Norwest Venture Partners

Founded 1961

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 737
Average round size
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The average size of a deal this fund participated in
$26M
Portfolio companies 315
Rounds per year 5.25
Lead investments 173
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.50
Exits 126
Stages of investment
Early Stage Venture
Late Stage Venture
Private Equity

Areas of investment

  • Enterprise Software
  • Health Care
  • Information Technology
  • SaaS
  • Software
Summary

Norwest Venture Partners appeared to be the VC, which was created in 1961. The company was established in North America in United States. The main office of represented VC is situated in the Palo Alto.

The usual cause for the fund is to invest in rounds with 4-5 partakers. Despite the Norwest Venture Partners, startups are often financed by Spark Capital, Slow Ventures, Greylock Partners. The meaningful sponsors for the fund in investment in the same round are Shlomo Kramer, Sequoia Capital India, Sapphire Ventures. In the next rounds fund is usually obtained by Tenaya Capital, IVP (Institutional Venture Partners), DCM Ventures.

We also calculated 26 valuable employees in our database.

Among the most popular fund investment industries, there are Software, E-Commerce. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. The fund has no exact preference in some founders of portfolio startups. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager. Among the various public portfolio startups of the fund, we may underline Lending Club, Rackspace, Jet.com Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund.

The high activity for fund was in 2019. Considering the real fund results, this VC is 16 percentage points more often commits exit comparing to other organizations. Comparing to the other companies, this Norwest Venture Partners performs on 8 percentage points less the average number of lead investments. The top amount of exits for fund were in 2014. The usual things for fund are deals in the range of 10 - 50 millions dollars. When the investment is from Norwest Venture Partners the average startup value is 500 millions - 1 billion dollars. The fund is generally included in 25-48 deals every year.

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Notable deals

CompanyIndustryRoundRound SizeDateInvestorsLocation

Monogram Health

Health Care
Hospital
Wellness
Early Stage Venture
160M08 Jun 2021 United States, Nashville

Spiff

Financial Services
FinTech
Information Services
Information Technology
Sales
Sales Automation
Software
Early Stage Venture
46M01 Jun 2021 United States, Sandy

Mensa Brands

Venture Capital
Early Stage Venture
50M31 May 2021 India, Bengaluru

Homeward

Real Estate
Early Stage Venture
136M27 May 2021 United States, Austin

Uptycs

Computer
Network Security
Late Stage Venture
50M26 May 2021 United States, Waltham

Qualified.com

B2B
CRM
E-Commerce
Marketing
Marketing Automation
Sales
Sales Automation
Early Stage Venture
51M25 May 2021 United States, San Francisco

oneNav

Internet of Things
Semiconductor
Software
Wireless
Early Stage Venture
21M20 May 2021 United States, Palo Alto

Mindful Health Solutions

Clinical Trials
Health Care
Outpatient Care
14 May 2021
United States, " United States"}

Legion Technologies

Artificial Intelligence
Human Resources
Machine Learning
SaaS
Software
Late Stage Venture
50M11 May 2021 United States, Redwood City
News
Elligo Health Research Inks $135M Series E
– Elligo Health Research, a healthcare-enabling research organization powered by the novel IntElligo technology, announced a $135m Series E financing round. – Morgan Stanley Expansion Capital and Ally Bridge Group participated in the financing round. – The round was also participated by Norwest Venture Partners and all major existing investors, including Cerner, Hatteras Venture Partners, Noro-Moseley Partners, Piper Sandler Merchant Banking, Shumway Capital, and Syneos Health. – This financing allows Elli... Read more
Propel Announces $20 Million Series C to Help Manufacturers Deliver Long Term Customer Engagement
– Propel announced it has raised $20m in Series C financing. – The investment was led by Salesforce Ventures, with participation from existing investors Norwest Venture Partners, Cloud Apps Capital Partners, Green D Ventures and TIFF. – The company has raised a total of $48m in funding to date. – With this new round of funding, Propel will continue its development of Product 360 – the only unified quality management (QMS), product lifecycle management (PLM) and commercialization solution built on Sal... Read more

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