Jeremy Hitchcock’s Post

Discover how Grwth Club's new €5.8M Grwth Ventures fund is reshaping Seed and Series A investments in sustainable consumer tech. #VentureCapital #SustainableGrowth GRWTH Club.

Norwest Venture Partners Announces $3 Billion Fund to Drive Innovation Across Key Sectors Exciting news from Norwest Venture Partners! The firm has recently closed a $3 billion fund, NVP XVII, LP (NVP 17), marking another significant milestone in their journey of fostering #innovation and #growth. With this new fund, Norwest continues to support visionary #entrepreneurs and teams dedicated to building the next generation of enduring companies in the #enterprise, #consumer, and #healthcare sectors. With a rich history that dates back to 1961, Norwest has consistently adapted to market conditions, supporting #founders and #CEOs throughout their #entrepreneurialjourney. This new fund follows NVP 16, maintaining its robust #capitalmanagement which now totals $15.5 billion. Global Impact and Strategic Investments: Norwest's global presence and diversified investment strategy have facilitated dynamic growth across varied geographies, including significant markets like #NorthAmerica, #India, and #Israel. The firm has a strong track record in #healthcare, recently expanding its focus to include #biotech, which complements its investments in #healthcareservices, #medicaldevices, and #diagnostics. Recent Successes and Forward Momentum: Since their last fund, Norwest has made 69 new investments and witnessed 36 liquidity events, demonstrating their adeptness at navigating and succeeding in the #venturecapital landscape. Noteworthy exits include the #IPO of #FiveStarFinance and the acquisition of Spiff (Acquired by Salesforce) by Salesforce, showcasing Norwest's ability to identify and cultivate high-potential ventures. Leadership and Vision for the Future: The firm is led by Jeff Crowe and Jon Kossow, with Promod Haque transitioning to a general partner role to continue his impactful work in a new capacity. The addition of fresh talents across their investment and portfolio services teams positions Norwest to further their legacy of innovation and success. For anyone interested in the intersection of venture capital and innovation, Norwest Venture Partners' latest activities are a testament to their commitment to shaping the future of #technology, #consumermarkets, and #healthcare. #VentureCapital #Innovation #StartupFunding #HealthcareInnovation #NorwestVP

A new dedicated fund and brand , Wellington Assets Ventures (WAV) has raised $150 million for its debut, with the backing of limited partners including state pension plans and banks. This is very exciting news for diverse fund managers who continue to grow asset portfolios with limited partners to invest in underfunded companies of founders of color. The venture capital is a very segregated market and most funds have not been allocated to support founders who have already invested their own money and can’t grow their businesses due to lack of funding . We appreciate that these fund managers of color can create a legitimate opportunity to draw a thesis that target those limited partners as investors to go along with supporting black founders with equity investments… #civiceducation , #civicengagement , #economicempowerment , #blackfounders , #underrepresented https://lnkd.in/eKrSfGCh

I’ve been in the startup world for over a decade now. I’ve built my own companies, helped other entrepreneurs bring their ideas to life, and mentored countless founders getting off the ground. Everyone knows it takes courage and a thick skin to take the leap, but one thing people often overlook is that once you’ve mustered all the courage to give it a go, you then have to find investors who believe in you and your vision so much that they are willing to put their money (and their reputations) on the line to give you a shot at making your dream a reality. Pre-seed and seed investing is a totally different game. There’s no product let alone product-market fit to lean on, no revenue to ramp up, and no established go-to-market strategy to drive adoption and growth. How do you even go about placing bets on ideas this early? In my opinion, the best earliest stage investors have been in the trenches themselves. They’ve built and scaled products and businesses, attracted and hired all sorts of talented people, and developed the instinct to identify when opportunity and timing cross paths with talent and execution. On top of that, they have a well-earned ability to attract other top-notch investors. When we set out to build Polymer we had a big vision and not much else beyond an early prototype. We were lucky to connect with the team at Oceans straight out of Entrepreneurs Roundtable Accelerator. They could see our vision and were as excited about it as we were. We got to know everyone on the team and grew to appreciate and value each partners’ trench-based superpowers. We have come a long way from those early conversations in 2019, but at every step, we’ve been able to lean on the Oceans team for guidance and support. I can say confidently they are the best team in the business and I’m excited for them to close their new fund so they can invest in many, many more companies. If you are building something big and looking for someone who will have your back from day one, make sure to reach out. Congratulations Steven Rosenblatt Joshua Rahn Brian Lew Sara Barek Glenn Handler!

