Press Release

Norwest Venture Partners Closes $1.5 Billion Fund

February 26, 2018

Palo Alto – February 26, 2018 – Cooley advised Norwest Venture Partners on the closing of its 14th fund at $1.5 billion – its largest to date. Partner Nicole Peppe led the Cooley team advising Norwest.

The new fund targets disruptive and market-leading companies from seed to late-stage across the consumer, enterprise and healthcare sectors. The launch of Norwest Venture Partners XIV, which brings the firm’s total capital commitments to more than $7.5 billion, closes on the heels of a record two years, as 30 of the firm’s portfolio companies achieved notable liquidity events.

Norwest is a premier multi-stage investment firm managing more than $7.5 billion in capital. Since its inception, it has invested in 600+ companies and partnered with 140+ active companies across its venture and growth equity portfolio.

In the last decade, Cooley has advised Norwest on the financings of more than 70 companies across three funds, including 8th Wall, Aporeto, Button, Glint, HoneyBook, Legion, Madison Reed, OpenDoor Labs, ProsperWorks, Soham, SourceClear and Udemy.

Cooley previously advised Norwest on its 13th fund, valued at $1.2 billion.

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