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.

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Investments

Date

Name

Size

Round

Co-Investors

Sector

Country

August 2016

CognitiveScale

$21.8m

Series B

Intel Capital

Infrastructure and Enterprise Software

United States

April 2016

Second Measure

$2m

Seed

Bessemer Venture Partners, Foundation Capital, FundersClub

Data & Analytics

United States

January 2016

Qubole

$30m

Series C

IVP (Institutional Venture Partners), Lightspeed Venture Partners. CRV

Data & Analytics

United States

December 2015

Dtex Systems

Undisclosed amount

Series B

Wing Venture Capital

Institutional Investment & Trading

United States

November 2015

Jet

$350m

Venture

Forerunner Ventures, Citi Ventures, Accel, Alibaba Capital Partners, MentorTech Ventures, Bain Capital Ventures, Fidelity Investments,General Catalyst Partners,

WealthTech

United States

September 2015

Exabeam

Undisclosed amount

Private Equity

Aspect Ventures, Icon Ventures, Shlomo Kramer

Data & Analytics

United States

Funds Raised

Vintage

Fund Name

Amount

1997

Norwest Venture Partners VI

$300m

1999

Norwest Venture Partners VII

$325m

1994

Norwest V

$300m

2000

Norwest Venture Partners VIII

$300m

2002

Norwest Venture Partners IX

$400m

2006

Norwest Venture Partners X

$650m

2010

Norwest Venture Partners XI

$1.2B

2016

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