NearbyNow, the online service that allows US-based consumers to search inventory at stores in their local shopping mall and reserve items to pick up

What Company Is Offering:
NearbyNow, Inc. provides a unique online service that allows consumers to find products, brands, and sales near them at any time using the Internet or mobile phones. NearbyNow powers hundreds of shopping centers across the U.S., allowing shoppers to search store inventory and put items on hold without placing a phone call. The company also creates an efficient marketing tool for retailers to target nearby consumers, helping to drive sales by turning online shoppers into in-store buyers.

How Much They Got From VCs:
NearbyNow, the online service that allows US-based consumers to search inventory at stores in their local shopping mall and reserve items to pick up, today announced a new investment of $11.75 million led by Norwest Venture Partners (NVP) to expand the company's Internet and mobile local shopping services.

Also announced today -- NearbyNow has partnered with TheFind, Inc., a leading shopping search engine for discovering lifestyle goods, to offer online shoppers using TheFind.com the ability to reserve products at select local retailers. Additionally, NearbyNow has revealed a sneak preview of a new mobile service for the Apple iPhone(TM) that allows shoppers to graphically navigate a shopping center, search local inventory, and reserve items for pick up.

"We are very pleased to have Norwest Venture Partners, one of the world's leading technology investors, on the NearbyNow team," said Scott Dunlap, CEO and President of NearbyNow, Inc., "NVP has a deep knowledge of Internet and mobile technologies, and a successful track record of spotting new consumer trends. We look forward to their experience and insightful direction as we move forward."

More at:www.nearbynow.com.