Norwest Venture Partners is breaking records as it raises $3 billion for his 17th vehicle! Norwest Venture Partners is making headlines once again as they raise a staggering $3 billion for their 17th fund, maintaining their fund size despite the current market downturn. Founded 65 years ago and backed solely by Wells Fargo, #Norwest Venture Partners has been a powerhouse in the #VC space. With a legacy of success and innovation, Norwest is led by senior managing partner Jeff Crowe, who has played a pivotal role in the firm's growth and impact. Backed solely by Wells Fargo, Norwest's latest fundraise of $3 billion is a testament to their continued strength and resilience in the face of market challenges. Despite the downturn, Norwest remains committed to staying competitive in the dealmaking environment, focusing on growth equity, healthcare, and investments in regions like India. Norwest's diversified approach sets them apart, allowing them to navigate market fluctuations with agility and foresight. Operating globally with investments in North America, India, and Israel, Norwest's multi-strategy fund encompasses early-stage and growth equity businesses, with a recent addition of a biotech team to enhance their healthcare practice. The article on TechCrunch in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/s541W   - Substack: https://lnkd.in/dzfGJzmW

At this point - everyone knows my bias around people We started Oceans because we saw a big gap in the support Founders needed from their partners beyond the check. We felt like we had a unique opportunity to change the game given our own backgrounds as Operators in the hard day to day decisions and the desire and genuine love in the grind of building something great. Being a founder is hard. It gets easier when you surround yourself with world class talent that raises your bar. Founders should view their investors as value add - and ideally choose who they want at their table. My goal in my conversations with Founders is to be their best (and most fun) investor conversation of their day. The one where they can be open and honest. The one where we talk about THEM and THEIR TEAMS - not just their valuation and raise details. The one where we both talk about our own strengths and areas of development and what makes them a unique team to solve the problem they are aiming to solve. And hopefully they ask the same of me - what makes Oceans the right partner for them - because these conversations - at this stage especially - should be a two-way conversation. And now it looks like I will be having many more of those If you are a great Founder looking to build a stellar team, knowing your current deck will be outdated in a few months but the team is what will remain the same and why you will win - reach out. Lets go!!!!!!!!!!!!! Steven Rosenblatt, Joshua Rahn, Sara Barek, Brian Lew, Sasha Levyn

“Most accredited investors don’t realize that they can access the best private market venture opportunities – those led by Andreessen Horowitz, Union Square Ventures, Coatue, etc. - through VC syndicates.” See more on a recent post from my LMI partner Zachary Ginsburg below: The supply/demand imbalance in the venture capital syndicate ecosystem is substantial. Most accredited investors don’t realize that they can access to the best private market venture opportunities – those led by Andreesen Horowitz, Union Square Ventures, Coatue, etc. - through VC syndicates. And these VC Syndicate General Partners are often incredible – one of the first syndicates I ever backed was Joey Krug's in 2018, who is now a Partner at Founders Fund. Another was Bryan Rosenblatt's, who is now a Partner at Craft Ventures. And there are so many others. One of the first deals I did in my first year as an investor in other GP syndicates was a seed round for a fintech company, which today is valued at approx. $8B and while the VC asset class is risky, my story isn’t that unique. Despite this access, we syndicate GPs fairly often have more allocation than we can fill within our LP bases.

Big news from Index Ventures! We’ve raised $2.3bn in new funds—an $800m venture fund and a $1.5 billion growth fund. Across nearly three decades of investing, this latest announcement is possible because of a strong foundation built by exceptional entrepreneurs, incredible LPs, and a team of investors, strategists, and operators all deeply committed to our craft. 108 Index-backed companies have reached a valuation of $1 billion or more, 23 have surpassed a $10 billion valuation, and 57 became publicly traded companies. I look forward to seeing what the next generation of entrepreneurs will create. I can only imagine it will be even better than what I can envision today :) https://lnkd.in/gDxiN8ig

Riding the Next Bull Run: What to Expect in Investments from Ventures A lot of folks are thinking it'll play out like the last one, but things might shake out differently. In the last round, some cool projects didn't really launch their big stuff before the market took a nosedive. And we couldn’t predict exactly when the market hits its high or low. Now, as we gear up for the next round, it's prime time for both the projects that survived the turbulence and the ventures. - Ventures will channel their focus towards exceptional projects within their portfolio that have not only weathered the storms but have also diligently built a robust community. Armed with both financial resources and influence, these ventures aim to amplify their impact on these projects and companies. - There's a fresh wave of investment heading to the projects that stand out in the crowd. If you're a latecomer, proving what makes you different and why you're a big deal is key to scoring funds. Remember, luck is just being ready for whatever life throws your way. And, no two cycles are the same! As this industry is evolving, people are getting smarter. Remember that!