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PowerReviews Closes Its Round At $6.1 Million

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We reported in early January that PowerReviews (which ... well, powers reviews on e-commerce sites, like Drugstore.com and Staples) had so far raised $4.9 million in a third round of funding. The company now tells us that it’s closed the round at $6.1 million, bringing its total funding to just over $27 million. The new details, in addition to the final figure: The round was led by Menlo Ventures and Tenaya Capital and the money will be used to “fuel current customer acquisition momentum and drive new product development.” The official announcement is coming next Monday.

SEE ALSO: PowerReviews Raises Another $4.9 Million For Product Reviews

Mar 16, 2010 1:30 PM ET

Couple shopping Photo: Corbis


Posted In: E-Commerce, Money, M&A & Venture Capital, Venture Capital, menlo ventures, powerreviews, tenya capital

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