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Norwest Venture Partners maintains momentum by promoting four

23 Jan 2013

Promod Haque Norwest Venture PartnersGlobal growth investor Norwest Venture Partners has made four promotions as it looks to continue momentum from a busy 2012.

Matthew Howard and Jeff Crowe have been made managing partners, Sonya Brown a general partner and Promod Haque, pictured, a senior managing partner.

Current managing partner George Still also made the switch to partner emeritus after almost 25 years with the firm.

Haque said, “Today’s promotions recognize the deep talent and strong contributions our partners have made to our firm and our portfolio companies.

“Jeff and Matt have delivered outstanding results to NVP over the years and earned the respect of the entrepreneurs and investors with whom they’ve worked.

“They have both played an integral role in building NVP globally and adding significantly to our firm’s culture and overall success.”

He added, “Sonya has been a tremendous asset to our growth equity team and a strong contributor to our firm.”

The NVP growth equity team has expanded to 13 US-based investment professionals in the past year, as well as investing $250m across seven new companies.

NVP made a total of 30 new venture and growth investments globally in 2012, with the firm growing to 80 employees and bringing its portfolio companies to more than 100.

Last week NVP made an $11m Series D investment in Indian medical technology company Perfint Healthcare.

The business said it would use the funding to help commercialise its medical image processing and robotics programmes, develop new ultrasound products and grow in the US, China and Japanese markets.

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