The Wells Fargo-backed venture firm closed its third consecutive $1.2bn fund, after an 18-month period where it recorded 22 exits.
Norwest Venture Partners (NVP), the US-based venture capital firm that manages funds on behalf of financial services firm Wells Fargo, closed its 13th fund at $1.2bn yesterday.
Originally founded in 1961, NVP invests primarily in the US, with some deals in India and Israel, and from seed to late stage. The size of the fund is the same as the last two raised by the firm, in 2010 and 2014.
The fundraising comes on the heels of a busy…
