New York: Norwest Venture Partners raised a $1.2 billion (around Rs5,550 crore) venture-capital fund, the biggest to be completed this year, to expand in Israel and India while broadening the range of companies it backs.
The fund, Norwest’s 11th since its founding almost 50 years ago, will give the firm more money to fund larger companies, managing partner Promod Haque said in an interview.