Microsoft acquires CyberX

June 2020

Microsoft acquires CyberX to accelerate and secure customers’ IoT deployments.

BlueJeans entered to a...

Verizon acquires BlueJeans

April 2020

BlueJeans entered to an agreement to be acquired by Verizon, where BlueJeans will become part of the $30B Verizon Business team.


Visa to Acquire Plaid

January 2020

Visa announces that it has entered into an agreement to acquire Plaid, a network that makes it easy for people to securely connect their financial accounts to the apps they use to manage their financial lives.

F5 Networks...

F5 Acquires Shape Security

December 2019

F5 Networks announces that it has entered into an agreement to acquire Shape Security. A leader in fraud and abuse prevention, Shape adds protection from automated attacks, botnets, and targeted fraud to F5’s world-class portfolio of application services, protecting customers’ digital experiences.

Norwest announces...

Fund XV: $2 Billion

November 2019

Norwest announces Norwest Venture Partners XV, a $2 billion fund and our largest to date, bringing the firm to $9.5B in capital under management.

Shopify announces that...

Shopify to Acquire 6 River Systems

September 2019

Shopify announces that it has reached an agreement to acquire 6 River Systems Inc., a leading supplier of collaborative warehouse fulfillment solutions.


Health Catalyst IPO

August 2019

Health Catalyst (Nasdaq: HCAT), a leading provider of data and analytics technology and services to healthcare organizations, celebrates its initial public offering.

Cority acquired by Thoma Bravo

May 2019


Mist Systems Acquired

April 2019

Juniper Networks, an industry leader in automated, scalable and secure networks, announces that the company has entered into a definitive agreement to acquire Mist Systems, a pioneer in cloud-managed wireless networks powered by Artificial Intelligence (AI).


Silk Road Medical IPO

April 2019

Silk Road Medical (Nasdaq: SILK), a company focused on reducing the risk of stroke and its devastating impact, celebrates its initial public offering.


TRUSTID acquired by Neustar

January 2019

TRUSTID, the leading provider of caller authentication and fraud prevention systems for contact centers, is acquired by Neustar, a trusted, neutral provider of real-time information services.

LinkedIn has acquired...

Glint Joins LinkedIn

October 2018

LinkedIn has acquired Glint, a leader in employee engagement that helps people in organizations do their best work, develop their skills, and improve business results. Learn more.


Workday Acquires Adaptive Insights for $1.55B

June 2018

Workday, Inc. a leader in enterprise cloud applications for finance and human resources, signs a definitive agreement to acquire Adaptive Insights, a leading cloud-based platform for modernizing business planning, for approximately $1.55 billion.


Google to Acquire Velostrata

May 2018

Google announces that it has entered into an agreement to acquire Israel-based Velostrata, a leader in enterprise cloud migration technology.

Norwest announces...

Fund XIV: $1.5 Billion

February 2018

Norwest announces Norwest Venture Partners XIV, a $1.5 billion fund and our largest to date, bringing the firm to $7.5B in capital under management. The firm also announces the promotions of Jon Kossow to Managing Partner, and Lisa Wu to Partner.

Microsoft signs...

Avere Acquired by Microsoft

January 2018

Microsoft signs an agreement to acquire Avere Systems, a leading provider of high-performance NFS and SMB file-based storage for Linux and Windows clients running in cloud, hybrid and on-premise environments.

The Colgate-Palmolive...

PCA Skin Acquired by Colgate-Palmolive

December 2017

The Colgate-Palmolive Company announces that it has agreed to purchase PCA Skin, a leader in medical-grade in-office and take-home skin care products.

RealPage, Inc., a lead...

Rainmaker LRO Assets Acquired by RealPage

December 2017

RealPage, Inc., a leading global provider of software and data analytics to the real estate industry, announces the closing of its acquisition of the assets related to the Lease Rent Options (LRO) business from The Rainmaker Group.

ERT, a global data and...

iCardiac Acquired by ERT

December 2017

ERT, a global data and technology company that minimizes uncertainty and risk in clinical trials, announces it has acquired iCardiac Technologies, a leading provider of centralized cardiac safety and respiratory solutions that accelerate clinical research.


