Understanding Norwest Venture Partners and Its Services

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Norwest Venture Partners is a leading venture capital firm with a rich history dating back to 1966. Founded by Charles E. Schwab and others, the firm has been investing in innovative companies for over five decades.

Norwest Venture Partners has a strong presence in the US, with offices in Menlo Park and San Francisco. The firm has a diverse portfolio of investments across various sectors, including technology, healthcare, and consumer.

The firm's investment approach focuses on partnering with entrepreneurs and management teams to build and grow successful companies. Norwest Venture Partners has a proven track record of investing in companies that have gone on to achieve significant growth and success.

Investments and Exits

Norwest Venture Partners has made 1,306 investments, with their latest investment being in Ouro Medicines as part of their Series A on January 10, 2025.

Their portfolio exits are just as impressive, with 312 exits to date. Their latest exit was Act-On Software, which was acquired by Banzai on January 23, 2025.

Some notable exits include Target RWE, which was acquired by Highlander Health on January 7, 2025, and Wine Access, which was acquired by Full Glass Wine on December 9, 2024.

Investments

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Norwest Venture Partners has made a significant number of investments over the years, with 1,306 investments to date.

One of their notable investments was in Spotify, a well-known music streaming service.

Their latest investment was in Ouro Medicines as part of their Series A on January 10, 2025.

Some of their other notable investments include Adaptive Insights, Talkspace, and Casper.

Here are some of their notable investments in a list format:

  • Adaptive Insights
  • Avetta
  • Casper
  • Dairy Queen
  • CrayDave
  • Kendra Scott
  • Opendoor
  • Plaid
  • Spotify
  • Uber
  • Talkspace
  • Udemy
  • Vuori

Portfolio Exits

Norwest Venture Partners has had its fair share of successful portfolio exits. One notable exit was Act-On Software, which was acquired by Banzai on January 23, 2025.

The company has a total of 312 portfolio exits, with Act-On Software being their latest. This acquisition was valued at $XXM.

Norwest Venture Partners has a diverse portfolio, with exits ranging from acquisitions to initial public offerings (IPOs). One notable IPO was Subscribe to see more, which took place on November 13, 2024.

Here are some key statistics on Norwest Venture Partners' portfolio exits:

These statistics give us a glimpse into the types of companies and exits that Norwest Venture Partners has been involved in.

Acquisitions and Mergers

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Norwest Venture Partners has a significant track record of acquisitions, with 14 companies acquired under their belt. Their latest acquisition was Face Reality on September 15, 2022.

One notable acquisition is Ebbo, which was acquired on July 8, 2019, for a valuation of $XXM. The acquisition was part of Norwest Venture Partners' other venture capital investments.

Another notable acquisition is Target RWE, which was acquired on May 9, 2018, for a valuation of $XXM. This acquisition was part of Norwest Venture Partners' Series A investments.

Here's a breakdown of Norwest Venture Partners' acquisitions:

Norwest Venture Partners has a diverse portfolio of acquisitions, with investments in various sectors and stages of development.

Company Information

Norwest Venture Partners is a leading venture capital firm with a rich history dating back to 1966. They have been investing in innovative companies for over 55 years.

Their headquarters is located in Palo Alto, California, and they have offices in other locations as well.

19 Fund Histories

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Norwest Venture Partners has a rich history with 19 funds under its belt. The firm's first fund was founded in 1961 by Northwest Venture Fund, a private equity and venture capital affiliate of Norwest Corporation.

The firm's most recent fund, NVP 17, was closed on April 25, 2024, with a whopping $3 billion in assets under management. This fund is one of the many in Norwest Venture Partners' portfolio, which includes NVP 16, closed on December 14, 2021, with the same amount.

One of the firm's notable funds is Norwest Venture Partners XV, a multi-stage venture capital fund that was closed on November 14, 2019, with $2 billion in assets under management. This fund is part of the firm's larger portfolio, which has grown significantly over the years.

Here's a list of Norwest Venture Partners' funds, along with their closing dates and amounts:

The firm's total capital under management has grown significantly over the years, reaching $12.5 billion in 2021 and $15.5 billion in 2024.

Annual Revenue

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Norwest Venture Partners' annual revenue was $96.2 million in 2025.

Understanding a company's revenue is crucial for investors and business partners, as it gives them an idea of the company's financial health.

The annual revenue of Norwest Venture Partners was $96.2 million in 2025, indicating a stable financial position.

This information can be useful for those considering partnerships or investments with Norwest Venture Partners.

By knowing the company's revenue, you can make more informed decisions about your business dealings with them.

Service Providers

Our company partners with various service providers to deliver top-notch services to our clients.

These service providers are carefully selected based on their expertise and reliability.

Some of our key service providers include IT consultants, financial advisors, and marketing specialists.

They work closely with our team to ensure seamless execution of projects and services.

Their expertise helps us stay up-to-date with the latest industry trends and best practices.

We have a long-standing relationship with these service providers, built on trust and mutual respect.

This partnership enables us to offer a wide range of services to our clients, from IT support to financial planning.

By working together, we can provide comprehensive solutions that meet our clients' diverse needs.

Frequently Asked Questions

Is Norwest Venture Partners owned by Wells Fargo?

No, Norwest Venture Partners is not owned by Wells Fargo, but rather Wells Fargo is an institutional limited partner to the venture firm. This means Wells Fargo has a financial partnership with Norwest Venture Partners, but does not have direct ownership.

Is Norwest Venture Partners good?

Norwest Venture Partners has an excellent overall rating of 4.9/5, with 96% of employees recommending it to friends. Employees have a very positive outlook on the company, making it a great place to work.

What is the average ticket size for Norwest Venture Partners?

Norwest Venture Partners typically invests between $20 million and $100 million per transaction, with an average ticket size falling within this range. This investment size supports fast-growing companies with strong market positions and proven management teams.

Sheldon Kuphal

Writer

Sheldon Kuphal is a seasoned writer with a keen insight into the world of high net worth individuals and their financial endeavors. With a strong background in researching and analyzing complex financial topics, Sheldon has established himself as a trusted voice in the industry. His areas of expertise include Family Offices, Investment Management, and Private Wealth Management, where he has written extensively on the latest trends, strategies, and best practices.

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