3/23/2023 0 Comments Norwest venture partners"We were blown away by the 'customer love' for Lavender's product, which is a testament to the founding team's deep understanding of their end user and the tight-knit community of sales leaders it has already built. It supercharges sales reps by reducing their time spent writing emails so that they can focus on building relationships and selling products," said Scott Beechuk, partner at Norwest Venture Partners. "Lavender's platform goes beyond basic AI-generated writing to augment-rather than automate-sales outreach and humanize every interaction. Other angel and seed investors include Arash Ferdowsi (Dropbox), Alex Lieberman (Morning Brew), Troy Osinoff (JUICE), and Braydan Young (Sendoso). Signia led the seed round with participation from CapitalX and Position Ventures. Norwest Venture Partners led the Series A with participation from Signia Venture Partners. NEW YORK, February 2, 2023- Lavender, provider of the leading AI-powered sales email coaching platform, today announced it has raised $13.2 million in funding which includes an $11 million Series A that closed just weeks after a $2.2 million seed round. Lavender Announces $13.2 Million in Funding to Create Email Intelligence Category for Sales TeamsĬompany to expand team and introduce new AI-powered features VCPro Database is available in both Windows and macOS versions. The most reliable, up-to-date and affordable venture capital directory of its kind. VCPro Database 2023 26th Edition - a downloadable and searchable venture capital database with 6,900+ venture capital and private equity firms worldwide. Published since 1998, VCPro Database is the most reliable, up-to-date and affordable venture capital directoryĢ023 New Edition Now Available! (Updated JANUARY 2023) Venture Capital Firms List / Venture Capital & Private Equity Firms and Sources Venture capital directory | private equity directory Venture Capital News | Private Equity News The firm promoted Lisa Wu, who sourced the Jet deal, to partner for the new fund, and recently hired two other partners to its team.Lavender Announces $13.2 Million in Funding to Create Email Intelligence Category for Sales Teams With much of its success coming from the nine-year-old growth side of its practice, Norwest is promoting Jon Kossow, who leads that team, to managing partner alongside Haque and Midas List investor Jeff Crowe. The firm says it's backed more than 25 companies cofounded or led by women entrepreneurs. Other Norwest investments include Casper, Lending Club, Spotify and Uber. Though 80% of its portfolio is comprised of American companies, recent successes have come out of India and Israel, Haque says.Īs Norwest's venture team sits tight on a portfolio that's remained mostly private in recent months, its growth team has scored wins with Kendra Scott, which Berkshire Partners acquired a large minority stake of at a $1 billion valuation, and PCA Skin, which was acquired by Colgate this past December. Norwest also was one of a few firms that invested in Jet.com, which Walmart acquired in 2016 for $3.3. and abroad, all from the same financial vehicle. Norwest invests in a mix of early- and later-stage deals, inside the U.S. But his firm's strategy, which he categorizes as one of "diversification," hasn't changed much in recent years. The slightly larger fund reflects that venture deals are a little larger, Haque admits.
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