Fireglass Acquired by Symantec

July 2017

Symantec acquires Israel-based Fireglass, the leading agentless isolation solution that eliminates ransomware, malware and phishing threats in real-time.


Capsugel Acquired by Lonza

July 2017

Capsugel, a world leader in advanced oral dosage delivery technologies with a leading position in hard capsules, is acquired by Lonza.


ShotSpotter IPO

June 2017

ShotSpotter (Nasdaq:SSTI), a company that uses sensors and software to detect gunfire for law enforcement and security services, celebrates its initial public offering.


RetailMeNot Acquired by Harland Clarke

April 2017

RetailMeNot, a leading savings destination connecting consumers with retailers, restaurants and brands, both online and in-store is acquired by Harland Clarke.

Amobee, a subsidiary o...

Turn Acquired by Amobee

April 2017

Amobee, a subsidiary of Singtel, announces its acquisition of Turn, a leading provider of a global technology platform for marketers and agencies. The acquisition allows Amobee to offer marketers an independent, end-to-end advertising and data management platform across all channels, formats and devices.

Radware, a leading pro...

Seculert Acquired by Radware

January 2017

Radware, a leading provider of cyber security and application delivery solutions announces that it has acquired Seculert, a SaaS cloud-based provider of protection against enterprise network breach and data exfiltration.

StorageCraft announces...

Exablox Acquired by StorageCraft

January 2017

StorageCraft announces that it will acquire Exablox, provider of a cloud-managed, scale-out, object-based storage solution. The acquisition allows StorageCraft to address customers’ expanding data volumes and stringent uptime requirements.


Kendra Scott Design Recapitalized

December 2016

Leading fashion accessories brand Kendra Scott Design is recapitalized by Berkshire Partners.


Crossover Health Acquired by Gurnet Point Capital

December 2016

Crossover Health, a next-generation provider of employee healthcare that develops on-site and near-site health centers, announces its acquisition by Gurnet Point Capital. The partnership fuels the expansion of Crossover’s interactive, technology-enabled platform.


iRhythm IPO

October 2016

iRhythm (Nasdaq: IRTC), a leading digital health care company redefining the way cardiac arrhythmias are clinically diagnosed, celebrates its initial public offering.

Wal-Mart Stores, Inc....

Jet Acquired by Walmart

September 2016

Wal-Mart Stores, Inc. and Jet.com, Inc. announce they have entered into a definitive agreement for Walmart to acquire Jet for approximately $3 billion in cash. The deal positions Walmart for expanded e-commerce growth and customer reach.

Apigee, a provider of...

Apigee Acquired by Google

September 2016

Apigee, a provider of API management, enters into a definitive agreement to be acquired by Google. By adding Apigee’s solutions to Google cloud, Google customers will accelerate the transition toward cloud, mobile and digital interaction with customers and partners via APIs.

Oracle signs an...

Palerra Acquired by Oracle

September 2016

Oracle signs an agreement to acquire Palerra, extending Oracle Identity Cloud Service with an innovative Cloud Access Security Broker (CASB). Together, Oracle and Palerra help accelerate cloud adoption securely by providing comprehensive identity and security cloud services.

Clarus Commerce, a pio...

Clarus Commerce Acquired by Trivergance

March 2016

Clarus Commerce, a pioneer of pre-paid shipping and the cashback movement, is acquired by Trivergance to further scale the platform.

Cloud infrastructure-a...

Ravello Systems Acquired by Oracle

March 2016

Cloud infrastructure-as-a-Service (IaaS) company Ravello Systems is acquired by Oracle, joining in Oracle’s IaaS mission to allow customers to run any type of workload in the cloud.

Norwest announces...

Fund XIII: $1.2 Billion

January 2016

Norwest announces Norwest Venture Partners XIII, LP, its third consecutive $1.2B fund. Bringing the firm’s total capital to approximately $6 billion, the latest fund will allow Norwest to continue its pursuit of next generation early- to late-stage venture and growth equity investments across a wide range of sectors and geographies.

