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NVP Associates, LLC

CIK:0001545692
Venture Capital
$16B AUM
7 holdings
Menlo Park, CA, United States
Founded:1961
100 employees
Latest filing:Jun 30, 2025

NVP Associates, LLC is a venture capital firm based in Menlo Park, California. The firm operates as a subsidiary or affiliated entity of Norwest Venture Partners, a global venture and growth equity investment firm founded in 1961. Norwest manages over $15.5 billion in capital, invests across enterprise, information technology, internet, and healthcare sectors, and has funded more than 700 companies, with over 250 active portfolio partnerships. The firm serves entrepreneurs and growth businesses in the United States and worldwide, providing both capital and strategic support. Norwest Venture Partners, and by extension NVP Associates, employs a diverse team of investment professionals and sector specialists.

Investment Strategy

NVP Associates, as part of Norwest Venture Partners, focuses on venture and growth equity investments in early to late-stage companies. The firm targets key sectors including enterprise, information technology, SaaS, internet, business and financial services, and healthcare. Its strategy involves providing both capital and deep operational guidance to portfolio companies, leveraging a global network and sector experience to help companies scale at each stage of growth. Norwest serves a diverse range of founders, tailoring its support to drive long-term value and innovation.

Latest 13F Filing Activity

NVP Associates, LLC filed their most recent 13F report on Jun 30, 2025 disclosing 7 equity positions with a total 13F market value of $184M. The fund increased holdings in Omada Health Inc., Dave Inc., MBX Biosciences Inc. among other positions. NVP Associates, LLC reduced exposure to Opendoor Technologies Inc., Grove Collaborative Hold Inc., Talkspace Inc. among others.

Top Buys
O
OMDAOMADA HEALTH INC
+$46.3M
D
DAVEDAVE INC
+$14.3M
M
MBXMBX BIOSCIENCES INC
+$8.6M
Z
ZBIOZENAS BIOPHARMA INC
+$3.3M
T
TALKTALKSPACE INC
+$2.2M
Top Sells
O
OMDAOMADA HEALTH INC
+$46.3M
D
DAVEDAVE INC
+$14.3M
M
MBXMBX BIOSCIENCES INC
+$8.6M
Z
ZBIOZENAS BIOPHARMA INC
+$3.3M
T
TALKTALKSPACE INC
+$2.2M

Top Holdings

D
DAVEDAVE INC
+33.9%$62.5M
O
OMDAOMADA HEALTH INC
+25.2%$46.3M
T
TALKTALKSPACE INC
+14.8%$27.3M
M
MBXMBX BIOSCIENCES INC
+13.2%$24.4M
Z
ZBIOZENAS BIOPHARMA INC
+9.7%$17.8M

Equity Positions (7)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
DAVE INC33.91%$62.5M232,675$6.06$268.41+$14.3M
OMADA HEALTH INC25.15%$46.3M2,531,000$18.30$18.30+$46.3M
TALKSPACE INC14.80%$27.3M9,802,972$0.61$2.78+$2.2M
MBX BIOSCIENCES INC13.24%$24.4M2,136,335$25.98$11.41+$8.6M
ZENAS BIOPHARMA INC9.67%$17.8M1,838,482$16.92$9.69+$3.3M

Industry Allocation

SERVICES-HEALTH SERVICES
+50.0%
PHARMACEUTICAL PREPARATIONS
+47.1%
RETAIL-CATALOG & MAIL-ORDER HOUSES
+2.9%