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F r o m W i k i p e d i a , t h e f r e e e n c y c l o p e d i a
American venture and growth equity investment firm
Norwest Venture Partners (Norwest ) is an American venture and growth equity investment firm.[2] growth equity investments across several sectors, including cloud computing and information technology , Internet , SaaS , business and financial services, and healthcare . Headquartered in Menlo Park, California , Norwest has offices in San Francisco and subsidiaries in Mumbai , India and Tel Aviv, Israel .[3] [1]
History
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Northwest Venture Fund, a private equity and venture capital affiliate of Norwest Corporation , was founded in Minneapolis in 1961. It later merged with Wells Fargo in 1998.[4]
The Northwest Growth Fund grew under the leadership of CEO Robert Zicarelli, including the opening of an office in Silicon Valley . Zicarelli retired in 1988 and was succeeded by Daniel Haggerty who retired in the 1990s.[5] [6]
Norwest's main LP is Wells Fargo (and Norwest Corporation before Wells Fargo merged with Norwest).[7]
In January 2016, the firm announced Norwest Venture Partners XIII, a $1.2B fund, and Wells Fargo was the sole investor in this fund.[8] [9] [10]
In December 2021,[11] [2] [12]
In April 2024, the firm announced NVP XVII, LP, a $3B fund, bringing Norwest's total capital under management to $15.5B.[13]
Investments
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Notable investments for Norwest include: Adaptive Insights ,[14] [15] Casper ,[16] Dairy Queen ,[17] Cray [17] Dave ,[18] Kendra Scott ,[19] Opendoor ,[20] Plaid ,[21] Spotify ,[22] Uber ,[22] Talkspace ,[23] Udemy ,[24] Vuori ,[15] Wiliot .[25]
Recognition
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Inc. Founder Friendly Investors[26]
VCJ 50: The Top Venture Fundraisers of 2021[27]
Top 25 Private Equity Firms for Growth Companies[28]
Private Equity International 300[29]
See also
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References
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^ a b "Norwest Launches $3 Billion Fund NVP XVI to Empower Visionary Leaders Creating Businesses for the Future" . Norwest Venture Partners . Retrieved 2022-02-09 .
^ "Contact" . Norwest Venture Partners . Retrieved 2022-02-09 .
^ Richard Florida (Carnegie Mellon University) and Martin Kenney (Ohio State University). Venture Capital and High Technology Entrepreneurship
^ EXECUTIVE CHANGES: Norwest Venture Capital Management . The New York Times, November 28, 1988
^ "George J Still, Stillwater Growth Corp I: Profile and Biography" . Bloomberg.com .
^ Bolista, Phil (2010-07-01). "John Lindahl" . Twin Cities Business . Retrieved 2019-11-29 .
^ Norwest Raises Third Consecutive $1.2 Billion Fund in Five Years [1 ] , TechCrunch, January 20, 2016
^ Venture firm Norwest raises $1.5 billion fund, its largest ever [2 ] , Reuters, February 14, 2018
^ "NVP XV Our $2B Fund" . Norwest Venture Partners . Retrieved 2022-02-11 .
^ "Our Newest Fund is Sweet XVI" . Norwest Venture Partners . Retrieved 2022-02-10 .
^ "Jeff Crowe" . Norwest Venture Partners . Retrieved 2022-02-09 .
^ Temkin, Marina (April 25, 2024). "Norwest Venture Partners raises $3B for 17th vehicle, maintaining fund size despite market downturn" . TechCrunch .
^ Cromwell Schubarth (June 11, 2018). "Here are the big winners in Workday's $1.6B purchase of Adaptive Insights" . Silicon Valley Business Journal . Retrieved October 7, 2022 .
^ a b "Exclusive: Norwest Venture Partners has closed its $3 billion seventeenth fund" . Yahoo Finance . April 25, 2024.
^ Lung, Tiffany. "How Luxury DTC Brand Senreve Found Growth In Asia Amid Pandemic" . Forbes . Retrieved 2021-11-29 .
^ a b Peter DeLevett (January 20, 2014). "Elevator Pitch: Norwest's Promod Haque is the $35 billion man" . Mercury News . Retrieved October 7, 2022 .
^ Jonathan Shieber (September 30, 2019). "Upstart banking company Dave is now worth $1 billion, as Norwest puts in $50 million" . TechCrunch . Retrieved October 7, 2022 .
^ Will Anderson (December 22, 2016). "Kendra Scott's $1 billion empire: PE firm buys into jewelry business at big valuation" . Austin Business Journal . Retrieved October 7, 2022 .
^ Kyle Tibbitts (November 30, 2016). "Online real estate company Opendoor raises $210M" . Opendoor . Retrieved October 7, 2022 .
^ Connie Loizos (December 14, 2021). "Norwest unveils a $3 billion fund, which is nearly one-fourth the capital it has ever raised" . TechCrunch . Retrieved October 7, 2022 .
^ a b Connie Loizos (November 14, 2019). "Norwest closes its 15th fund with $2 billion - its biggest vehicle to date" . TechCrunch . Retrieved October 7, 2022 .
^ Jordan Crook (June 14, 2016). "Talksapce online therapy platform raises $15 million Series B" . TechCrunch . Retrieved October 7, 2022 .
^ Lora Kolodny (May 8, 2014). "Udemy Raises $32M to Teach 'Lifelong Learners' Online, Around the World" . Wall Street Journal . Retrieved October 7, 2022 .
^ Mike Freeman (2021-07-27). "Internet of Things sensor startup Wiliot pulls in $200 million from SoftBank Vision Fund" . San Diego Union Tribune . Retrieved 2022-07-08 .
^ "The Top 146 Founder-Friendly PE and VC Firms" . Inc.com . Retrieved 2022-02-17 .
^ Goldfisher, Alastair (2021-11-01). "VCJ 50: The top venture fundraisers of 2021 are making waves" . Venture Capital Journal . Retrieved 2022-02-17 .
^ "The Top 25 Private Equity Firms for Growth Companies of 2021 | GrowthCap" . Retrieved 2022-02-17 .
^ "PEI 300 | Top private equity firms" . Private Equity International . Retrieved 2022-02-17 .
Saving Yipes . Forbes , July 17, 2002
Old Money Chasing the New; Seeing Windfalls, Big Banks Finance Start-Ups Again . The New York Times, December 24, 1999
External links
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R e t r i e v e d f r o m " https://en.wikipedia.org/w/index.php?title=Norwest_Venture_Partners&oldid=1233920185 " C a t e g o r i e s : ● C o m p a n i e s b a s e d i n P a l o A l t o , C a l i f o r n i a ● F i n a n c i a l s e r v i c e s c o m p a n i e s e s t a b l i s h e d i n 1 9 6 1 ● V e n t u r e c a p i t a l f i r m s o f t h e U n i t e d S t a t e s ● 1 9 6 1 e s t a b l i s h m e n t s i n M i n n e s o t a H i d d e n c a t e g o r i e s : ● A r t i c l e s w i t h s h o r t d e s c r i p t i o n ● S h o r t d e s c r i p t i o n i s d i f f e r e n t f r o m W i k i d a t a
● T h i s p a g e w a s l a s t e d i t e d o n 1 1 J u l y 2 0 2 4 , a t 1 6 : 1 8 ( U T C ) . ● T e x t i s a v a i l a b l e u n d e r t h e C r e a t i v e C o m m o n s A t t r i b u t i o n - S h a r e A l i k e L i c e n s e 4 . 0 ;
a d d i t i o n a l t e r m s m a y a p p l y . B y u s i n g t h i s s i t e , y o u a g r e e t o t h e T e r m s o f U s e a n d P r i v a c y P o l i c y . W i k i p e d i a ® i s a r e g i s t e r e d t r a d e m a r k o f t h e W i k i m e d i a F o u n d a t i o n , I n c . , a n o n - p r o f i t o r g a n i z a t i o n . ● P r i v a c y p o l i c y ● A b o u t W i k i p e d i a ● D i s c l a i m e r s ● C o n t a c t W i k i p e d i a ● C o d e o f C o n d u c t ● D e v e l o p e r s ● S t a t i s t i c s ● C o o k i e s t a t e m e n t ● M o b i l e v i e w
