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Epinions third round raises $12 million

Epinions, a site for consumer reviews by consumers, raised $12 million in a third round of funding led by BV Capital/Bertelsmann Ventures. Other investors in the round included Benchmark Capital, August Capital and Goldman Sachs. The company named Jeff Bruce, formerly an executive at Women.com, as vice president of sales and business development and Jan Henric Buettner, managing general partner of BV Capital, as a director. Epinions last month laid off 27 percent of its staff.

Epinions, a site for consumer reviews by consumers, raised $12 million in a third round of funding led by BV Capital/Bertelsmann Ventures. Other investors in the round included Benchmark Capital, August Capital and Goldman Sachs. The company named Jeff Bruce, formerly an executive at Women.com, as vice president of sales and business development and Jan Henric Buettner, managing general partner of BV Capital, as a director. Epinions last month laid off 27 percent of its staff.