Healthcare

Empower
healthcare
innovation

ELISE SMITH
Founder and CEO, Praxis Labs
Seed investment in 2021

VIJAY MENON
Founder & CEO, Butter Payments
Series A investment in 2022

Healthcare

Empower
healthcare
innovation

ELIZABETH IORNS
CEO & Founder, Science Exchange
Series C investment in 2017

MURTHY SIMHAMBHATLA
President & CEO, SetPoint Medical
Preferred financing investment in 2023

Our Approach

Norwest Venture Partners is a diversified, global, multi-stage investment firm that manages $15.5 billion in capital and has funded more than 700 companies since inception. Our healthcare team is focused on early to mid-stage venture capital and growth equity investments across a wide range of healthcare verticals such as biotech, medical devices and diagnostics, healthcare services, healthcare software and tech-enabled services.

AT A GLANCE:

Venture Capital

We seek out development and early commercial stage companies across therapeutic, medical device and early to mid-stage venture opportunities across healthcare technology and services sectors. We invest from $1M in seed-stage up to $50 million in later-stage companies with strong growth potential, exceptional management teams, proven and innovative business models or initial revenue traction.

Growth Equity

We typically invest between $30 million and $150 million in each transaction. We partner with fast-growing companies with strong market positions, proven management teams, significant revenue and net income traction.

Value Add

We collaborate closely with our management teams on key operational and strategic issues to collectively drive increased shareholder value. We help our portfolio companies with: reimbursement, regulatory issues, business development, sales, M&A, product development, market expansion, recruiting and marketing.

Life
Sciences

Biotech

Novel therapies for the treatment of human diseases, including small molecules, biologics, and cell/gene therapies. Preclinical to clinical-stage companies treating rare and common diseases.

Medical Devices
& Diagnostics

Medical devices, implantables, diagnostics, and tools used to treat disease and improve health. Pre FDA approval to commercial stage MedTech companies across disease states.

Healthcare Services
& Technology

Services

Primary and specialty care providers, value-based care enablement, managed care organizations, and services for Life Sciences companies including contract research and manufacturing.