Norwest Venture Partners

KKR Invests in Healthcare Revenue Solutions Provider Infinx

Retrieved on: 
Dienstag, Mai 21, 2024
Professional Services, Data Management, Technology, Other Technology, Finance, Software, Cloud, Partnership, Rothschild & Co, Patient, RCM, MYOB, Hospital, Automation, Organization, Health, Investment, Cloudera, Ness Digital Engineering, KKR, Growth, Acquisition, Jaideep, Norwest Venture Partners, Max Healthcare, Multimedia, JB

KKR, a leading global investment firm, and Infinx Services Private Limited (“Infinx” or the 'Company'), an AI-driven healthcare revenue cycle solutions provider, today announced the acquisition of a significant minority stake in Infinx by a KKR-managed fund.

Key Points: 
  • KKR, a leading global investment firm, and Infinx Services Private Limited (“Infinx” or the 'Company'), an AI-driven healthcare revenue cycle solutions provider, today announced the acquisition of a significant minority stake in Infinx by a KKR-managed fund.
  • View the full release here: https://www.businesswire.com/news/home/20240520027338/en/
    Co-founded in 2012 by Sandeep Tandon and Jaideep Tandon, Infinx is a provider of innovative, data-driven revenue cycle management solutions for the healthcare sector, with a particular focus on the US market.
  • Infinx’s Healthcare Revenue Cloud platform supports end-to-end revenue cycle business functions utilizing AI, automation, payer integration, and workforce management.
  • Infinx counts over 400 leading healthcare provider organizations as customers including hospitals, health systems and outpatient healthcare providers.

Zenas BioPharma Announces Upsized $200 Million Series C Financing to Advance Mid- and Late-Stage Immunology-Focused Clinical Development Programs

Retrieved on: 
Dienstag, Mai 7, 2024
Inflammation, NEA, Science, CD19, Patient, Pivotal, Coombs test, B cell, Wellington Management Company, Health, Norwest Venture Partners, I&I, Sclerosis, Multiple sclerosis, Pharmaceutical industry

WALTHAM, Mass., May 07, 2024 (GLOBE NEWSWIRE) -- Zenas BioPharma, a global biopharmaceutical company committed to becoming a leader in the development and commercialization of inflammation and immunology-directed therapies, today announced the closing of an upsized $200 million Series C preferred stock financing. The financing round was led by SR One along with NEA, Norwest Venture Partners, and Delos Capital with significant participation from Enavate Sciences and Longitude Capital. Additional new investors, the Federated Hermes Kaufmann Funds, and Arrowmark Partners, along with existing investors, Fairmount, Wellington Management, Rock Springs Capital, Pivotal bioVenture Partners, Vivo Capital, Quan Venture Fund, and Superstring Capital participated in the financing. In conjunction with the financing, Jake Nunn, venture partner at SR One, and Tim Xiao, Partner at Delos Capital, joined Zenas’ Board of Directors.

Key Points: 
  • The financing round was led by SR One along with NEA, Norwest Venture Partners, and Delos Capital with significant participation from Enavate Sciences and Longitude Capital.
  • In conjunction with the financing, Jake Nunn, venture partner at SR One, and Tim Xiao, Partner at Delos Capital, joined Zenas’ Board of Directors.
  • “Their commitment to Zenas is a testament to our vision to be a global leader in bringing innovative immunology-based therapies to patients around the world.
  • “At SR One, we invest in companies like Zenas whose science has the potential to rewrite the medical textbooks and meaningfully transform patient care.

Nectero Medical Announces Completion of $96M Series D Financing

Retrieved on: 
Donnerstag, April 11, 2024
Research, Medical Devices, Surgery, FDA, Clinical Trials, Biotechnology, General Health, Pharmaceutical, Health, Science, Aphelion, Collagen, PGG, Phase, Investment, Safety, NDA, Food, AAA, Elastin, Patient, Boston Scientific, Medicine, General partnership, Venture round, Norwest Venture Partners, Breakthrough therapy, Medical device

Nectero Medical, a clinical-stage biotechnology company pioneering novel therapies to treat aneurysmal disease, today announced the closing of its $96 million Series D financing round.

Key Points: 
  • Nectero Medical, a clinical-stage biotechnology company pioneering novel therapies to treat aneurysmal disease, today announced the closing of its $96 million Series D financing round.
  • Upon completion of the Series D financing, Dr. Zack Scott, of Norwest Venture Partners, and Dr. Alan Davis, of BioStar Capital, have joined the Nectero Medical Board of Directors.
  • In January 2024, Nectero Medical initiated a Phase II/III clinical trial (stAAAble) to investigate the safety and efficacy of the Nectero EAST System in patients with infrarenal abdominal aortic aneurysms (AAAs), maximum diameter 3.5 – 5.0cm.
  • “We are honored and excited to be the lead investor in the Series D financing to fund the efforts necessary to bring the Nectero EAST System to market,” said Dr. Zack Scott, General Partner, Norwest Venture Partners.

