Norwest Venture Partners (NVP), a global, multi-stage venture and growth equity investment firm, announced a new fund with $1.2 billion.
The new Norwest Venture Partners XII fund bring NVP’s total capital and commitments to approximately $5 billion
In 2013, more than 11 of the firm’s portfolio companies experienced liquidity events. NVP has invested in nearly 550 companies since inception, and currently has over 120 active companies across its venture and growth equity portfolio, including Adaptive Insights, Apigee, BlueJeans Network, CareCloud, Clarus Marketing Group, Gilt Groupe, Health Catalyst, Intersect ENT, Lending Club, Lumosity, MobileIron, Skybox Imaging, Spotify, Turn and Yatra.
“A key strategy for success at NVP is investment diversification. We invest across multiple sectors, stages and geographies, all with a team approach that enables our portfolio companies to tap into the breadth and depth of our expertise,” said Promod Haque, senior managing partner at Norwest Venture Partners. “The closing of NVP XII will enable us to expand our focus in the enterprise IT, consumer Internet, healthcare, consumer products and services sectors and grow our presence in thriving entrepreneurial hubs. We look forward to working closely with passionate and talented entrepreneurs to build the next wave of successful companies.”
