Retrevo Secures $3.2 Million in Series B Financing Led By Norwest Venture Partners

SUNNYVALE, Calif., Jan. 5 /PRNewswire/ — Retrevo today announced that it has secured $3.2 million in Series B venture financing led by Norwest Venture Partners (NVP). Series A investor, Alloy Ventures, also participated in the round. Retrevo also announced that Matthew D. Howard, general partner at NVP, has joined the board. Retrevo, which launched last September at DEMO Fall, is the first dedicated search engine developed specifically for pre-purchase research, shopping and post-purchase support of consumer electronics. The new financing will be used to accelerate product development, strategic partnerships and marketing.

“Since we launched last Fall, Retrevo has been embraced by consumers seeking a single resource for all their consumer electronics questions,” said Vipin Jain, founder and CEO of Retrevo. “This new round of financing will continue the expansion of Retrevo as a destination website for consumer electronics research, purchases and support.”

Retrevo is a single source for all consumer electronics information, from the latest buzz and deals to hard-to-find product documentation. Retrevo helps consumers check community opinions, find pre-purchase information, monitor daily deals and get product documentation for technical support and troubleshooting. As electronic products become more complex and interconnected to other devices, Retrevo provides succinct information in 12 consumer electronics categories, including cell phones, smartphones, cameras, camcorders, home audio and home video, portable audio and portable video, printers and wireless networking (WiFi).

“We invest in companies that develop innovative technology solutions for large markets,” said Matthew D. Howard. “We see great opportunity for Retrevo’s unique approach to developing a one-stop destination for consumer electronics research, shopping and troubleshooting.”

“Retrevo has demonstrated its ability to not only see the opportunity but successfully execute its strategy,” said Ammar Hanafi, general partner, Alloy Ventures. “We are excited about our ongoing support and the opportunity that lies ahead of us.”

Retrevo will be showcasing its technology at the Consumer Electronics Show (CES) during ShowStoppers CES 2007 on Monday, January 8, 2007 from 6:00 to 10:00 p.m. at the Wynn Hotel in Las Vegas.

About Norwest Venture Partners (NVP)

Norwest Venture Partners (NVP) is a global venture capital firm that has partnered with entrepreneurs to build great businesses for more than 45 years. NVP focuses on investments in information technology including: consumer Internet and media, software, services, enterprise and communications systems, and semiconductor/components. The firm currently manages more than $2.5 billion in venture capital out of its office in Palo Alto, California.

NVP has funded over 400 companies since inception. Some of the firm’s recent investments and transactions include Airespace (acquired by Cisco Systems), deCarta, Double Fusion, HedgeStreet, mBlox, Mercora, Resonext Communications (acquired by RF Micro Devices), Spinnaker Networks (acquired by Network Appliance), TURN, Veraz Networks, Wallop and Winphoria Networks (acquired by Motorola). NVP has also funded such market leaders as Actel Corporation, Brocade Communications, Cerent (acquired by Cisco Systems), Documentum, Extreme Networks, Forte Software (acquired by Sun Microsystems), PeopleSoft and Tivoli Systems (acquired by IBM). For more information, please visit http://www.nvp.com/ .

About Alloy Ventures

Alloy Ventures is an early-stage venture capital firm. Over the decades of our history, our limited partners have entrusted us with over $1 billion in capital. We are currently investing out of our 5th fund a $368 million limited partnership raised in June 2005.

About Retrevo

Retrevo is a one-stop destination for consumers to research, shop, or fix their electronic products. Retrevo helps consumers compare community opinions, find pre-purchase information, monitor daily deals and obtain product documentation for technical support and troubleshooting. The company provides succinct information in 12 consumer electronics categories, including cell phones, smartphones, cameras, camcorders, home audio and home video, portable audio and portable video, printers and wireless networking (WiFi). Retrevo is backed by Alloy Ventures and Norwest Venture Partners, and is based in Sunnyvale, California. More at http://www.retrevo.com/ .

    For more information contact:    Matthew Stotts    matthew@retrevo.com    Phone # 408-524-1592    http://www.retrevo.com/  

Retrevo

CONTACT: Matthew Stotts, +1-408-524-1592, or matthew@retrevo.com, forRetrevo

Web site: http://www.nvp.com/

Web site: http://www.retrevo.com/