CONNECT WITH US
Funding Tracker

Funding Tracker

Norwest closes $4 Bn global fund, takes AUM to $18 Bn

Entrackr logo

Published on

Add as a preferred source on Google
Norwest closes $4 Bn global fund, takes AUM to $18 Bn

Global investment firm Norwest has closed its latest fund, Norwest 18, at $4 billion, the largest fundraise in the firm's 65-year history. The close takes its total assets under management (AUM) to $18 billion.

The fund will support venture capital and growth equity investments across the technology, healthcare and consumer sectors in the US, India and Israel. Norwest's portfolio includes companies such as Babylist, Gong, Monogram Health, OfBusiness, VAST Data, Vuori and YipitData.

Since launching its previous fund, Norwest 17, in April 2024, the firm has made more than 87 investments. It has also supported over 30 portfolio companies in achieving liquidity events through public listings and strategic acquisitions.

Companies from its portfolio that went public during this period include India's Amagi Media Labs and Swiggy, along with BillionToOne, MBX Biosciences and Omada Health. Several portfolio companies were also acquired, including Avetta by EQT, AbsenceSoft by Luminate Capital Partners, Ouro Medicines by Gilead Sciences, Qualified by Salesforce, tvScientific by Pinterest and Veza by ServiceNow.

Norwest is expanding its investment focus into areas such as next-generation financial infrastructure, physical and voice AI, agentic cybersecurity, technology-enabled industrial and aerospace businesses, and healthcare AI.

Its recent investments in financial infrastructure include Beltic, Rain and Stablecore, while Coval, Generalist AI and LlamaIndex are among its investments in AI systems and agentic technologies.

In cybersecurity, the firm has backed Above Security, ORION Security, Red Access and Zenity. Its investments in industrial and aerospace businesses include East Range Group, Padmini VNA, JJG Aerospace and Raghu Vamsi Aerospace Group.


Source link
Related Topics:Funding Tracker

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.