Norwest Venture Partners
Norwest Venture Partners is a global technology venture capital firm founded in 1961 and based in California. It invests across venture and growth stages in the United States, India, Israel, and other markets, targeting software, cloud and IT infrastructure, information services, enterprise software and services, financial services, consumer products and healthcare. The firm backs entrepreneurs with capital plus an extensive network and operating experience to help scale their businesses. Since its inception it has backed hundreds of companies and manages a multi-billion-dollar portfolio, deploying capital in seed to growth rounds and across sectors that drive technology-enabled growth. Norwest emphasizes building lasting relationships with founders and mentoring teams through strategic guidance and market access to accelerate expansion and scale globally.
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Past deals in Construction
BuildVision
Series A in 2025
BuildVision is a company that specializes in construction procurement solutions. It has developed a platform aimed at automating repetitive tasks and enhancing communications within the construction industry. The platform includes features such as a comprehensive tracking tool, a partner network for sourcing materials and equipment, and real-time cost analysis and budget monitoring. By facilitating more efficient procurement processes, BuildVision helps businesses streamline operations, reduce costs, and improve overall efficiency in managing construction projects. The company's focus on data-driven insights and collaboration with suppliers further strengthens its position in the market.
ICON
Series C in 2025
ICON is a construction technologies company that focuses on revolutionizing homebuilding through the use of 3D printing, robotics, software, and advanced materials. The company specializes in constructing single-story, mid-size homes, particularly in developing countries, allowing for faster and more cost-effective building compared to traditional methods. By leveraging innovative technologies, ICON aims to address the housing needs of underserved communities, streamlining the construction process for engineers and builders alike.
Ummeed Housing Finance
Series F in 2024
Ummeed Housing Finance Private Limited is a housing finance company based in Gurugram, India, established in 2016. The company specializes in providing home loans and loans against property specifically tailored for lower and middle-income families in India, many of whom have limited access to organized financial services. By focusing on customers with informal incomes, Ummeed Housing Finance aims to bridge the gap in affordable housing finance. Its services include home loans, loans for construction, home renovation, and insurance options, all designed to enhance operational efficiency and reduce turnaround times. The company leverages technology to deliver personalized and accessible financial solutions, thereby supporting the aspirations of low and middle-income households in securing affordable housing.
ediphi
Series A in 2024
Ediphi is a developer of a cloud-based estimating software designed to enhance preconstruction processes and facilitate informed decision-making. The platform centralizes procurement and specializes in both conceptual and detailed cost estimating, providing clients with a comprehensive understanding of project costs and financial viability. By offering contextual insights and various options for cost exploration, Ediphi enables users to navigate the complexities of project planning efficiently, from the initial ideation phase to the commencement of construction.
xpedeon
Series A in 2022
Xpedeon is a software company that specializes in providing integrated solutions tailored for the construction industry. By collaborating with major players in the sector, Xpedeon has developed an enterprise resource planning suite designed to meet the unique needs of building contractors, civil engineering firms, specialist contractors, and housebuilders. The company's software focuses on enhancing digital transformation within the construction and engineering industries, aiming to increase profitability and maximize margins for its users. Xpedeon stands out in the market by offering a comprehensive range of functionalities within a single solution, enabling construction businesses to drive efficiency and effectively scale their operations in a dynamic environment.
Ummeed Housing Finance
Venture Round in 2021
Ummeed Housing Finance Private Limited is a housing finance company based in Gurugram, India, established in 2016. The company specializes in providing home loans and loans against property specifically tailored for lower and middle-income families in India, many of whom have limited access to organized financial services. By focusing on customers with informal incomes, Ummeed Housing Finance aims to bridge the gap in affordable housing finance. Its services include home loans, loans for construction, home renovation, and insurance options, all designed to enhance operational efficiency and reduce turnaround times. The company leverages technology to deliver personalized and accessible financial solutions, thereby supporting the aspirations of low and middle-income households in securing affordable housing.
Ummeed Housing Finance
Series E in 2021
Ummeed Housing Finance Private Limited is a housing finance company based in Gurugram, India, established in 2016. The company specializes in providing home loans and loans against property specifically tailored for lower and middle-income families in India, many of whom have limited access to organized financial services. By focusing on customers with informal incomes, Ummeed Housing Finance aims to bridge the gap in affordable housing finance. Its services include home loans, loans for construction, home renovation, and insurance options, all designed to enhance operational efficiency and reduce turnaround times. The company leverages technology to deliver personalized and accessible financial solutions, thereby supporting the aspirations of low and middle-income households in securing affordable housing.
ICON
Series B in 2021
ICON is a construction technologies company that focuses on revolutionizing homebuilding through the use of 3D printing, robotics, software, and advanced materials. The company specializes in constructing single-story, mid-size homes, particularly in developing countries, allowing for faster and more cost-effective building compared to traditional methods. By leveraging innovative technologies, ICON aims to address the housing needs of underserved communities, streamlining the construction process for engineers and builders alike.
Abodu
Series A in 2021
Abodu designs and manufactures prefabricated backyard homes that are built offsite and installed in homeowner backyards. The modular units are intended as vacation homes, guest accommodations, or additional living space, featuring a weathered wood-clad exterior and a sheet-metal gabled roof, with a one-bedroom layout that includes a bathroom, an open-plan living and dining area, and a galley kitchen. By simplifying permitting and construction, Abodu aims to provide affordable, easy-to-install housing that can be rented out as backyard accommodations.
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