541 0 Kommentare Norwest Venture Partners Expands Presence With New Investment Team Hire and Office in San Francisco - Seite 2

"In addition to welcoming Sean to Norwest and continuing to grow our investment team, we are excited to expand our presence in San Francisco. Many of our investments over the last 12 months were made in companies based in San Francisco, and we have a lot of momentum with our activity in the city," said Jeff Crowe, managing partner, Norwest. "The San Francisco entrepreneurial ecosystem is thriving, and we see an ongoing proliferation of exciting companies in the city. Our San Francisco office is a natural extension of these trends."

"Norwest knows what it takes to build businesses and the team possesses a true passion for helping founders create great companies, even during the toughest of times," said Sean Jacobsohn, principal at Norwest Venture Partners. "With more than 50 years of investment success, Norwest continues to prove its ongoing leadership and versatility. I'm excited to leverage the firm's diverse platform to help maintain Norwest's strong track record and add to its investments in top quality entrepreneurs and companies."

New Fund and Liquidity Momentum
In May of this year, the firm announced the formation of its latest fund, Norwest Venture Partners XII, LP, bringing Norwest's total capital and commitments to approximately $5 billion. The new fund closed on the heels of a record exit year for Norwest in 2013.

The firm's liquidity momentum has continued in 2014 as more than 10 of Norwest's portfolio companies have achieved liquidity success to date, including four IPOs in the past six months -- Sabre Corporation (NASDAQ: SABR); MobileIron (NASDAQ: MOBL); Intersect ENT (NASDAQ: XENT) and Snowman Logistics (NSE: SNOWMAN). These initial public offerings, in addition to the acquisition of high definition satellite imagery company Skybox Imaging by Google, the sale of music intelligence platform company The Echo Nest to Spotify, the acquisition of wearable device technologies company Basis by Intel, the sale of personalized entertainment discovery solutions company Veveo to Rovi and the acquisition of Hadoop-based adaptive analytical platform company Hadapt by Teradata, have resulted in a combined transaction value of more than $6 billion.

About Norwest Venture Partners
Norwest Venture Partners (NVP) is a global, multi-stage venture and growth equity investment firm that has partnered with entrepreneurs to build great businesses for more than 50 years. The firm manages approximately $5 billion in capital and has funded more than 550 companies since inception. Headquartered in Palo Alto, Calif., NVP has subsidiaries in Mumbai and Bengaluru, India, and Herzelia, Israel. NVP makes early to late-stage venture and growth equity investments across a wide range of sectors including: technology, information services, business services, financial services, consumer products/services and healthcare. For more information visit: www.nvp.com. Follow NVP on Twitter @NorwestVP.