Norwest Announces $3 Billion Global Fund to Partner with the Next Generation of Enduring Companies
MENLO PARK, Calif., April 25, 2024 /PRNewswire/ -- Norwest Venture Partners, a global venture capital and growth equity investment firm, today announced it has closed a $3 billion fund, NVP XVII, LP (NVP 17). The new fund enables the Norwest team to continue partnering with visionary entrepreneurs and teams building the next generation of enduring companies. Following NVP 16, also a $3 billion fund, NVP 17 now brings the firm's total capital under management to $15.5 billion.
- The new fund enables the Norwest team to continue partnering with visionary entrepreneurs and teams building the next generation of enduring companies.
- Following NVP 16, also a $3 billion fund, NVP 17 now brings the firm's total capital under management to $15.5 billion.
- "For more than six decades, we have been fortunate to partner with an incredible set of companies," said Jeff Crowe, senior managing partner at Norwest.
- "Our experienced team helps portfolio companies navigate hyper-growth phases and challenging economic environments," said Jon Kossow, managing partner at Norwest.