JanRain Closes in on New Round

Portland, Oregon-based startup JanRain, which had raised about $20 million to date, is working on a new round, according to a filing the consumer web company submitted with the SEC. The filing states the company is trying to raise nearly $33 million, with much of that capital already committed to the startup by investors. Emergence Capital Partners is one of the backers for JanRain. TechCrunch reported earlier that the company has in fact completed a round for $33 million.