# Norwest

> Norwest is a global venture-capital and growth-equity firm that invests from roughly $1 million to $200 million across enterprise technology, consumer businesses, and healthcare. Founded in 1961 and backed by a long institutional relationship with Wells Fargo, the firm says it manages $15.5 billion, has invested in more than 700 companies, and works with more than 230 active portfolio companies. Its offer is broader than capital: a 23-plus-person Portfolio Success group and senior-advisor network help founders with recruiting, culture, go-to-market, product and AI, M&A, and community building.

- **Founded:** 1961
- **Headquarters:** Menlo Park, United States
- **Team size:** Approximately 150 employees in supplied company data; LinkedIn lists 51-200 employees. Norwest says its Portfolio Success team includes more than 23 full-time professionals.
- **Products:** Venture Capital, Growth Equity, Healthcare Investing, Portfolio Success, Norwest Accelerate and Operator Collective
- **Notable:** Raised NVP XVII at $3 billion in April 2024, bringing reported capital under management to $15.5 billion., Invested in more than 700 companies since inception, with more than 230 active portfolio companies reported on its current site., Expanded beyond North America in 2005, opened its Israel office in 2009, and operates in North America, India, and Israel from one global fund.

## Products & services

- **Venture Capital** — Early- to late-stage equity investing across enterprise technology, consumer, healthcare, and adjacent categories; the firm publishes an overall investment range beginning around $1 million.
- **Growth Equity** — Minority growth investments in established, fast-growing businesses; Norwest launched the dedicated practice in 2009 and publishes an overall upper check size around $200 million.
- **Healthcare Investing** — Investing in biotech, digital health, healthcare software and services, diagnostics, medical devices, life-science tools, and pharma services.
- **Portfolio Success** — Custom support in talent and network development, people operations and culture, go-to-market, product and AI, corporate development and M&A, and community and ecosystem building.
- **Norwest Accelerate and Operator Collective** — Programs and networks that connect portfolio leaders with operators, functional expertise, peers, and practical company-building resources.

## Achievements

- Raised NVP XVII at $3 billion in April 2024, bringing reported capital under management to $15.5 billion.
- Invested in more than 700 companies since inception, with more than 230 active portfolio companies reported on its current site.
- Expanded beyond North America in 2005, opened its Israel office in 2009, and operates in North America, India, and Israel from one global fund.
- Built a portfolio spanning companies such as Gong, Vuori, Monogram Health, Five Star Finance, Swiggy, Omada Health, and VAST Data.
- Reported 36 liquidity events between the December 2021 NVP XVI close and the April 2024 NVP XVII announcement.
- Promod Haque’s Norwest investments produced more than $40 billion in aggregate exit value, according to his firm biography, with 25 portfolio companies going public and 49 acquired or public-and-acquired.

## Latest updates

- **2026-08** — Norwest announced it was leading Zenity’s Series C, framing AI agents as a new security perimeter.
- **2026-07** — Its Portfolio Success team published a framework for building B2B influencer programs that move pipeline and shape AI-era brand discovery.
- **2026-06** — Norwest backed Coval, a voice-AI testing company led by a founder whose prior work helped validate self-driving systems.
- **2026-06** — The firm expanded its AI support with new technical leadership for portfolio companies.
- **2026-04** — Norwest co-led E2’s $80 million Series C to support commercialization of a blood-clot removal system.
- **2026-02** — Norwest invested in Nimble, arguing that AI agents need more reliable infrastructure for web search and data access.
- **2026-01** — Norwest marked Amagi’s path to an IPO after backing the cloud-broadcast and streaming infrastructure company.

## Links

- Website: https://www.norwest.com/
- LinkedIn: https://www.linkedin.com/company/norwest-venture-partners/
- Twitter/X: https://x.com/NorwestVP
- YouTube: https://www.youtube.com/@NorwestVP
- Instagram: https://www.instagram.com/norwestvp/

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Profile page: https://yespress.io/norwest
Published by YesPress — https://yespress.io
Last updated: 2026-08-16