InterWest News
Active InterWest invests in marketing software, hair loss startups
The Daily Deal
Alain Sherter
12 August 2008
Fresh off closing a $650 million fund to invest in information technology and life sciences companies, InterWest Partners LLC has booked two more deals in, yep, IT and life sciences.
InterWest is one of the most active—and interesting—early-stage venture capital investors around these days. In the first of its two latest investments, the firm joined Storm Ventures in putting $8 million in a Series B round in Marketo Inc., which provides marketing automation software. In the other deal, InterWest joined in an $11 million Series B funding led by Polaris Venture Partners for Follica Inc., which makes therapies for treating baldness and related hair loss disorders (count me in).
The timing of these deals is not coincidental. With the economy sagging, InterWest wants "to make sure companies make it through what we expect to be a tumultuous financial period," partner Bruce Cleveland told us earlier this year.
