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Promod Haque

Senior Managing Partner

Promod has 25 years of experience in the venture capital industry and currently serves as senior managing partner at Norwest Venture Partners. Promod joined Norwest in 1990, and has invested in more than 70 companies since he began his venture career. His investments have been worth more than $40B in aggregate exit value to date, as 25 of his portfolio companies have gone public and 37 have been acquired (or have gone public and been acquired). In 2014 and 2016, Forbes recognized Promod as a “Hall of Fame” investor. 2017 marked Promod’s thirteenth appearance on the annual Forbes Midas List, including 2004, when he was ranked the #1 venture capitalist based on performance over the previous decade. In 2006, Promod was presented with a Global Leadership award from NASSCOM, and he was honored with the 2011 SV Forum Visionary Award based on his outstanding achievements and contributions to the technology industry.

Recent liquidity events in Promod’s portfolio include API management leader Apigee (acquired by Google; Nasdaq: APIC); cyber security leader FireEye (Nasdaq: FEYE); Skybox Imaging, a commercial high-resolution satellite imagery, high-definition video and analytics services company that was acquired by Google for $500 million; and cloud security leader Palerra, which was acquired by Oracle.  In addition, NTT Communications acquired Virtela for a total transaction price of $525 million. Promod was the founding investor and Chairman of the Board of Virtela, which is a company that Norwest incubated.

Promod focuses on investments across a wide variety of sectors including systems and IT infrastructure, healthcare IT, software and services. His current investments include Appnomic Systems, Brite Semiconductor, CareCloud, CognitiveScale, Dtex Systems, Health Catalyst, PCH International, Prevedere, Shape Security, Simpplr, SlashNext, and Sulekha.

He was an early investor and a board member of FireEye (Nasdaq: FEYE), Cerent (acquired by Cisco), Cast Iron Systems (acquired by IBM), Cyan (NYSE:CYNI), Siara Systems (acquired by Redback Networks), OnDisplay (acquired by Vignette), Winphoria Networks (acquired by Motorola) and Extreme Networks (Nasdaq: EXTR). Other notable investments and previous board seats include Skybox Imaging (acquired by Google), Tivoli Systems (acquired by IBM), Forte Software (acquired by Sun Microsystems), Kiva Software (acquired by Netscape), InsightsOne (acquired by Apigee), Information Advantage (acquired by Sterling Software), Arbortext (acquired by PTC), Open-Silicon (acquired by Unicorn Investment Bank), Resonext Communications (acquired by RF Micro Devices), Showcase (acquired by SPSS), Yipes (acquired by Reliance/Flag Telecom), AmberPoint (acquired by Oracle), Veveo (acquired by Rovi), Yatra (acquired by Terrain 3) and ZettaCom (acquired by IDT).

Prior to Norwest Venture Partners, Promod spent 18 years in various operational roles ranging from product development, marketing, Chief Operating Officer and Chief Executive Officer at various public and private companies including Siemens International, Thorn EMI, Emergent Technologies and Dimensional Medicine, Inc.

He received a bachelor of science degree in electrical engineering from the University of Delhi, India. He holds a Ph.D. in electrical engineering from Northwestern University and an MBA from Northwestern’s Kellogg Graduate School of Management, where he serves on the advisory board. 

Alumni Companies

acta logo
Acquired by Business Objects
Acta Technology
amberpoint logo
Acquired by Oracle
AmberPoint
apigee logo
Acquired by Google; Nasdaq: APIC
Apigee
arbortext logo
Acquired by PTC
Arbortext
cast iron systems
Acquired by IBM
Cast Iron Systems
cerent logo
Acquired by Cisco Systems
Cerent Corporation
corsair communications logo
Acquired by Lightbridge
Corsair Communications
cyan logo
Acquired by Ciena; NYSE: CYNI
Cyan Optics
escalate logo
Acquired by GERS
Escalate
extreme networks logo
Nasdaq: EXTR
Extreme Networks
Nasdaq: FEYE
FireEye
forte logo
Acquired by Sun Microsystems
Forte Software
information advantage logo
Acquired by Sterling Software
Information Advantage
insights one logo
Acquired by Apigee
InsightsOne
kiva software logo
Acquired by Netscape
Kiva Software Corporation
nve corporation logo
Nasdaq: NVEC
NVE Corporation
on display logo
Acquired by Vignette
OnDisplay
opensilicon logo
Acq. by Unicorn Inv. Bank
Open-Silicon
palerra logo
Acquired by Oracle
Palerra
pcom logo
Nasdaq: PCOM
P-Com
persistent logo
NSE: PERSISTEN.NS
Persistent Systems
primus logo
Acq. by Art Technology Group
Primus Knowledge Solutions
redback logo
Acquired by Ericsson
Redback Networks
resonext logo
Acquired by RF Micro Devices
Resonext Communications
shoretel logo
Nasdaq: SHOR
ShoreTel
showcase logo
Acquired by SPSS
Showcase Corporation
siarasystems logo
Acquired by Redback Networks
Siara Systems
Acquired by Google
Skybox Imaging
Acquired by IBM
SPSS
tivoli logo
Acquired by IBM
Tivoli
veveo logo
Acquired by Rovi
Veveo
vertela logo
Acquired by NTT Comm.
Virtela Communications
webstacks logo
Acquired by Extreme Networks
WebStacks
winphoria logo
Acquired by Motorola
Winphoria Networks
yatra dot com logo
Acquired by Terrain 3
Yatra
yipes logo
Acq. by Reliance Telecom
Yipes
zettacom logo
Acquired by IDT
ZettaCom

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