Norwest Announces $3 Billion Global Fund to Partner with the Next Generation of Enduring Companies

Retrieved on: 
Donnerstag, April 25, 2024
Cloud, Sentinel, Salesforce, CFO, Consumer, Vertos Medical, Investment, Tenable, Health care, Neighborly, NVP, IPO, Acquisition, Medicine, Blue Cloud Abbey, Norwest Venture Partners, Health, Management

MENLO PARK, Calif., April 25, 2024 /PRNewswire/ -- Norwest Venture Partners, a global venture capital and growth equity investment firm, today announced it has closed a $3 billion fund, NVP XVII, LP (NVP 17). The new fund enables the Norwest team to continue partnering with visionary entrepreneurs and teams building the next generation of enduring companies. Following NVP 16, also a $3 billion fund, NVP 17 now brings the firm's total capital under management to $15.5 billion.

Key Points: 
  • The new fund enables the Norwest team to continue partnering with visionary entrepreneurs and teams building the next generation of enduring companies.
  • Following NVP 16, also a $3 billion fund, NVP 17 now brings the firm's total capital under management to $15.5 billion.
  • "For more than six decades, we have been fortunate to partner with an incredible set of companies," said Jeff Crowe, senior managing partner at Norwest.
  • "Our experienced team helps portfolio companies navigate hyper-growth phases and challenging economic environments," said Jon Kossow, managing partner at Norwest.

Ediphi Announces Initial Agreement with DPR Construction for their Cloud-based Preconstruction Solution

Retrieved on: 
Dienstag, April 16, 2024
Commercial, Software, Communication, Partnership, Research, Benchmarking, DPR, Advanced technology, Higher education, GMP, DPR Construction, Norwest Venture Partners, Cryptocurrency

BOSTON, April 16, 2024 /PRNewswire/ -- Ediphi , the most comprehensive cloud-based estimating solution on the market, today announced an initial agreement with DPR Construction .

Key Points: 
  • BOSTON, April 16, 2024 /PRNewswire/ -- Ediphi , the most comprehensive cloud-based estimating solution on the market, today announced an initial agreement with DPR Construction .
  • The initial implementation will attempt to move members of DPR's preconstruction teams from legacy desktop-based estimating software into the cloud.
  • "After extensive evaluation, including over three years of research and pilot programs among leading estimating tools, Ediphi stands out for its robust, cloud-based approach to the preconstruction life cycle," said Alan Watt, a preconstruction technology leader at DPR Construction.
  • This partnership with DPR Construction is a strong validation that our solution can solve these chronic hurdles."

SpryPoint Appoints Seasoned Software Industry Leader Michael Hill as Chief Revenue Officer

Retrieved on: 
Montag, April 15, 2024
Norwest Venture Partners, Growth, Software as a service

CHARLOTTETOWN, PE, April 15, 2024 /PRNewswire-PRWeb/ -- SpryPoint, a leading enterprise software-as-a-service (SaaS) provider to Utilities across North America, proudly announces the appointment of Michael Hill as the company's first Chief Revenue Officer. With a proven track record of driving revenue growth and building high-performance teams, Michael's addition to the executive leadership team signifies SpryPoint's continued commitment to accelerating its market presence and delivering exceptional value for our clients.

Key Points: 
  • CHARLOTTETOWN, PE, April 15, 2024 /PRNewswire-PRWeb/ -- SpryPoint, a leading enterprise software-as-a-service (SaaS) provider to Utilities across North America, proudly announces the appointment of Michael Hill as the company's first Chief Revenue Officer.
  • "We are thrilled to welcome Michael to the SpryPoint team," said Kyle Strang, CEO of SpryPoint.
  • Mr. Hill's appointment reinforces the company's strategic focus on revenue growth, optimization and client-centric initiatives, further solidifying its position as leader in this market.
  • "We are thrilled to welcome Michael to the SpryPoint team," said Kyle Strang, CEO of SpryPoint.

