During the Spring of 2020, we formed three DEI working groups across Norwest: Investing, Hiring & Retention, and Portfolio Services. We recognized a shared sense of urgency and responsibility to address inequities and cultivate lasting change. Since our last fund, our world has also experienced transformative cultural shifts. India – Five Star Business Finance, Kotak, NSE, SwiggyĮxpanding Access for Underrepresented Groups.Enterprise – Aporeto, CyberX, Galvanize, Shape Security.Over this same period, we helped approximately 30 portfolio companies, including the following, to achieve significant liquidity events.

Last week we reported the results of our annual Talent & People Practices Benchmark Survey, which offered insights into how these companies adapted, key trends and HR advice for 2022.Įven with virtual collaborations replacing boardrooms, we provided new funding and a wide array of portfolio services to more than 60 pioneering and impactful companies, including Classy, Dave, Devoro Medical, Fabric, Faire, ICON, Qualified, and UPSIDE Foods. Through programs such as preferred portfolio pricing for telehealth benefits, informal portfolio discussions, COVID medical Q&As, office re-entry guides, and best practices webinars, we ensured that their businesses and people continued to thrive. Our firm responded quickly to help portfolio companies safely navigate uncertain and challenging times. In turn, we all found new ways to stay connected. Since we closed XV in November 2019, a global pandemic forced many of us to work remotely and rethink much of our way of life. We believe in empowering our founders and supporting their success with decades of experience navigating the ups and downs of growth. Norwest has always taken an invited guest approach with our portfolio companies, along with a “leave your ego at the door” philosophy. Since our inception, we’ve been committed to championing greatness. This is evidenced across every department and sector, from IT to finance, to portfolio services and data science, to the reception and EA teams.

We’ve always believed that our people are Norwest’s most valuable differentiator. We’re excited to celebrate our investment team and next generation of leaders, while also recognizing the entire Norwest family for its contributions. With this new fund we will continue to invest in innovative companies with transformational businesses and empower our portfolio leaders with the resources and connections to enhance their growth and create sustainable value. Today marks a major milestone for us as we announce the closing of NVP XVI, a $3B venture and growth equity fund, which brings our total capital under management to $12.5B.

Investing in Great Leaders, Great Ideas, and Great Businesses-Welcome NVP XVI! UPDATE: Norwest closed NVP Fund 17, our newest $3 billion venture and growth equity fund.

Norwest venture partners fund size