Business Medical Dialogues
    • facebook
    • twitter
    Login Register
    • facebook
    • twitter
    Login Register
    • Medical Dialogues
    • Speciality Dialogues
    • Education Dialogues
    • Medical Jobs
    • Medical Matrimony
    • MD Brand Connect
    Business Medical Dialogues
    • News
        • Financial Results
        • Hospitals & Diagnostics
        • IT / Health Venture
        • Implants / Devices
        • Insurance
        • Key Movement
        • Pharmaceuticals
        • Policy
        • Technology
        • pharma-news
    • blog
    LoginRegister
    Business Medical Dialogues
    LoginRegister
    • Home
    • News
      • Financial Results
      • Hospitals & Diagnostics
      • IT / Health Venture
      • Implants / Devices
      • Insurance
      • Key Movement
      • Pharmaceuticals
      • Policy
      • Technology
      • pharma-news
    • blog
    • Home
    • Investment
    • Norwest Venture raises...

    Norwest Venture raises 1.5 billion dollar fund, its largest ever

    Written by Ruby Khatun Khatun Published On 2018-02-16T09:45:28+05:30  |  Updated On 17 Aug 2021 11:00 AM IST




    SAN FRANCISCO: 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 the 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.

    The firm plans to back startups creating technology to transform the real estate, insurance, e-commerce and medical device industries. Wells Fargo & Co is a major investor in Norwest's fund.

    The rapid pace of funding reflects both robust interest in technology startups and the growing size of investments commanded by companies that are staying private longer.

    "The pace of innovation has not slowed down," said Jeff Crowe, Norwest's managing partner. "Meanwhile, the deal size is larger."

    Last year, venture capital firms raised more than $32 billion, with nearly $7 billion of that going to funds larger than $1 billion.

    While fundraising is down from its peak in 2016, there remains a large supply of eager investors such as family offices and sovereign wealth funds. Fewer venture firms, just 14 percent, missed their fundraising target last year than in any previous year, according to data firm PitchBook Inc.

    The average size of U.S. venture funds is at its highest since 2011, according to the data.

    Norwest's investments include healthcare technology firms, software startups and consumer businesses such as Uber Technologies Inc and Spotify. In the last two years, it made 130 investments, and roughly two dozen of its startups got acquired and five went public.

    Crowe said the recent stock market correction has not rattled him.

    "Mankind has always had financial cycles and we will have financial cycles both in the public and private markets," he said. "Things do not go up and to the right forever."

    (Reporting by Heather Somerville; Editing by Cynthia Osterman)



    fundFund raisefund raisingfundinginsuranceInvestmentJeff CroweMankindmedical deviceNorwest Venture PartnersRaises
    Source : REUTERS

    Disclaimer: This site is primarily intended for healthcare professionals. Any content/information on this website does not replace the advice of medical and/or health professionals and should not be construed as medical/diagnostic advice/endorsement or prescription. Use of this site is subject to our terms of use, privacy policy, advertisement policy. © 2020 Minerva Medical Treatment Pvt Ltd

    Ruby Khatun Khatun
    Ruby Khatun Khatun
      Show Full Article
      Next Story
      Similar Posts
      NO DATA FOUND

      Popular Stories

      • Email: info@medicaldialogues.in
      • Phone: 011 - 4372 0751

      Website Last Updated On : 13 Oct 2022 5:14 AM GMT
      Company
      • About Us
      • Contact Us
      • Our Team
      • Reach our Editor
      • Feedback
      • Submit Article
      Ads & Legal
      • Advertise
      • Advertise Policy
      • Terms and Conditions
      • Privacy Policy
      • Editorial Policy
      • Comments Policy
      • Disclamier
      Medical Dialogues is health news portal designed to update medical and healthcare professionals but does not limit/block other interested parties from accessing our general health content. The health content on Medical Dialogues and its subdomains is created and/or edited by our expert team, that includes doctors, healthcare researchers and scientific writers, who review all medical information to keep them in line with the latest evidence-based medical information and accepted health guidelines by established medical organisations of the world.

      Any content/information on this website does not replace the advice of medical and/or health professionals and should not be construed as medical/diagnostic advice/endorsement or prescription.Use of this site is subject to our terms of use, privacy policy, advertisement policy. You can check out disclaimers here. © 2025 Minerva Medical Treatment Pvt Ltd

      © 2025 - Medical Dialogues. All Rights Reserved.
      Powered By: Hocalwire
      X
      We use cookies for analytics, advertising and to improve our site. You agree to our use of cookies by continuing to use our site. To know more, see our Cookie Policy and Cookie Settings.Ok