Norwest Closes $3 Billion Fund to Empower Visionary Leaders

Boston – December 16, 2021 – Cooley advised Norwest Venture Partners on the closing of a $3 billion fund, Norwest Venture Partners XVI, which brings its total capital under management to $12.5 billion. Partners Nicole Peppe and Paul Roberts led the Cooley team advising Norwest, a venture capital and growth equity investment firm.

The new fund will target innovative companies with transformational businesses, empowering its portfolio leaders with the resources and connections to enhance their growth and create sustainable value. Norwest will continue to employ a multi-stage, multi-sector approach to investing in leadership teams capable of building paradigm-shifting businesses across the consumer, enterprise and healthcare sectors.

“We are excited to formalize our dedication to backing companies that also care about environmental and social sustainability with the introduction of an ESG policy in parallel with our continued commitment to diversity, equity and inclusion,” Sonya Brown, general partner of Norwest, said in a news release. “We have long invested in companies capable of driving lasting change and will continue to do so with our new fund.”

Since its inception, Norwest has invested in more than 650 companies, and it currently partners with more than 200 companies in its venture and growth equity portfolio. The firm offers a deep network of connections, operating experience and a wide range of impactful services to help CEOs and founders scale their businesses.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 1,500 lawyers across 17 offices in the United States, Asia and Europe.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.