Elise Smith and Heather Shen of Praxis Labs Make Inc.'s 2024 Female Founders List

Retrieved on: 
Dienstag, April 9, 2024
Organization, Norwest Venture Partners, Female, CPO, Rihanna, Emerson Collective, Woman, Investment, Creativity, Accenture, Aspen Institute, Elise, Inc., Management

LOS ANGELES, April 9, 2024 /PRNewswire/ -- Inc. today announced its seventh annual Female Founders list, honoring a bold group of 250 women whose innovations are shaping the world. Elise Smith, Co-founder and CEO, and Heather Shen, Co-founder and CPO, of Praxis Labs, the leading immersive practice-based platform that drives more inclusive, engaged, & higher-performing teams, are among the select women chosen for this honor.

Key Points: 
  • Elise Smith, Co-founder and CEO, and Heather Shen, Co-founder and CPO, of Praxis Labs , the leading immersive practice-based platform that drives more inclusive, engaged, & higher-performing teams, are among the select women chosen for this honor.
  • Elise and Heather's understanding of today's business landscape and commitment to redefining leadership have positioned Praxis Labs as an essential solution for leading organizations.
  • Female Founders List amongst women who are ushering in a new era of leadership, innovation, and creativity," said Elise Smith, Co-founder and Chief Executive Officer of Praxis Labs.
  • Heather Shen, Co-founder and Chief Product Officer, added "Our mission at Praxis Labs has always been about taking action and empowering leaders to make an impact through technology."

Engrail Therapeutics Closes Oversubscribed $157M Series B Financing Round to Advance the Development of Transformational Therapies

Retrieved on: 
Dienstag, März 19, 2024
Science, Neurology, Biotechnology, Research, Pharmaceutical, Health, Mental Health, Clinical Trials, Depression, Growth, Norwest Venture Partners, Patient, Capital, Acute stress disorder, Anxiety, Series, Pharmaceutical industry

Engrail Therapeutics™ (Engrail) (the Company), a precision neuroscience company focused on the development of transformational therapies to improve the lives of patients, today announced the close of an oversubscribed $157 million Series B financing round.

Key Points: 
  • Engrail Therapeutics™ (Engrail) (the Company), a precision neuroscience company focused on the development of transformational therapies to improve the lives of patients, today announced the close of an oversubscribed $157 million Series B financing round.
  • Funding from the Series B round will propel the advancement of the Company’s pipeline through multiple stages of clinical development.
  • “Engrail was fortunate to have been incubated under a tremendous commitment from Pivotal Life Sciences.
  • We have assembled a strong Series B syndicate that positions the organization well for significant growth and pipeline advancement.”

Summit Partners Announces Promotions and Additions to Global Investment Team

Retrieved on: 
Dienstag, März 19, 2024
Banking, Asset Management, Professional Services, Finance, Bank of America, Digital marketing, Partner, Culture, Hanyin County, UBS, Norwest Venture Partners, Digital, QAD, George Washington University, Software Advice, Telecommunications, Bank, Software, Harvard Business School, Health care, Master of Science, HEC, MBA, Marketing, Babson College, Advertising, Summit Partners, Gartner, Economics, Lever, Hautes Études Commerciales

Summit Partners, a leading alternative investment firm, today announced the promotion of three professionals and the addition of one new Principal across the firm’s global offices.

Key Points: 
  • Summit Partners, a leading alternative investment firm, today announced the promotion of three professionals and the addition of one new Principal across the firm’s global offices.
  • “We are very pleased to recognize the performance of these three colleagues with well-earned promotions,” said Peter Chung , Managing Director and Chief Executive Officer of Summit Partners.
  • Prior to Summit, Hanyin worked on the Technology, Media and Telecommunications Group at UBS Investment Bank.
  • Prior to Summit, Cody was a partner at Lever & Dial, an investment and advisory firm dedicated to helping growth companies scale with world-class marketing.

Ediphi Announces $12 Million Series A Funding From Norwest Venture Partners to Expand Team and Enhance Cloud-based Estimating Solution for Preconstruction

Retrieved on: 
Donnerstag, März 21, 2024
Research, Autodesk, Norwest Venture Partners, Construction, Devan

BOSTON, March 21, 2024 /PRNewswire/ -- Ediphi , the most advanced cloud-based estimating solution on the market, today announced it has raised $12 million in Series A funding, led by Norwest Venture Partners .

Key Points: 
  • BOSTON, March 21, 2024 /PRNewswire/ -- Ediphi , the most advanced cloud-based estimating solution on the market, today announced it has raised $12 million in Series A funding, led by Norwest Venture Partners .
  • The financing will be used to expand its team, invest in product innovation through research and development, and grow its market share within the industry.
  • This funding comes on the heels of a $6.5 million seed funding round that Ediphi closed in November 2023, led by Suffolk Technologies.
  • DeVan is joined by CTO Michael Navarro, a 20-year veteran of preconstruction and operations, and the chief architect behind the Ediphi platform.