India, April 25 -- Venture capital (VC) fund Norwest Venture Partners on Thursday (April 25) announced the close of its 17th fund at $3 Bn.

Called NVP 17, the multi-stage fund will invest in startups across sectors such as enterprise tech, consumer and healthcare in three focus markets - India, Israel, and the US.

"The new fund enables the Norwest team to continue partnering with visionary entrepreneurs and teams building the next generation of enduring companies," the investment firm said in a statement.

Commenting on the development, Norwest senior managing partner Jeff Crowe said, "For more than six decades, we have been fortunate to partner with an incredible set of companies. Our diversified investment strategy, long-term commitme...