Norwest Venture Partners, a 65-year-old firm backed solely by Wells Fargo, has raised its 17th fund at $3 billion. That's a noteworthy number, given that The sixty-five year old firm closed the same size fund as it did in 2021.

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Norwest Venture Partners has raised $3B for its 17th fund, maintaining its fund size despite the market downturn. The firm focuses on growth equity, healthcare, and India.

Norwest Venture Partners raises $3B for 17th vehicle, maintaining fund size despite market downturn