Pertino, a pioneer in...

Pertino Acquired by Cradlepoint

December 2015

Pertino, a pioneer in cloud-based networking for enterprises, is acquired by Cradlepoint, a leader in software-defined 4G LTE network solutions.

Misfit Wearables, an i...

Misfit Wearables Acquired by Fossil

December 2015

Misfit Wearables, an inventor and manufacturer of premium wearable computing products, is acquired by Fossil Group for $260 million.

Software-defined video...

Elemental Technologies Acquired by AWS

September 2015

Software-defined video processing solutions leader Elemental Technologies is acquired by Amazon Web Services for $296 million.


The Retail Equation Acquired by Appriss

August 2015

The Retail Equation, a leader in predictive analytics for retail businesses, is acquired by Appriss to strengthen its efforts in fighting fraud and mitigating risk.

Big data discovery lea...

1010data Acquired by Advance

August 2015

Big data discovery leader 1010data is acquired by Advance for $500 million.


ConteXtream Acquired by HP

May 2015

HP acquires software-defined networking startup ConteXtream.

Cyan Inc. (NYSE: CYNI)...

Cyan Acquired by Ciena

May 2015

Cyan Inc. (NYSE: CYNI), a leading provider of SDN, NFV, and packet-optical solutions for network operators, is acquired by Ciena (NYSE: CIEN).

Apigee® (Nasdaq: APIC...

Apigee IPO

April 2015

Apigee® (Nasdaq: APIC), developer of an intelligent API platform for digital business, celebrates its initial public offering.


deCarta Acquired by Uber

March 2015

Uber acquires deCarta, the leading independent location-based services (LBS) platform company.

SolarEdge Technologies...

SolarEdge IPO

March 2015

SolarEdge Technologies, Inc. (“SolarEdge”) (Nasdaq: SEDG), a global leader in PV inverters, power optimizers, and module-level monitoring services, celebrates its initial public offering.

AdChina, China’s...

Adchina Acquired by Alibaba

January 2015

AdChina, China’s largest independent digital advertising technology platform whose services and products are used by hundreds of digital marketing agencies, advertisers and companies, is acquired by Alibaba Group Holding Ltd. (NYSE: BABA).

true[X] media, a leadi...

true[X]media Acquired by 21st Century Fox


true[X] media, a leading video advertising company specializing in consumer engagement and on-demand marketing campaigns, is acquired by 21st Century Fox.

Norwest celebrates a...

A Big Year

December 2014

Norwest celebrates a landmark year with 11 notable liquidity events, the launch of our $1.2B fund, a new San Francisco office, and 23 companies joining the Norwest community.


Lending Club IPO

December 2014

Perseverance pays off. Norwest’s seed investment in Lending Club (NYSE: LC), the world’s largest online marketplace connecting borrowers and investors, translates to one of the top IPOs of 2014.


Snowman IPO

August 2014

Snowman Logistics Limited, an integrated temperature-controlled logistics service provider in India, goes public on the Bombay Stock Exchange and the National Stock Exchange of India.


Intersect ENT IPO

July 2014

Intersect ENT, Inc. (Nasdaq:XENT), a commercial drug-device company committed to improving the quality of life for patients with ear, nose and throat conditions, celebrates its initial public offering.

Hadoop-based adaptive...

Hadapt Acquired by Teradata

July 2014

Hadoop-based adaptive analytical platform company Hadapt is acquired by Teradata.


MobileIron IPO

June 2014

MobileIron (Nasdaq: MOBL), the leader in mobile enterprise security, celebrates its initial public offering.

High definition satell...

Skybox Imaging Acquired by Google

June 2014

High definition satellite imagery company Skybox Imaging is acquired by Google for $500 million.


Fund XII: $1.2 Billion

May 2014

Norwest announces Norwest Venture Partners XII, LP, a $1.2B fund targeting early to late-stage venture and growth equity investments, bringing the firm’s total capital and commitments to approximately $5 billion.

Leading technology pro...

