Norwest Venture Partners

WhaleShark Catches $150 Million Round to Invest in Couponing Craze

Tricia Duryee in Commerce on November 9, 2011 at 9:00 pm PT

WhaleShark Media has raised $150 million in venture capital to continue buying up coupon-oriented sites around the globe.

News Byte

Mayfield Adds Tim Chang to the Roster

John Murrell in News on September 6, 2011 at 2:47 pm PT

The official announcement won’t come till the morning, but Tim Chang is the newest managing director at Mayfield Fund, where he’ll focus on the mobile, gaming and digital media sectors, as well as co-lead Mayfield’s investment practice in China. Chang most recently was with Norwest Venture Partners, where he had similar purview.

Game Studios Are Hot Acquisition Targets in the Race to Mobile and Social

Tricia Duryee in Commerce on July 22, 2011 at 10:05 am PT

Following the intense bidding war for PopCap last week, it’s likely that more blockbuster purchases will come. So, who will be next?

Badgeville Awarded $12 Million in Fresh Capital

Tricia Duryee in Commerce on July 13, 2011 at 4:30 am PT

Badgeville, which is building loyalty programs for everything from media companies to e-commerce and enterprises, has raised $12 million in additional capital to ramp up its business.

News Byte

China's Daily Deals Site Lashou Raises $110 Million

Tricia Duryee in Commerce on April 11, 2011 at 2:27 pm PT

Lashou.com, a competitor to Groupon in China that has experienced astronomical growth, has raised a third round of funding totaling $110 million. The round was led by Milestone Capital, with Reinet Fund, Remgro, GSR Ventures, Norwest Venture Partners and Tenaya Capital also participating. The capital will go toward market expansion and to improve customer service. Lashou.com has raised a total of $166 million in venture capital and was considered a potential partner for Groupon. In January, sources said that Lashou’s revenues had an annual run rate of $150 million and that it was on track for a $1 billion valuation.

News Byte

Zynga and Pandora Ad Provider SocialVibe Raises $20M

Liz Gannes in Social on March 22, 2011 at 11:23 am PT

SocialVibe, the performance advertising network that offers users an alternative to paying for virtual goods on Zynga and subscriptions on Pandora, today announced it had raised $20 million in a Series D round led by Norwest Venture Partners and including previous investors Redpoint Ventures, Jafco Ventures and Pinnacle Ventures. The Los Angeles-based company also operates its own social apps for individuals to spread branded content in order to raise money for various causes.

Groupon May Invest in Chinese Competitor at Billion-Dollar Valuation

Tricia Duryee in Commerce on January 28, 2011 at 10:00 am PT

Groupon, which is still trying to figure out how to break into China, is close to investing in one of the largest group-buying sites there, we have learned.

Norwest: Starting to Put $1.2 Billion to Work

Pui-Wing Tam, Reporter, The Wall Street Journal in News on March 10, 2010 at 5:19 am PT

Norwest Venture Partners late last year closed a huge new venture-capital fund of $1.2 billion, nearly double the size of the Silicon Valley venture firm’s last fund in 2006 that was $650 million. Now NVP is starting to put a chunk of that money to work.

Start-Up Shakeout Unlike Dot-Com Bust

Pui-Wing Tam, Reporter, The Wall Street Journal in News on December 2, 2009 at 4:08 pm PT

How harsh has Silicon Valley’s start-up shakeout of 2009 been compared with the dot-com bust in 2000-01? Back then, dozens of dot-com companies–from Pets.com Inc. to Webvan Group Inc. to smaller start-ups–went belly up after burning through hundreds of millions of dollars. Their downfall was swift; virtually an entire sector of dot-coms was wiped out in a matter of months.

Norwest Venture Partners Goes Big

Pui-Wing Tam, Reporter, The Wall Street Journal in News on November 19, 2009 at 5:00 am PT

Norwest Venture Partners on Wednesday announced that it had closed a new venture-capital fund sized at $1.2 billion. That’s nearly double the size of the Silicon Valley venture firm’s last fund in 2006, which closed at $650 million. The new fund is unusual in this day and age amid a tough fundraising environment brought on by the recession.

Norwest Venture Partners

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