Norwest Venture Partners

Our healthcare investors Irem Rami and Sam Lesser discuss the unique challenges and opportunities associated with value-based care initiatives ??

If you know a chronic migraine sufferer, you know how miserable and disruptive the condition is. ShiraTronics, Inc. is developing a promising therapy to treat it, and we’re proud to lead their Series B. Physicians and researchers have learned a lot about how migraine attacks work in recent years, and ShiraTronics used that knowledge to build the world’s first fully implantable neuromodulation system for chronic migraine sufferers. It’s already demonstrated positive results in dramatically reducing the number and severity of patients’ migraine attacks, which can be a game-changer for their quality of life. Early clinical trial data shows that ShiraTronics’ solution avoids the complications of off-label treatments while maintaining a high level of efficacy. It can also create major savings for the healthcare system over time by replacing a lifetime of expensive drug therapy with a one-time procedure. Our healthcare team has deep experience in neuromodulation and bringing medical devices to market, so we’re ready to partner with the ShiraTronics team and take this to the next level. Zack Scott, Ehi Akhirome and Susana Wilson Hawken explain more about ShiraTronics’ therapy and what’s next for the company: https://lnkd.in/grBHcN64

Not sure which type of executive coach is best for you? Here’s a quick guide from senior startup leadership coach Bryan Bayer and cofounder of Neuberg Gore: ?? Business Therapy Coach – Mental health and wellness focus ?? Former Operator Coach – Expertise for tricky situations ?? Startup Leadership Coach – Flexible structure for dynamic environments Before deciding Bryan advises meeting with 2-3 coaches, and to index toward the person who delivered the most value upfront. Read more guidance in his blog: https://lnkd.in/gEaZNjwz What else would you add?

Thanks for having me back for the San Francisco Data Summit last week Neudata! I love any chance to talk about alternative data and how firms can use it to support deal origination and due diligence. Not to mention, our lineup of speakers was top-tier with Tiago Caruso, Claire Saint-Donat, Le Michael Song, and Amanda Markert Block moderating the conversation.

“Value-based care can help lower costs and improve outcomes for patients, providers and payers alike. This is a unique moment to innovate a better healthcare system for all stakeholders and explore new approaches.” Today in MobiHealthNews, our Principal Irem Rami and Investor Sam Lesser outline three big innovation opportunities to accelerate value-based adoption while keeping costs in check. (Our portfolio companies like Monogram Health are doing exactly that!) Read more on their perspective: https://nvp.co/3N8Zfme

Our portfolio company Science Exchange, a leading provider of life sciences procurement and supplier management SaaS solutions, announced its acquisition by Waud Capital Partners.? This acquisition marks a significant milestone in Science Exchange’s journey and will compound the company’s impressive performance, growth trajectory, and software capabilities. Since 2017, we’ve been proud to back Science Exchange co-founders, CEO Elizabeth Iorns and COO Dan Knox, on their journey to disrupt the $140 billion R&D market. Partnering with Waud Capital will enable the company to accelerate its mission to transform the purchasing and supplier orchestration landscape for life sciences organizations. ? We look forward to seeing all that Elizabeth, Dan, and the team continue to do in this next chapter. https://lnkd.in/g8kDZRCh

We’re thrilled to lead the Series A investment in xtype.io! xtype is helping thousands of companies realize the full potential of their ServiceNow environments by streamlining multi-instance management. Because ServiceNow is always adding new capabilities, customers have to track lots of changes across all their instances. For many, it’s getting harder to manage. xtype’s platform eases this complexity by simplifying multi-instance management in ServiceNow environments. Users say they: ? are more productive, ? release new features and versions faster with higher quality, and? ? have fewer IT project backlogs One customer reported savings of $2M a year in labor alone. In short, xtype helps its customers get full value from the ServiceNow platform – and that customer base is growing. We’re glad to have ServiceNow Ventures, Columbia Capital, and Inner Loop Capital join us in this investment. More from Dave Zilberman and Yoni Braun on why we’re excited to partner with xtype and bring value to the dynamic ServiceNow ecosystem: https://lnkd.in/eQ72VcBU

We're thrilled to celebrate not one, but two of our partners, Jon Kossow and Ran Ding, for being named to GrowthCap's Top Software Investors of 2024 list! As Managing Partner and Co-Head of our Growth Equity team, Jon has been pivotal in steering our firm through numerous successful investments and exits. His work with Avetta is a prime example, where he nurtured a 12-year relationship that resulted in the company's revenue growing nearly 20x and earnings by over 100x before its acquisition by EQT Group in April of this year. As General Partner and Co-Head of the Growth Equity team, Ran’s leadership has been instrumental in building our robust portfolio. He played a key role in guiding AbsenceSoft through management transitions and scaling their operations, preparing them for their recent acquisition by Luminate Capital last month. This recognition from GrowthCap is a testament to their hard work and remarkable achievements. We are incredibly proud to have them lead our Growth Equity team! Here’s to continued success. ?? https://lnkd.in/eCJfmTAK?

We love staying plugged into the latest insights ??, and now we want to hear from you. What are your favorite podcasts that fuel the founder journey? Drop your top recommendations in the comments! Plus, we’ve got some gems to share featuring voices from our firm and portfolio companies. Check out the comments for our episode recommendations ??

It’s investors like Scott Beechuk that exemplify our “invited guest” approach – giving founders what they need, when they need it. As Sean Whiteley from our portfolio company Qualified puts it: whether it’s insight into what’s happening in the industry or “therapy” sessions, Scott (just like the rest of our team) provides more than just financial investment. At Norwest, our team of experts have been where you as founders are, and we’re ready to roll up our sleeves with you, on your terms. Tune into the full episode to learn more about our approach with founders through the lens of Scott’s and Sean’s relationship: https://lnkd.in/ghd54hHA?