![]() Prior to Axonlink, he was President of I-Link, a US-based VoIP service provider which acquired MiBridge, the VoIP software company he founded.ĭror was also a senior research engineer at AT&T Bell Labs where he developed voice and video compression technologies, including the speech coder that became the standard for CDMA cellular in North America.ĭror holds a BSc in electrical engineering from the Technion – Israel Institute of Technology, Haifa. He also served on the board of Veraz networks.īefore joining ECI, Dror was CEO of Axonlink, an optical components start-up company. In this role, he was responsible for ECI’s strategy, mergers and acquisitions, business development, and strategic marketing. Prior to joining Norwest, Dror served as executive vice president and Chief Strategy Officer of ECI, which he joined in 2004. At Norwest, Dror focuses on multi-stage (seed to pre-IPO) and multi-domain (enterprise, cloud, consumer, semi) investments related to Israel. Their most recent diversity investment was on Jun 28, 2023, when Pair Eyewear raised. ![]() Dror was a previous board participant at CyberX (acquired by Microsoft), Ermetic (acquired by Tenable), Fireglass (acquired by Symantec), Pontis (acquired by Amdocs), ScaleIO (acquired by EMC), Seculert (acquired by Radware), SolarEdge (Nasdaq: SEDG), SundaySky (acquired by Clearhaven Partners), Unisfair (acquired by InterCall), Velostrata (acquired by Google), and ConteXtream (acquired by HP). Norwest Venture Partners has made 103 diversity investments. Dror most recently invested in and serves on the boards of ActiveFence, Amplication, Cynet, Gong, Sightfull, Treeverse, VastData, Weka.io, Wiliot, and three other stealth stage companies. and in Israel as an investor and an executive in the past. ![]() “We have seen an increase in ticket size, and we continue to believe ticket sizes across early-mid-late will remain at these higher levels as compared to the last two-three years,” Shah said.Dror brings to Norwest many years of operational, go-to-market, technology, and entrepreneurial experience, having worked extensively in both the U.S. It also counts mattress maker Duroflex, logistics company Xpressbees, and Vastu Housing Finance in its India portfolio. Its marquee India investments include Cholamandalam Finance, IndusInd Bank, Pepperfry, Quikr, Swiggy, RBL Bank and the National Stock Exchange. The new fund brings the firm’s total capital commitments to more than 9.5B and will help us support disruptive and market-leading companies from seed to late-stage across consumer, enterprise technology, and healthcare sectors. Norwest has been investing in India from its global funds for over two decades. We’re thrilled to announce the closing of NVP XV, a 2B fund and our largest to date. The firm is looking to back companies from an early stage, as seen in Mensa Brands that has raised over $300 million since its incorporation in April 2021 to become Asia’s fastest unicorn. These unicorns have raised a total of $40 billion and are worth over $168 billion. In addition, India has produced 42 unicorns this year, far more than in any previous year. PALO ALTO, Calif., /PRNewswire/ - Norwest Venture Partners, a leading venture capital and growth equity investment firm, today announced that it named Lisa Ames as the firm's first. In the July-September quarter, Indian startups mobilised more than $16 billion in capital, outpacing the activity in China for the second time in six quarters. Since our inception, we have invested in more than 600 companies. The new fund comes at a time when startup funding activity has hit an all-time high. Norwest Venture Partners is a leading growth equity and venture investment firm managing more than 7.5 billion in capital. We continue to believe in the long-term potential of India, and foresee that technology, fintech, consumer and healthcare investments have tremendous potential to grow over the next 10-15 years,” he added. “India is reaching an inflection point where China was about eight-nine years ago, and the next decade will create some very large outcomes from India. He refused to share the India allocation or other fund-related specifics due to confidentiality reasons. “With the new fund, Norwest will also continue to increase its investments into India,” Shah told The Capital Quest. The new fund takes the VC firm’s total capital under management to $12.5 billion, Shah said. Norwest will deploy the new fund across early-to-late VC stages as well as growth equity rounds. The size of the NVP XVI fund is 33% larger than its predecessor, said Niren Shah, managing director and head of Norwest India. American venture capital and growth equity firm Norwest Venture Partners said Tuesday it has marked the final close of its new global fund at $3 billion.
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