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Investor profile

Norwest Venture Partners

Investment firm · Founded 1961 · Active in 2026

Norwest Venture Partners is an investment firm based in USA, founded in 1961. The page below shows 73 Power Law outcomes from Norwest Venture Partners's portfolio — 64 unicorns ($1B+ valuation) and 6 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).

Outcomes are concentrated in Fintech · Other · Other B2B Software; top portfolio geographies are USA · India · Canada. Norwest Venture ranks #85 in Global in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.

73 Power Law outcomes Power Law Ranking #85 · Global · 73 Power Law outcomes · Active 2026
Unicorns ↑ 33% 5y
64
Decacorns ↑ 33% 5y
4
Thoroughbreds ↑ 100% 5y
57
01 · Exits

Norwest Venture’s biggest exits.

Norwest Venture portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

$18.0B IPO · 2020
Entered Series B+Now $4.7B
$12.0B IPO · 2024
Entered Series B+Now $8.4B
IPO · 2010
Entered Series ANow $10.6B
IPO · 2003
Entered Series B+Now $6.0B
IPO · 2013
Entered Series ANow $4.2B
IPO · 2016
Entered Series B+Now $4.0B
$4.0B IPO · 2025
Entered Series B+Now $3.6B
$3.7B IPO · 2021
Entered Series B+Now $327M
IPO · 2015
Entered Series B+Now $3.7B
IPO · 1999
Entered Series ANow $3.4B
$3.0B buyout · 2024
Entered Series B+
$45M IPO · 2022
Entered Series B+Now $3.0B
$1.7B IPO · 2022
Entered Series B+Now $2.6B
$2.0B acquisition · 2026
Entered Series B+
$1.6B acquisition · 2018
Entered Series B+
$1.5B IPO · 2021
Entered Series B+Now $90M
$1.4B IPO · 2026
Entered Series B+Now $1.4B
$1.4B IPO · 2021
Entered Series B+Now $787M
$1.3B IPO · 2019
Entered Series B+Now $157M
$1.2B IPO · 2019
Entered Series B+Now $1.1B
$1.1B acquisition · 2021
Entered Series A
IPO · 2014
Entered Series B+Now $1.1B
$1.0B acquisition · 2026
Entered Series B+
$1.0B acquisition · 2021
Entered Series B+
02 · Estimated holdings

Norwest Venture’s selected top holdings.

An estimate of Norwest Venture’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 15 companies where Norwest Venture is a named shareholder, worth about $6.0B in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 Vast DataEnterprise Software · Decacorn 6% $30.0B $1.8B
  2. 2 VuoriFashion · Unicorn 22.5% $5.5B $1.2B
  3. 3 GongMarketing · Unicorn 10% $7.2B $725M
  4. 4 HarnessEnterprise Software · Unicorn 7% $5.5B $385M
  5. 5 HoneyBookFintech · Unicorn 16% $2.4B $384M
  6. 6 ICON TechnologyReal Estate · Unicorn 14.8% $1.8B $269M
  7. 7 4.5% $5.0B $225M
  8. 8 12.5% $1.5B $188M
  9. 9 12% $1.1B $134M
  10. 10 8.5% $1.5B $128M
  11. 11 10% $1.2B $120M
  12. 12 12% $1.0B $120M

Showing the 12 largest of 15 disclosed direct holdings.

6 companies hidden on this public profile. Estimated value = Norwest Venture’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Norwest Venture also appears inside investor groups in Workato, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

+3 more $1B+ exits on the full Dealroom profile.

03 · Portfolio analysis

The 73 Norwest Venture Power Law outcomes ($100M+ revenue or $1B+ valuation).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. USA59
  2. India11
  3. Canada1
  4. China1
  5. Israel1
By sectorCount
  1. Fintech16
  2. Other9
  3. Other B2B Software9
  4. Marketing8
  5. Cybersecurity7
  6. eCommerce & Marketplaces6
  7. AI5
  8. Biotech & Life Sciences5
  9. Health Tech & Medtech4
  10. Transportation1
  11. Edtech1
  12. Robotics1
By stage enteredCount
  1. Series B+53
  2. Series A16
  3. Seed2
04 · Portfolio market map

Norwest Venture's 73 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
73 of 73 Power Law outcomes
05 · Power Law comparison

How does Norwest Venture stack up?

Norwest Venture in orange, your selection in blue and other colours. Pick from the global roster of 35 peer investors — scope by startup location or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of unicorns minted in the selected startup location — peaks reveal vintage years.

Compare against

Share of new unicorns per year

% of global unicorns minted that year, year by year · hover the chart to see which unicorns

Stage focus

Companies by entry stage and outcome tier

Sector focus

Companies per investor across the 10 highest-volume sectors
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.
06 · Portfolio founders

Where Norwest Venture's portfolio founders come from — and where they studied.

160 founders across the 73 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Stanford University and Microsoft are the deepest single pipelines.

LocationCount
India64
United States52
Israel16
Italy3
Russia2
Nepal1
France1
Greece1
Brazil1
Canada1
+2 more →
UniversityCount
Stanford University12
Tel Aviv University7
Indian School of Business6
Indian Institute of Technology, Delhi5
Indian Institute of Technology, Madras4
Ravenshaw College4
Indian Institute of Technology Kharagpur4
Birla Institute of Technology and Science, Pilani3
Indian Institute of Management Ahmedabad3
Stony Brook University3
+68 more →
Origin companyCount
Microsoft17
Alphabet | Google8
Amazon4
Snapdeal3
PubMatic3
Salesforce3
eBay3
OfBusiness3
SimilarWeb3
Abra2
+71 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company.

Market sentiment

What the market is saying about Norwest Venture Partners

An AI-synthesized read of the highest-engagement posts about Norwest Venture on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

In the news

Latest news about Norwest Venture Partners

Recent press, funding announcements, and portfolio moves mentioning Norwest Venture — pulled live from Dealroom's news feed.

See all news

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