norwest venture partners

  • Prosper’s chief product officer just joined Norwest as a partner

    Prosper’s chief product officer just joined Norwest as a partner

    Norwest Venture Partners, the 56-year-old, Palo Alto, Ca.-based venture firm that counts banking giant Wells Fargo as its single institutional investor, has just brought aboard Parker Barrile as a partner. Barrile most recently was chief product officer at the fintech marketplace Prosper; before that, he spent five years at LinkedIn, where he was a VP of product. Because Norwest… Read More

  • Online real estate service OpenDoor raises $210M Series D despite risky financing model

    Online real estate service OpenDoor raises $210M Series D despite risky financing model

    This afternoon, Norwest Venture Partners announced that it led a massive $210 million Series D investment round in OpenDoor. With the new capital, the startup is looking to expand the usage of its marketplace platform for buying and selling real estate to 10 cities. OpenDoor is unique in that it owns its own inventory of homes. While the predictive analytics the company employs to project… Read More

  • Zenoti raises $15 million for spa bookings

    Zenoti raises $15 million for spa bookings

    The spa industry is in need of a technology makeover and Zenoti thinks it can help. The Seattle-based startup is raising $15 million in a round led by Norwest Venture Partners to help salons run their businesses. A cloud-based management platform, Zenoti helps spa chains with everything from billing to inventory management. They aim to create a tailored enterprise software experience for what… Read More

  • Underrepresented founders, apply for Include office hours with Lerer and Norwest Venture Partners

    Underrepresented founders, apply for Include office hours with Lerer and Norwest Venture Partners

    TechCrunch Include Office Hours are happening this July!  In New York, Taylor Green from Lerer Ventures and in San Francisco, Sergio Monsalve and Ed Yip of Norwest Venture Partners will join TechCrunch to provide valuable advice and feedback to startups. Launched in 2014, Include is TechCrunch’s diversity program, aimed at facilitating opportunities for underrepresented groups in… Read More

  • U.S. venture capital firms just gathered up the most money they’ve raised in a decade

    U.S. venture capital firms just gathered up the most money they’ve raised in a decade

    Many in Silicon Valley may be worrying more and more about how to transform their startup stakes into cold, hard cash. But that’s not stopping institutional investors from writing out some very big checks to venture capital firms. Somewhat astonishingly, U.S. firms just closed on more capital commitments than they have since the second quarter of 2006, according to new data from the… Read More

  • Who Lives And Dies In A Down Economy

    Who Lives And Dies In A Down Economy

    The Bay Area is well-acquainted with boom and bust cycles, and while it’s too soon to declare that the tech economy has turned, recruiters see early indicators that it’s happening. Indeed, a handful of job placement executives confirms what recent headlines about layoffs already imply: The market is softening for numerous sectors of the startup world, as well as at publicly… Read More

  • Stealth Cybersecurity Startup Fireglass Grabs $20M In Series A

    Stealth Cybersecurity Startup Fireglass Grabs $20M In Series A

    As more and more companies fall victim to security breaches and substantial (and embarrassing) data leaks, cybersecurity startups seem to be profiting at their expense. Cybersecurity companies helping companies not get caught with their pants down raised over $3.3 billion in 2015. The latest firm to join the cash grab is Fireglass, a stealth company that is looking to announce its first… Read More

  • Norwest Raises Third Consecutive $1.2 Billion Fund in Five Years

    Norwest Raises Third Consecutive $1.2 Billion Fund in Five Years

    Norwest Venture Partners, the 55-year-old, Palo Alto, Calif.-based venture firm, has closed its third consecutive $1.2 billion fund. The group, which employs 20 investors altogether, raised the same amount in 2014, as well as in 2010. If Norwest’s single limited partner – the banking giant Wells Fargo – likes what it sees, it’s easy to see why. Read More

  • More Money For India’s On-Demand Economy: Swiggy Raises $35M For Food Delivery

    More Money For India’s On-Demand Economy: Swiggy Raises $35M For Food Delivery

    India has a big appetite for on-demand startups at the moment, and today one of the hopefuls in the food category has raised some money to supersize its business. Swiggy, a restaurant delivery startup that claims to be the largest in India after passing Rocket Internet-backed Foodpanda last month, has raised $35 million in a Series C round. The funding, which brings the total raised up to… Read More