The Wells Fargo-backed venture firm has closed its largest ever fund, having secured $1.5bn to invest from seed to late stage.
Norwest Venture Partners (NVP), the US-based venture capital firm sponsored by financial services firm Wells Fargo, closed its largest ever fund at $1.5bn yesterday.
NVP was originally founded as a VC affiliate of financial services provider Norwest Corporation, before the latter merged with Wells Fargo in 1998. The merged bank has been its sole external investor since then, something that appears to be continuing in the latest fundraise.
Norwest Venture Partners XIV will invest from seed to late stage in…
