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Norwest Venture Partners

Investor type Venture Capital

Overview

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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 892
Average round size
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The average size of a deal this fund participated in
$31M
Portfolio companies 434
Rounds per year 14.62
Lead investments 191
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.51
Exits 161
Key employees 13
Stages of investment
Early Stage Venture
Late Stage Venture
Private Equity

Areas of investment

  • Software
  • Information Technology
  • Enterprise Software
  • SaaS
  • Health Care
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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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Norwest Venture Partners:
Typical Co-investors
Norwest Venture Partners is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Norwest Venture Partners:

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
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Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Celebal Technologies

Consulting
Information Technology
Software
$33M23 Nov 2022 Jaipur, Rajasthan, India

DiaGrid

Information Services
Outsourcing
Software
$20M18 Nov 2022 -

Rezo Therapeutics

Biotechnology
Product Research
$78M17 Nov 2022 South San Francisco, California, United States

Weka.IO

Artificial Intelligence
Cloud Storage
Data Center
Data Storage
Financial Services
Information Technology
Machine Learning
Software
$135M15 Nov 2022 California, United States

MBX Biosciences

Biotechnology
Health Care
Wellness
$115M14 Nov 2022 Indiana, United States

Oro Labs

Software
$25M03 Nov 2022 Palo Alto, California, United States

Neocis

Dental
Health Care
Medical Device
Robotics
$40M27 Oct 2022 Miami, Florida, United States

Enable

B2B
Cloud Data Services
Finance
SaaS
Software
$94M18 Oct 2022 San Francisco, California, United States

Xembly

Consulting
Information Technology
Software
$15M04 Oct 2022 Seattle, Washington, United States
News
SlashNext Closes $26M Series B Funding

– SlashNext is a Pleasanton, CA-based AI phishing defense company.
– The company closed a $26m Series B funding.
– Backers included new investors Tom and Matt Gallo, Telia Group, and the ACTIVE Fund of the Ayala group, and early investors Norwest, Wing, and Alter Ventures.
– The new investment will be used to scale customer acquisition and operations domestically and internationally.

Citcon Closes $30M Series C Funding

– Citcon received $30m in Series C financing led by Norwest Venture Partners and Cota Capital.
– The new funding will support the rapid addition of world-class staff and global expansion that builds on the company’s international presence on four continents.
– The company’s annualized payment volume is more than $1 billion, representing 300%+ year-on-year growth.
– Citcon’s global enterprise payments gateway allows merchants to participate in global commerce by enabling secure online or in-store transactions with more than 100 different payment methods, including mobile wallets, local payment schemes, and traditional credit cards — all through one single integration and reconciliation platform.

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