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Add as a preferred source on GoogleNorwest Announces $4 Billion 18th Fund, Bringing Capital Under Management to $18 Billion
The fund will prioritize early-stage artificial intelligence startups while also pursuing sectors other investors often overlook. Norwest raised $3 billion for its previous fund in 2024.
Norwest announced Norwest 18, its $4 billion 18th fund, on Nov. 12, bringing the firm's total capital under management to $18 billion and topping its $3 billion 2024 fund.
The Wells Fargo-backed investment firm will prioritize early-stage artificial intelligence (AI) startups while also considering sectors other investors often overlook.
Norwest has been in business for 65 years. Its past investments include Uber Technologies and Spotify Technology.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.