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NearbyNow Raises Series C

NearbyNow Inc., a Los Altos, Calif.-based company focused on helping retailers use the Internet to drive shoppers to offline stores, has raised $11.75 million in Series C funding. Norwest Venture Partners led the round, and was joined by return backers Draper Fisher Jurvetson and Draper Richards. The company had previously raised $7.5 million.