Norwest Venture Partners, a Palo Alto, CA-based multi-stage investment firm, closed its latest fund, at $1.5 billion.
Norwest Venture Partners XIV, LP, which brings the firm’s total capital commitments to more than $7.5 billion, targets companies from seed to late-stage across consumer, enterprise and healthcare sectors.
Norwest invests in early to late stage companies across a wide range of sectors with a focus on consumer, enterprise, and healthcare. Since inception, the firm has invested in more than 600 companies and today partners with over 140 active companies across venture and growth equity portfolio.
Norwest has an office in San Francisco, and subsidiaries in India and Israel.
The fund follows Norwest Venture Partners XIII, a $1.2 billion fund, which closed in January 2016. Since then, the firm has made 80 new and follow-on investments across diverse stages and sectors and enhanced its portfolio services platform to support the firm’s growing network of companies.
In March of 2018, Norwest will open a new South Park office to work more closely with entrepreneurs based in San Francisco, continue to serve existing portfolio companies headquartered in the city, expand its CEO impact programs, and continue to offer community building activities to its portfolio.