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Norwest Venture Partners

Also known as Norwest, NVP

Palo Alto, United States Founded 1961 norwest.com San Francisco Bay Area ecosystem (#1 of 32)

  • Early stage
  • Growth
  • Late stage
  • enterprise
  • consumer
  • healthcare

Norwest Venture Partners’s latest fund is NVP XVII: $3B, 2024, #20 of 427 firms by latest fund.

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Latest fund$3B2024
Rank by latest fund#20of 427 firms
Assets under management$15.5BSource
Funds with reported performance0None in tracked LP reports
Funds raised, by the year each closed
Funds raised, by the year each closedFunds raised, by the year each closed. 2021: $3B; 2024: $3B.2021 · Raised: $3B$3B20212024 · Raised: $3B$3B2024
The numbers
YearRaised
2021$3B
2024$3B

Overview

Multi-stage venture and growth equity firm.

Notable portfolio companies

Funds

FundClosedSizeSource
NVP XVII2024$3Bnorwest.com
NVP XVI2021$3Bbusiness-standard.com

Reported fund performance

None of the public LP reports we track (Alameda County Employees' Retirement Association (ACERA), Alaska Permanent Fund Corporation (APFC), Alaska Retirement Management Board (ARMB), Andra AP-fonden (AP2), Arkansas Teacher Retirement System (ATRS), CalPERS, CalSTRS, Chicago Teachers' Pension Fund (CTPF), Colorado Public Employees' Retirement Association (Colorado PERA), Connecticut Retirement Plans and Trust Funds (CRPTF), Contra Costa County Employees' Retirement Association (CCCERA), District of Columbia Retirement Board (DCRB), Employees' Retirement System of Rhode Island (ERSRI), Employees' Retirement System of the State of Hawaii (HIERS), Enterprise Ireland (Seed and Venture Capital Scheme), European Investment Fund (EIF), Fire and Police Pension Association of Colorado (FPPA), Greater Manchester Pension Fund (GMPF), Illinois Growth and Innovation Fund (Illinois State Treasurer), International Finance Corporation (IFC), Ireland Strategic Investment Fund, Kentucky Public Pensions Authority (KPPA), KfW Capital, Korea Venture Investment Corp. (Foreign VC Investment Fund), LACERA, Los Angeles City Employees' Retirement System (LACERS), Maine Public Employees Retirement System (MainePERS), Merseyside Pension Fund, Minnesota State Board of Investment, Montana Board of Investments, NYC Board of Education Retirement System (BERS), NYC Employees' Retirement System (NYCERS), NYC Fire Pension Fund, NYC Police Pension Fund, NYC Teachers' Retirement System, Nebraska Investment Council, New Hampshire Retirement System (NHRS), New Jersey Division of Investment, New Mexico Educational Retirement Board (NMERB), New Mexico State Investment Council, New York State Common Retirement Fund, New York Ventures (Empire State Development), New Zealand Superannuation Fund, Norfund (Norwegian Investment Fund for Developing Countries), North Carolina Retirement Systems (NCRS), Orange County Employees Retirement System (OCERS), Oregon Growth Account (Oregon Growth Board), Oregon State Treasury (OPERF), Pennsylvania PSERS, Pennsylvania SERS, Public Employee Retirement System of Idaho (PERSI), Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS), San Bernardino County Employees' Retirement Association (SBCERA), San Diego County Employees Retirement Association (SDCERA), South Carolina Retirement System Investment Commission (RSIC), South Dakota Investment Council (South Dakota Retirement System), State Universities Retirement System of Illinois (SURS), State of Michigan Retirement System (SMRS), State of Wisconsin Investment Board (SWIB), Teachers' Retirement System of Oklahoma (OTRS), Teachers' Retirement System of the State of Illinois (TRS), Teachers' Retirement System of the State of Kentucky (TRS), Texas Municipal Retirement System, US International Development Finance Corporation (DFC), UTIMCO (Permanent University Fund), University of California, Washington State Investment Board, West Yorkshire Pension Fund (WYPF)) include this firm’s funds yet. Venture firms don’t publish returns; figures appear here when a public pension or endowment discloses them.

About this data

Fund sizes come from firm announcements, SEC filings, and press reports, converted to US dollars near the closing date. Compiled as of October 9, 2026. Notable portfolio companies are examples from public sources, not a complete list.

  1. norwest.com
  2. norwest.com/news/norwest-3-billion-global-fund-next-gener…
  3. en.wikipedia.org/wiki/Norwest_Venture_Partners
  4. alternativeswatch.com/2024/04/25/norwest-partners-closes…
  5. business-standard.com/amp/article/companies/norwest-ventu…

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