# Norwest Announces $4 Billion 18th Fund, Bringing Capital Under Management to $18 Billion

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/55540
Published: 2026-11-12T15:05:42.000Z
Updated: 2026-11-12T15:05:42.000Z
Section: Business

> 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.