round was undisclosed. Just four months ago Apigee raised $20.5 million at a post-money valuation of $414.03 million from Bay Partners, Norwest Venture Partners and Third Point, according to Thomson Reuters (publisher of peHUB). Apigee’s other investors include AccentureBlackRock-managed funds, Focus Ventures and SAP Ventures.

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