324 Views

Adaptive Insights raises $75 mln in late-stage round

Palo Alto, Calif.-base Adaptive Insights announced it has raised $75 million in a Series G round of funding from new investor JMI Equity, along with existing investors Norwest Venture Partners, ONSET Ventures, Bessemer Venture Partners, Cardinal Venture Capital, Monitor Ventures and Information Venture Partners. The company has now raised more than $176 million in total funding, including a $45 million round two years ago.

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IVP, Leonardo DiCaprio, Adam Levine and others back sleep startup Casper

New York City-based mattress maker Casper has raised $55 million in Series B funding. Institutional Venture Partners led the round with participation from other investors that included Leonardo DiCaprio, Tobey Maguire, Adam Levine, Scooter Braun, Pritzker Group Venture Capital, New Enterprise Associates, Lerer Hippeau Ventures and Norwest Venture Partners. In conjunction with the funding, Dennis Phelps of IVP has been named a board observer.

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Personali snags $12 mln Series B

New York City-based Personali, an incentives personalization platform for online retailers, has secured $12 million in Series B funding. Norwest Venture Partners led the round with participation from other investors that included Cedar Fund and Gemini Venture Partners. In addition to the funding, Dror Nahumi, a general partner at Norwest, has been appointed to Personali’s board of directors.

152 Views

Stripes Group leads Series D round for Udemy

San Francisco-based online education marketplace Udemy has secured $65 million in Series D funding. Stripes Group led the round with participation from Norwest Venture Partners and Insight Venture Partners. In conjunction with the funding, Ken Fox, a founder and managing partner of Stripes Group, has been added to Udemy’s board of directors.

Security company ClearDATA raises $25 mln

Phoenix-based ClearDATA, a provider of security services for the healthcare industry, announced it has raised an over-subscribed $25 million Series C round of funding. Investors include Heritage Group, HLM Venture Partners and Flare Capital Partners, along with existing investors Norwest Venture Partners, Merck Global Health Innovation Fund and Excel Venture Management. The company has now raised $42.4 million to date.

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HP acquires NVP-backed ConteXtream

HP has acquired ConteXtream, the former announced today on its site. No financial terms were disclosed. Based in Mountain View, California, ConteXtream is a provider of carrier-SDN solutions. ConteXtream was backed by Norwest Venture Partners. To read the post, visit here.

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Drone platform provider Skyward announces $4.1 mln seed expansion

SkyWard, a Portland, Ore.-based company that has developed a software management system for the dispatching, tracking and logging of commercial drone flights, announced it has raised a $4.1 million round in expansion seed from Draper Associates, Founders Co-Op, Norwest Venture Partners, Techstars Ventures, Verizon Ventures, and Voyager Capital. Voyager prevously led a $1.5 million seed round in July 2014, according to Thomson Reuters. David Famolari of Verizon Ventures and Ari Newman of Techstars Ventures were named observers on Skyward’s board of directors.

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Bessemer leads $30 mln funding of on-demand valet provider ZIRX

ZIRX, a provider of on-demand valet and related car services, said today it has closed its $30 million Series B financing led by Bessemer Venture Partners. Existing investors Norwest Venture Partners and Trinity Ventures also participated in the round. The San Francisco-based company has now raised $36.4 million in total funding, following a $6.4 million Series A round last September. The company has operations in San Francisco, Los Angeles, Seattle and Washington, D.C.

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Norwest Venture Partners buys WineAccess

Norwest Venture Partners has acquired WineAccess Inc. Financial terms weren’t announced. Jim Weinrott, WineAccess’ founder and CEO, will maintain a meaningful stake. WineAccess is a direct-to-consumer wine ecommerce company. Sanjay Chadda, Matthew Kratter and Michael Petsky of Petsky Prunier provided financial advice to WineAccess.

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August Capital leads $17 mln funding of cloud security provider Palerra

Cloud security company Palerra announced it has raised $17 million in Series B funding led by new investor August Capital. Current investors Norwest Venture Partners, Wing Venture Capital and Engineering Capital also participated in the round. Palerra (formerly known as Apprity) emerged from stealth last November and has now raised $25 million in total funding. As part of the Series B funding, Vivek Mehra, general partner at August Capital, has joined the board.

Software developer Apigee Corp files for IPO-Reuters

Apigee Corp, a developer of software to manage Web applications, has filed with U.S. regulators for an initial public offering, looking to take advantage of interest in companies that offer Internet-related services, Reuters reported.

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Norwest leads funding round for Health Catalyst

Health Catalyst, a provider of healthcare data warehousing services, announced it has raised $70 million in new funding, bringing the total amount raised by the Salt Lake City-based company to $170 million. Existing investor Norwest Venture Partners led the latest round, which included other previous investors Sequoia Capital, Kaiser Permanente Ventures, Sorenson Capital, CHV Capital and Partners HealthCare. New investors Sands Capital Ventures, Tenaya Capital, Epic Ventures and Leavitt Equity Partners also participated.

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HoneyBook raises $22 mln led by Norwest

HoneyBook, which provides event planning services for vendors, has raised $22 million in a Series B round of funding led by Norwest Venture Partners. Existing investors Aleph and Hillsven also participated. The San Francisco-based company has now raised $32 million in funding to date.

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Enterprise storage provider Exablox raises $16 mln; Dell joins as strategic investor

Enterprise storage company Exablox has raised a $16 million Series C round of funding. Dell Ventures joins the round as a new investor, along with existing backers DCM Ventures, Norwest Venture Partners and U.S. Venture Partners. Sunnyvale, Calif.-based Exablox, which was founded in 2010 to provide storage services for businesses, has now raised $38.5 million in total funding.

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Dtex Systems pulls in $15 mln Series A

San Jose, California-based Dtex Systems, a provider of insider threat protection solutions, has raised $15 million in Series A funding. Norwest Venture Partners and Wing Ventures led the round. In addition to the funding, Gaurav Garg, a founding partner at Wing Venture Partners, and Promod Haque, a senior managing partner at NVP, has been added to the Dtex board.

154 Views

Employee engagement platform Glint grabs $15.5 mln

Redwood City, California-based Glint, a real-time employee engagement platform, has secured $15.5 million in funding. Norwest Venture Partners and Shasta Ventures led the round. In conjunction with the funding, Jeff Crowe, a managing partner at Norwest Venture Partners and Jason Pressman, a managing director at Shasta Ventures, have joined Glint’s board of directors.

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