Norwest Raises $4 Billion for Its Largest Fund as It Targets More AI Investments
Norwest, backed solely by Wells Fargo, has raised $4 billion for its eighteenth and largest fund. The multi-stage investment firm plans to invest across sectors and countries while increasing its focus on AI.
- Raised
- $4 billion
- Investor
- 1
- Investors
- Wells Fargo
- Target market
- Companies across sectors in the United States, India, and Israel
- Use of funds
- Investing across sectors and multiple countries, notably the United States, India, and Israel, with increased investment in AI
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Quick Answers
What is the latest news about Norwest?
Norwest, backed solely by Wells Fargo, has raised $4 billion for its eighteenth and largest fund. The multi-stage investment firm plans to invest across sectors and countries while increasing its focus on AI.
What does Norwest do?
Norwest is a 65-year-old multi-stage investment firm whose portfolio has included Plaid, Spotify, Uber, and Vuori.
How much did Norwest raise?
Norwest raised $4 billion.
Who invested in Norwest?
Investors named in this round include Wells Fargo.
How will Norwest use the funding?
Norwest plans to use the money for investing across sectors and multiple countries, notably the United States, India, and Israel, with increased investment in AI.