Norwest Venture Partners

Norwest Venture Partners (NVP ) is one of the largest and longest-established multi-stage venture capital and growth equity firms in the United States, headquartered in Palo Alto, California (Silicon Valley) with additional offices in San Francisco, New York, Tel Aviv, Bengaluru, and Mumbai. The firm was originally founded in 1961 as the venture arm of the Norwest Corporation (the predecessor holding company that through successive mergers eventually became Wells Fargo & Company), and has operated as an independent firm since its captive-but-autonomous structure with Wells Fargo as its sole limited partner aEUR" a distinctive and enduring structural feature. NVP invests across information technology (enterprise software, SaaS, cybersecurity, fintech, AI / ML, infrastructure), healthcare and life sciences (digital health, services, devices), and consumer internet, and at all stages from seed to growth equity to private equity buyouts. The firm manages over USD 12.5 billion in aggregate capital, with recent flagship funds including Norwest XVI at approximately USD 3 billion in 2024 (the firm's 16th flagship since inception). NVP has invested in 650+ portfolio companies with approximately 250+ exits and notable investments including Uber (growth-round), Spotify, Opendoor, Calm, Fivetran, Nutanix, Omada Health, Lending Club, PlumHQ, Bhanzu, National Instruments, and many others. The firm has a prominent managing-partner cohort including Managing Partner Jeff Crowe, Promod Haque (long-tenured managing partner), Scott Beechuk, and many others.