About Norwest Venture Partners
Norwest Venture Partners is a venture capital firm with headquarters in Palo Alto and San Francisco, California. The original Norwest Venture Fund began in 1961 as both a private equity and venture capital fund. The fund was affiliated with the Norwest Corporation, a banking and financial services company based in Minneapolis, Minnesota that would eventually merge with Wells Fargo in 1998. In 1994, George J, Still, Jr. and Promod Haque took over as managing partners of Norwest. In 2018, the firm raised its largest fund to date, Norwest Venture Partners XIV, with a total capitalization of $1.5 billion USD.
Norwest is currently led by senior managing partner, Promod Haque, as well as managing partners Jeff Crowe and Jon Kossow. Norwest invest in both early stage and late stage companies across a wide range of business sectors, including consumer, cloud, IT infrastructure, healthcare, and enterprise. In 2017, 17 Norwest portfolio companies experienced liquidity events, including two IPOs. Current and historic portfolio companies include Spotify, Casper, Uber, Minted, Bluejeans and Udemy.
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