TLDR:
– Norwest Venture Partners closes $3B NVP 17 fund
– The new fund will be deployed across India, the US, and Israel
Norwest Venture Partners, a global venture capital and growth equity firm, announced the close of its $3 billion NVP 17 fund. The firm will continue to invest in early, mid, and growth-stage companies in the public and private markets. Since raising NVP 16, Norwest has invested in 69 new companies globally, with 36 liquidity events ranging from IPOs to acquisitions. The new fund will support early to mid-stage companies with a proven business model and initial revenue traction. In India, Norwest has made 43 investments and has 27 active companies in its portfolio. The firm’s NVP 17 fund will focus on growth companies in various sectors including financial services, consumer technology, SaaS, and healthcare. Key leadership changes were also announced with succession plans in place for the firm.
