ENA Sectors 2024-04-26 14:20:53 <p><span style="font-size:14px"><strong>New Delhi, Apr 26 (KNN)</strong> Norwest Venture Partners, a prominent venture capital firm that has backed successful startups like Swiggy, OfBusiness, and Amagi, has raised a new USD 3 billion fund to invest in early and growth-stage startups.</span></p> <p><span style="font-size:14px">The fund will target companies in the United States, India, and Israel across several sectors including enterprise, consumer, and healthcare technology.</span></p> <p><span style="font-size:14px">With this latest fund, Norwest now manages over USD 15.5 billion in total capital. Its current active portfolio in India includes 26 companies.</span></p> <p><span style="font-size:14px"> Our diversified strategy allows us to support founders at every stage, said Jeff Crowe, Norwest's senior managing partner. The firm invests between USD 10 - USD 100 million in early to growth stage rounds, reported moneycontrol.</span></p> <p><span style="font-size:14px">In India, Norwest has also invested in leading financial services firms like Kotak Mahindra Bank, IndusInd Bank, and Cholamandalam Investment.</span></p> <p><span style="font-size:14px">The new fund continues Norwest's global multi-stage, multi-sector approach to venture investing. With offices in Menlo Park, San Francisco, Mumbai, and Tel Aviv, the firm focuses on innovative startups in North America, India, and Israel markets.</span></p> <p><span style="font-size:14px">With over 60 years of experience, Norwest now manages a portfolio of over 230 venture and growth equity companies globally from its headquarters in California and offices in India and Israel.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 37566 https://knnindia.co.in/news/newsdetails/sectors/norwest-venture-partners-raises-3-billion-fund-to-invest-in-early-startups 2024-04-26 14:20:53 knnindia.co.in