Bazaarvoice this morning completed its acquisition of rival PowerReviews in a $168.2 million transaction that creates a powerful social commerce company focused on product reviews. One investor to benefit is Menlo Ventures, which says it logged a 3x return on its investment.
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PowerReviews secured $10 million in financing, bringing its total venture funding to $37 million. The latest round was led by Four Rivers Group, with participation from new investor Woodside Fund and all existing investors, including Menlo Ventures and Tenaya Capital. PowerReviews plans to use the additional funding to extend its product development efforts and expand its sales organization. PowerReviews is a provider of social commerce solutions.
PowerReviews Inc., a San Francisco-based provider of customer reviews and social merchandising solutions for online retailers, has raised $6.1 million in new VC funding. Return backers Menlo Ventures and Tenaya Capital co-led the round. PowerReviews previously raised around $21.3 million from Menlo, Tenaya and Draper Richards. www.powerreviews.com
PowerReviews Inc., a San Francisco-based provider of customer reviews and social merchandising solutions for online retailers, has secured $4.93 million of a $9 million financing round, according to a regulatory filing. The company previously raised around $21.3 million over two funding rounds, from Draper Richards, Menlo Ventures and Tenaya Capital (fka Lehman Brothers Venture Partners). www.powerreviews.com