Norwest Ventures, Senior Managing Partner
Promod has 25 years of experience in the venture capital industry and currently serves as senior managing partner at Norwest Venture Partners. Promod joined Norwest in 1990, and has invested in more than 70 companies since he began his venture career. His investments have been worth more than $40B in aggregate exit value to date, as 25 of his portfolio companies have gone public and 37 have been acquired (or have gone public and been acquired). In 2014 and 2016, Forbes recognized Promod as a “Hall of Fame” investor. 2016 marked Promod’s twelfth appearance on the annual Forbes Midas List, including 2004, when he was ranked the #1 venture capitalist based on performance over the previous decade. In 2006, Promod was presented with a Global Leadership award from NASSCOM, and he was honored with the 2011 SV Forum Visionary Award based on his outstanding achievements and contributions to the technology industry.
Recent liquidity events in Promod’s portfolio include cyber security leader FireEye (Nasdaq: FEYE); Skybox Imaging, a commercial high-resolution satellite imagery, high-definition video and analytics services company that was acquired by Google for $500 million; and API management leader Apigee (Nasdaq: APIC), which celebrated its initial public offering in April 2015. In addition, NTT Communications acquired Virtela for a total transaction price of $525 million. Promod was the founding investor and Chairman of the Board of Virtela, which is a company that Norwest incubated.