Norwest Venture Partners (a global venture capital and growth equity investment firm) announced six promotions across its Leadership and Investment teams. The promotions will further bolster the firm’s ability to partner with early-to late-stage companies across the US, India, and Israel enterprise, consumer, and healthcare sectors.
Ran Ding was promoted to General Partner and Co-Head of the Growth Equity team. As General Partner and Co-Head of the Growth Equity team, Ding will continue to play a critical role in driving the firm’s growth equity investment practice alongside Managing Partner Jon Kossow and General Partner Sonya Brown. Since joining Norwest in 2011, Ding has been instrumental in the success of the firm’s strategies in the software, compliance technology, and data analytics investment sectors. During his tenure, Ding helped generate numerous successful exits, including Avetta (partial recap by Welsh Carson), Cority (partial recap by Thoma Bravo), Envisage (acquired by Vector Solutions), Galvanize (acquired by Diligent), Infutor (acquired by Verisk) and YipitData (partial recap by Carlyle). Today, he is actively involved with leading companies such as AbsenceSoft, Banyan Software, Cority, Elite Business Ventures, GeoComply, SpryPoint, supplier.io, Velocity Global, Vector Solutions and YipitData.
Matthew De Dominicis was promoted to Administrative Partner and CFO. As Administrative Partner and CFO, De Dominicis will now oversee Norwest’s HR, IT, Facilities and Data Science teams, in addition to his existing leadership of the firm’s Finance, Tax and Operations functions globally. Since joining as Partner and CFO in 2016, De Dominicis has been a key player in the firm’s fundraising efforts, in addition to building a world-class operations function and serving as a trusted advisor to finance leaders in the portfolio.
Promotions to Principal
Nikhil Kookada joined Norwest in 2018 and is a key leader of the India team who actively manages investments in 10 portfolio companies. As a seasoned investor, his domain expertise in financial services, fintech, insurance, and B2B has led to investments in companies like OfBusiness, Vastu Housing, and Mintifi. He was also closely involved in the 2022 Initial Public Offering of Five Star Finance.
Ankit Prasad joined Norwest in 2018 and became an instrumental leader and versatile investor, operating across the firm’s Venture and Growth Equity teams. And he has helped spearhead the firm’s deep work in consumer tech, SaaS, and logistics tech sectors, resulting in investments in companies like XpressBees and Amagi. He is also closely involved in managing Norwest’s investment in Swiggy.
Promotions to Vice President
Krish Kapadia, who joined Norwest in 2019, made invaluable contributions to the firm’s thesis-building efforts in the technology, consumer and manufacturing sectors. He helps manage the firm’s investments in portfolio companies including Culinary Brands, Infinx and Sila.
Jordan Leites joined Norwest in 2020 and helped drive the firm’s fintech, AI, and application layer venture investments. He has been an integral member of multiple deal teams and works closely with several portfolio companies including Butter, Pequity and Xembly.
KEY QUOTE:
“We are incredibly proud to recognize these exceptional individuals for their commitment and contributions to the success of the portfolio. Each promotion is reflective of the global mindset and collaborative spirit that are the cornerstones of our investment strategy and firm culture.”
- Jeff Crowe, Senior Managing Partner at Norwest
