Press Release

Norwest Raises $2 Billion for 15th Fund

November 22, 2019

Boston – November 22, 2019 – Cooley advised Norwest Venture Partners on the closing of its largest fund to date at $2 billion, bringing its total capital commitments to more than $9.5 billion. Nicole Peppe led the Cooley team advising NVP.

Norwest Venture Partners XV will target disruptive and market-leading companies from seed to late-stage across consumer, enterprise and healthcare sectors.

In the past two years, NVP has closed its 14th fund at $1.5 billion, hired and promoted several investment partners and reached new highs in exit success and investment pace – seeing nearly 50 new investments, 23 initial public offerings and portfolio company acquisitions across sectors.

“As our portfolio continues to grow and deliver strong returns, we are looking forward to partnering with the next group of founders who will change the status quo in consumer, healthcare and technology,” said Jon Kossow, NVP managing partner, in a news release.

A leading venture and growth equity investment firm, NVP has invested in more than 600 companies and partnered with 150+ companies since its inception.

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