Norwest closes its eighteenth fund at $4 billion
The firm’s largest fund will support venture and growth investments across the United States, India and Israel.
Norwest has closed Norwest 18 at $4 billion, its largest fundraise to date. The close takes the investment firm’s total assets under management to $18 billion.
The new fund will support venture capital and growth equity investments in technology, healthcare and consumer businesses across the United States, India and Israel.
Norwest is expanding its investment focus in areas including financial infrastructure, physical and voice AI, cybersecurity, industrial and aerospace technology, and healthcare AI. It also provides portfolio companies with strategic advice and operational support.
Use of funds
Venture capital and growth equity investments in technology, healthcare and consumer companies in the United States, India and Israel