Norwest Venture Partners
Investor - Venture Capital
Overview
Norwest Venture Partners invest in early-stage venture projects with world-class technologies and entrepreneurs; later-stage companies with existing customers, strong sales and top tier management and co-investors.
Country: United States
Headquarters: Palo Alto, CA
Investment Strategy
Geography
- North America
- Asia
- Middle East and Israel
Sector Focus
- Marketplace Lending
- Institutional Investments and Trading
- WealthTech
- Infrastructure and Enterprise Software
- Data and Analytics
Investment Stage
- Seed
- Series A
- Series B
- Series C
- Series D
Summary
Norwest Venture Partners invest in early-stage venture projects with world-class technologies and entrepreneurs; later-stage companies with existing customers, strong sales and top tier management and co-investors.
For early stage companies with strong growth potential, their general goal is to invest between $10 million and $15 million in each company over time. They sometimes begin with a smaller amount (as little as $1 million to $5 million), and they have the ability to invest as much as $25 million to $30 million. Having manage approximately $6 billion of capital (current fund $1.2 billion). Their firm has funded more than 575 companies since inception and they currently have more than 130 active portfolio companies globally.
Investments
Date
Name
Size
Round
Co-Investors
Sector
Country
CognitiveScale
Series B
Intel Capital
Infrastructure and Enterprise Software
United States
Second Measure
Seed
Bessemer Venture Partners, Foundation Capital, FundersClub
Data & Analytics
United States
Qubole
Series C
IVP (Institutional Venture Partners), Lightspeed Venture Partners. CRV
Data & Analytics
United States
Dtex Systems
Series B
Wing Venture Capital
Institutional Investment & Trading
United States
Jet
Venture
Forerunner Ventures, Citi Ventures, Accel, Alibaba Capital Partners, MentorTech Ventures, Bain Capital Ventures, Fidelity Investments,General Catalyst Partners,
WealthTech
United States
Exabeam
Private Equity
Aspect Ventures, Icon Ventures, Shlomo Kramer
Data & Analytics
United States
Funds Raised
Vintage
Fund Name
Amount
Norwest Venture Partners VI
$300m
Norwest Venture Partners VII
$325m
Norwest V
$300m
Norwest Venture Partners VIII
$300m
Norwest Venture Partners IX
$400m
Norwest Venture Partners X
$650m
Norwest Venture Partners XI
$1.2B
Norwest Venture Partners XIII
$1.2B
Key Employees
Kurt Betcher
Administrative Partner and CFO
Promod Haque
Senior Managing Partner
Jeff Crowe
Member of the Board of Directors
Matthew Howard
Managing Partner