Norwest Venture Partners Raises $1.2 Billion

Norwest Venture Partners is a technology venture capital firm that is based in Silicon Valley, California. Norwest has invested early in many technology companies such as Kayak, Arbortext, Rackspace, MyYearbook, Playdom, Sulekha.com, Ngmoco, and Yatra.com. The company raised a new round of funding at $1.2 billion. This is the eleventh fund raised in the history of the firm and is the largest. The new round of funding will be used for international expansion. Norwest already has offices in India and Israel. The company has invested in Chinese companies as well.