Sabre Corporation's IPO

April 2014

Leading technology provider to the global travel and tourism industry Sabre Corporation (Nasdaq: SABR), celebrates its initial public offering.

Forbes names...

Midas List Hall of Fame

March 2014

Forbes names Promod Haque a “hall of fame investor” and Norwest is ranked #6 as a firm with the most exits over $200M in 2013.

Wearable device techno...

Basis Acquired by Intel

March 2014

Wearable device technologies company Basis is acquired by Intel.

Music intelligence pla...

The Echo Nest Acquired by Spotify

March 2014

Music intelligence platform company The Echo Nest is acquired by Spotify.

Personalized entertain...

Veveo Acquired by Rovi

February 2014

Personalized entertainment discovery solutions company Veveo is acquired by Rovi.


Passif, Morta Security & Shriram City Union Finance

January 2014

Apple acquires low-power wireless semiconductor company Passif, Palo Alto Networks acquires cybersecurity company Morta Security, and Norwest executes the partial sale of shares of India financial services company Shriram City Union Finance Ltd (NSE: SCUF).

Leading global managed...

Virtela Acquired by NTT

October 2013

Leading global managed and cloud-based network services company Virtela is acquired by NTT Communications for $525 million. Virtela was founded and incubated by Vab Goel, general partner, who also served as founding CEO and chairman. Promod Haque is a founding investor, having provided the initial funding to the company.

Fraud detection leader...

41st Parameter Acquired by Experian

October 2013

Fraud detection leader 41st Parameter is sold to Experian for $324 million.

Cyber security leader...

FireEye IPO

September 2013

Cyber security leader FireEye (Nasdaq: FEYE) celebrates one of the most successful initial public offerings in 2013, with Norwest as an early-stage investor.

Norwest is the lead in...

RetailMeNot IPO

July 2013

Norwest is the lead investor in the world’s largest digital coupon destination, RetailMeNot (Nasdaq: SALE), which has a successful initial public offering.

Israel-based storage m...

ScaleIO Acquired

June 2013

Israel-based storage management software company ScaleIO is acquired by EMC.

Cyan, a global supplie...

Cyan IPO

May 2013

Cyan, a global supplier of software-defined networking (SDN) solutions, opens for trading on the New York Stock Exchange (NYSE) under the ticker symbol “CYNI” after its initial public offering.

Norwest strengthens it...

New Managing Partners

January 2013

Norwest strengthens its leadership team with the promotions of Jeff Crowe and Matthew Howard to managing partner roles.

Travel search engine c...

An $1.8B Acquisition

November 2012

Travel search engine company KAYAK is acquired by Priceline for $1.8 billion.

Mobile banking solutio...

Clairmail Acquired

June 2012

Mobile banking solutions company Clairmail is acquired by Monitise.

Highly integrated powe...

Summit Micro Acquired

June 2012

Highly integrated power management solutions company Summit Microelectronics is acquired by Qualcomm.

Online advertising com...

Admeld Goes to Google

June 2011

Online advertising company Admeld is acquired by Google for $400 million.

Norwest celebrates its...

The Big 5-0


Norwest celebrates its 50th anniversary.

Mobile game publisher...

Gaming Companies in Play

November 2010

Mobile game publisher ngmoco Inc. is acquired by DeNA in November for approximately $400 million, and Playdom Inc., a leader in the online social gaming space, is acquired by The Walt Disney Company in August for approximately $764 million, a combined transaction value in excess of $1 billion.

Omneon, a leading prov...

Two Acquisitions

May 2010

Omneon, a leading provider of scalable media server and active storage systems, is acquired by Harmonic at a deal valued at approximately $306 million, while Jigsaw, a leading provider of business information and data services, is acquired by Salesforce.com for $142 million.

Cast Iron Systems, a S...

An Acquisition and an IPO

April 2010

Cast Iron Systems, a SaaS/cloud integration company is acquired by IBM, and Persistent Systems has a successful public offering on the Bombay Stock Exchange and National Stock Exchange of India (Norwest’s first direct investment in India).

Norwest revives its he...

