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Norwest Venture Partners Closes $1.2 Bn Fund

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Silicon Valley-based Norwest Venture Partners (NVP) has raised a $1.2 billion fund for venture and growth equity investments. NVP, which has offices in India besides US and Israel, will look at investing from this fund in the country. Norwest Venture Partners XI, LP, which is nearly twice the size $650 million NVP X, take it's total capital and commitments to more than $3.7 billion. NVP has offices in Mumbai and Bangalore with a five member team dedicated to India. The firm has made around 10 investments in India, with four of them coming this year only. Since ...
Mentions: Promod Haque Norwest Venture Partners Persistent Systems