What Happened
Venture Capital Firm Expands Technology and Healthcare Focus
Norwest has announced a $4 billion venture and growth equity fund, with AI among its stated investment priorities. The fund, Norwest 18, brings the firm’s total capital under management to $18 billion and extends its global, multi-stage strategy across technology, healthcare, and consumer companies. Norwest sees opportunities in financial infrastructure, physical systems, AI-enabled patient care, and industrial and aerospace systems, among other areas. The fund was announced by Unite.AI.