Norwest Venture Partners raises $1.5b for its largest-ever fund

Norwest Venture Partners raises $1.5b for its largest-ever fund

Jeff Crowe, Managing Partner, Norwest Venture Partners

Silicon Valley firm Norwest Venture Partners has raised its largest fund to date, a $1.5 billion pool of money, joining a wave of record fundraising as venture firms jockey for deals in the competitive field of startup investing.

The new fund, announced Wednesday, comes just two years after Norwest raised a $1.2 billion fund, which was at that time the firm’s largest. Norwest Venture Partners was founded in 1961 and is on its 14th fund.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter