Monday, May 19, 2008

NearbyNow Adds $11.75M

Los Altos-based NearbyNow said Monday that it has raised $11.75M in an investment round led by Norwest Venture Partners. NearbyNow operates an online service that allows users to search local stores for consumer products. The firm said the Series C funding also included existing investor Draper, Fisher Jurvetson. NVP's Joshua Goldman will join the firm's board of directors as part of the funding. The funding brings NearbyNow's total raised to $19.25M. More information »