Healthcare Team


Norwest revives its healthcare practice with an emphasis on growth equity and late- stage venture investments. Norwest hires two partners to spearhead this practice—Dr. Ryan Harris and Casper de Clercq.

Norwest begins investi...

Fund XI: $1.2 Billion

November 2009

Norwest begins investing out of its largest fund to date, Norwest Venture Partners XI (NVP XI), a $1.2 billion fund.

Norwest brings on...

Growth Equity Team


Norwest brings on Jon Kossow to focus more aggressively on growth equity opportunities. Jon was named a managing partner in 2018. He and General Partner Sonya Brown head up the growth equity practice at Norwest.

Norwest portfolio comp...

LifeSize Sold to Logitech

November 2009

Norwest portfolio company LifeSize Communications is sold to Logitech for $405 million. In 2016 LifeSize spins off from the company.

Qumranet, an enterpris...

Qumranet Acquired

September 2008

Qumranet, an enterprise software company offering a virtual infrastructure platform, is acquired by Red Hat.

Norwest benefits from...

Rackspace IPO

August 2008

Norwest benefits from Rackspace’s successful initial public offering as the largest venture investor in the company. Rackspace is one of the largest and only technology IPOs occurring this year.

Norwest adds a second...

Second India Location

March 2008

Norwest adds a second Indian subsidiary in Bengaluru, led by Mohan Kumar.

Norwest expands furthe...

New Israel Office

September 2008

Norwest expands further, establishing an advisory subsidiary in Herzliya, Israel, led by Dror Nahumi.

To diversify and inves...

To diversify and invest across...


To diversify and invest across multiple stages and sectors in India, Norwest establishes a day-to-day presence in the country via its NVP India advisory subsidiary in Mumbai, led by Niren Shah and Sohil Chand.

The firm raises Norwes...

Fund X: $650 Million

April 2006

The firm raises Norwest Venture Partners X (NVP X), a $650 million fund.

Norwest notches big ex...

Big Exits


Norwest notches big exits with Arbortext, Authentica, Corio, Open-Silicon, ShoreTel, Sidestep, Skystream, Veraz Networks and Website Pros.

Local area networking...

Airespace Acquired by Cisco

January 2005

Local area networking (“WLAN”) systems provider Airespace is acquired by Cisco Systems for $450 million in stock.

Norwest makes its firs...

First Investment in India

December 2005

Norwest makes its first investment in India, a growth equity investment in Persistent Systems, a leading offshore product development company based in Pune. The company would later go public on the Bombay Stock Exchange and the National Stock Exchange of India.


#1 on the Midas List

February 2004

Promod Haque ranks #1 on the 2004 Forbes Midas List as a top dealmaker.

Norwest portfolio comp...

Spinnaker Networks

February 2004

Norwest portfolio company Spinnaker Networks, a Pittsburgh-based seller of network-attached storage servers, is acquired by Network Appliance Inc. for $300 million.


LifeSize Communications

May 2003

Norwest’s Vab Goel incubates Austin-based KMV Technologies, later called LifeSize Communications, a pioneer in videoconferencing technology. LifeSize is acquired by Logitech in 2009 and spins off from them in 2016.

Winphoria Networks, a...

Winphoria Networks Acquired

April 2003

Winphoria Networks, a mobile data networking company, is sold to Motorola for $179 million.



November 2002

Norwest’s Matthew Howard makes a significant investment in Airespace, a wireless local area networking (WLAN) systems pioneer.

SaaS emerges as a form...

Emergence of SaaS Sector


SaaS emerges as a formidable infrastructure sector with Norwest’s investments in Cast Iron Systems and AmberPoint. Both companies are ultimately acquired by tech giants IBM and Oracle, respectively.

Norwest’s consistent...

Fund IX: $411 Million


Norwest’s consistent returns over the previous decade helps the firm launch its largest fund to date in 2001—Norwest Venture Partners IX (NVP IX), a $411 million fund.

Israel-based Accord Ne...

Accord Networks


Israel-based Accord Networks, a voice and video company, goes public and is later sold to Polycom for $339 million.

Norwest’s invest...



