Norwest backs Crossover Health

Crossover Health, which provides on-site health care for large employers, announced it has raised $15 million in funding from Norwest Venture Partners. As part of the investment, Norwest Partners Ryan Harris and Casper de Clercq are joining the board.


Ravello picks up $28 mln

Ravello Systems Inc, a nested virtualization software firm, has received $28 million in funding. Qualcomm Ventures and SanDisk Ventures led the round with participation from­ Sequoia Capital, Bessemer Venture Partners, Norwest Venture Partners and Vintage Investment Partners.

Elemental Technologies snags $14.5 mln Series D

Elemental Technologies has closed $14.5 million in Series D financing. Telstra led the round with participation from previous backers General Catalyst Partners, Norwest Venture Partners and Voyager Capital. Based in Portland, Oregon, Elemental Technologies is a provider of software-defined video solutions for multiscreen content delivery.


Big data cloud company Qubole raises $13 mln led by Norwest

Norwest Venture Partners has led a $13 million Series B round of funding in Qubole, a provider of a cloud-based big data platform. The Mountain View, Calif.-based company has now raised $20 million in total funding. As part of the latest round, Rama Sekhar, principal at Norwest Venture Partners, has joined the board.


Referral marketing platform Extole snags $14 mln Series C

San Francisco-based referral marketing platform Extole has raised $14 million in Series C funding. Scale Venture Partners led the round with participation from Norwest Venture Partners, Redpoint Ventures, Shasta Ventures and Trident Capital. In conjunction with the funding, Stacey Bishop, a partner at ScaleVP, has been added to Extole’s board of directors.


VC-backed LendingClub sets IPO pricing terms

According to an SEC filing, LendingClub Corp. has priced 57.7 million shares of its IPO at between $10 and $12 a share. The stock will trade on the NYSE under the ticker symbol “LC.” Morgan Stanley, Goldman Sachs, Credit Suisse and Citigroup are the lead underwriters. Based in San Francisco, LendingClub is a peer-to-peer lending marketplace. Its backers include Norwest Venture Partners, Canaan Partners, Foundation Capital, KPCB and Morgenthaler Venture Partners.


VC-backed Palerra hires four

Santa Clara, Calif.-based Palerra, a cloud security automation firm, has made four additions to its staff. The company has hired Sunil Sampat as vice president of sales; Alan Bavosa as vice president of products; Alice Wang as vice president of customer success; and Upa Hazarika as senior director of marketing and strategy. Palerra is backed by Norwest Venture Partners and Wing Venture Partners.


Design marketplace Minted attracts $38 mln

San Francisco-based design marketplace Minted has received $38 million in funding. Norwest Venture Partners led the round with participation from Technology Crossover Ventures. In addition to the funding, the firm has appointed Toby Lenk to its board of directors.


Minted scores fresh funding from Norwest, TCV

Minted, which provides a marketplace for graphic design and content, has raised $38 million in a Series D round of funding. Norwest Venture Partners led the round and was joined by Technology Crossover Ventures. San Francisco-based Minted has now raised more than $90 million in total funding. Previous investors include Benchmark Capital, IDG Ventures, Menlo Ventures, Eventbrite co-founders Kevin and Julia Hartz, Yahoo CEO Marissa Mayer, Reddit CEO Yishan Wong, and Yelp co-founder and CEO Jeremy Stoppelman, among others.

Sean Jacobsohn

Jacobsohn joins Norwest from Emergence

Norwest Venture Partners announced that it has hired Sean Jacobsohn as principal. Jacobsohn was previously a venture partner at Emergence Capital Partners, which he joined in 2012. At Norwest, he will continue to focus on early and late-stage enterprise companies, including SaaS, healthcare IT, mobile business applications, and B2B marketplaces.


Norwest promotes three

Norwest Venture Partners announced Dr. Robert Mittendorff and Sumer Juneja were each promoted from vice president to principal, while Lisa Wu was named vice president.

Sept cov914

LPs warm up to venture: VCJ

Near record distributions are bringing limited partners back to the asset class. As fund commitments jump so do capital flows.

PE HUB Community

Join the 12519 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget