Norwest Venture Partners, a firm solely backed by Wells Fargo, has raised $3 billion for its 17th fund. This is the same amount it raised in December 2021, during the peak of the venture boom. While the investment rate in venture and certain sectors has slowed down, dealmaking in growth equity, healthcare, and India remains robust. The firm's diversified approach allows it to adjust its strategy when the market changes, giving it flexibility to react faster to changes.
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