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Badgeville Raises $12M In VC Funding

California headquarter Badgeville has raised $12M in its second round of venture funding.

    California headquarterBadgevillehas raised $12M in its second round of venture funding. The investment round was led byNorwest Venture PartnerandEI Dorado Venture Partners,whileTrinity VentureandWebb Investment Networkwere also participated.

    Ting Chang,partner at Norwest Venture Partner, andTom Peterson,a partner at EI Dorado Venture Partners, have joined Badgeville board of directors. The social-royalty-platform startup intends to grow its team from 30to 50 employees by the end of 2011.

    Click here for the release fromMarket Wire.

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