Norwest’s investment in Quantum Effect Devices (QED), an embedded microprocessor company, results in a successful IPO. Norwest eventually realizes $122 million on its investment of $5.2 million in QED, a multiple of 23.5.c




Virtela, a virtual private network company, is funded and co-founded by General Partner Vab Goel.

Norwest raises an addi...

Fund VIII: $300 Million


Norwest raises an additional $300 million fund, Norwest Venture Partners VIII (NVP VIII), just two years after its previous fund launched.

Norwest makes a $7.2 m...

2000Broadband Access Systems

September 2000

Norwest makes a $7.2 million investment in Broadband Access Systems, a provider of highly integrated switching, broadband access and telephony systems for cable companies and carriers. A year later, ADC Telecommunications acquires Broadband for $2.2 billion.

Norwest invests $3.5 m...

Siara Systems


Norwest invests $3.5 million in Siara Systems. Kleiner Perkins and Norwest later agree to merge Siara Systems with Redback Networks, a $4.3 billion transaction that in 1999 created one of the most powerful suppliers in the communications industry. Norwest’s investment in Siara Systems resulted in a 104 times return for the firm.

Norwest backs Michael...



Norwest backs Michael Hatfield, co-founder and early CEO of optical equipment maker Cerent, investing $11.8 million. Just 16 months later, Cisco Systems acquires Cerent for $7.2 billion in what was believed to be the highest price ever paid for a closely held technology company. Cerent delivers returns of nearly $1.5 billion to Norwest, representing a multiple of 125.0 times the firm’s initial investment.

Norwest raises a brand...

Fund VII: $325 Million


Norwest raises a brand-new $325 million fund just one year later—Norwest Venture Partners VII (NVP VII), after a series of significant venture exits. Promod Haque transitions into a managing general partner role and joins George Still in leading and expanding the firm.

Norwest Venture Capita...

New Name, New $300 Million Fund


Norwest Venture Capital becomes Norwest Venture Partners (NVP), with George Still as managing general partner, launching Norwest Venture Partners VI (NVP VI), a $300 million fund.

Norwest moves its head...

Downtown Palo Alto


Norwest moves its headquarters to downtown Palo Alto, CA – where it remains today.

The convergence of voi...

Telecomm Wins


The convergence of voice and data puts telecommunications at center stage with key NVC investments and exits. Brooks Fiber Properties goes public in 1996, and is acquired by MCI WorldCom in 1998 for $3.4 billion. Polycom results in a successful IPO in 1996. Brocade goes public in May of 1999, creating more than $313.5 million in returns for Norwest, a multiple of 46.0 times its original investment.


Extreme Networks


Promod Haque leads a seminal investment in Extreme Networks. Extreme, an enterprise networking solutions provider, was exceptionally successful, and with the help of a white-hot IPO market, delivered returns to NVC of more than $700 million, representing a multiple of 95.0 times its initial investment.

George Still and Norwe...



George Still and Norwest associate Darin Brannan develop the initial business plan for web hosting company Verio, which was incubated in the firm’s West Coast office in 1996. At Verio’s IPO in May 1998 at a $1.2 billion valuation, Verio had acquired 46 ISPs and was ultimately sold in 1999 to NTT DoComo for $5.5 billion cash.

Promod Haque makes his...

Big Wins


Promod Haque makes his mark on such investments as Tivoli Systems (public in 1995; acquired by IBM in 1996) and Forte Software (public in 1996; acquired by Sun Microsystems in 1999), generating returns of 32.0 and 23.0 times the firm’s initial investment, respectively.

The firm launches Norw...

Fund V: $300 Million


The firm launches Norwest Equity Partners V, LP, a $300 million fund.

Norwest completes a le...



Norwest completes a leveraged buyout of Transaction Systems Architects (TSA, now ACI Worldwide), an electronic payment systems company. TSA goes public in 1995. Norwest would eventually realize $132 million on an investment of $8.6 million, a multiple of 15.4.

Norwest continues its...

Software Streak


Norwest continues its successful software streak, with investments in, and later exits from, Documentum, Vantive, and Xylan Coporation.