NEA (New Enterprise Associates)

NEA (New Enterprise Associates)

A global venture capital firm investing across multiple stages, sectors and geographies.

New Enterprise Associates, also known as NEA, is a private equity and venture capital firm established in 1977​. The firm was founded by Richard Kramlich, Chuck Newhall, and Frank Bonsal​. As a venture capital firm that operates globally, NEA has offices in the United States (Menlo Park, Washington, D.C., San Francisco, New York, Boston, and Chicago), China (Shanghai and Beijing), and India (Mumbai).

​As of March 2019, the firm has invested in over 2,000 companies, although it currently has 428 companies in its portfolio. It has sold off its ownership in 782 companies. Its most recent investment was in Imara on March 2019, a company providing therapeutics products for people who suffer from sickle cell disease.

Funding

NEA provides capital for companies in various financing stages, from seed to public, through debt financing and venture growth equity. The firm funds companies from diverse industry sectors, with examples such as infrastructure software, life sciences, and e-commerce. It focuses on financing companies that are located in Asia (China, India, and Southeast Asia), Brazil, and the United States. Since its conception, the firm has managed to collect over $20 billion in total funds. It has recently finished raising funds for its Debut Growth Fund in December 2018, amassing $1.4 billion.

Timeline

2017

$3.3 billion raised

A $3.3b fund - NEA 16 - was raised in 2017.

Funded Companies

Company
Description
Website
Industry
Location

Robinhood is a Palo Alto, California-based financial technology company founded in 2013. They offer free stock and equity trading and commission-free crytpo-trading.

BuzzFeed is digital media and technology company delivering news and entertainment content.

Desktop Metal is a Burlington, Massachusetts-based metal 3D printing company founded in 2015 by Ric Fulop, Jonah Myerberg, and Ely Sachs.

Tempus, a technology company advancing precision medicine through the practical application of artificial intelligence in healthcare.

A company offering an analytics platform for business, data science, and data engineering. It was founded in 2013 and is located in San Francisco, California.

A synthetic biology company that designs, builds and tests genetic circuits for the purposes programming cell therapies. Their first therapeutic candidates are aimed at solid tumors and blood cancer and the company plans to move beyond oncology.

D2L is a provider of elearning solutions founded by John Baker that uses the Brightspace learning management platform.

PlayVS is a company providing a platform for e-sports competitions for high school students.

Company developing compact, solid-state, high-performance radar system

DataRobot sells a machine learning platform that helps users build and deploy accurate predictive models. The Boston-based company was founded in 2012 by Jeremy Achin.

Yubico is a Palo Alto, California-based secure authentication and enterprise security company founded in 2007 by Stina Ehrensvärd and Jakob Ehrensvärd.

Segment is a company providing a data infrastructure for businesses.

A software company offering a low-code development platform for developing enterprise software applications.

Greenlight Financial Technology is an Atlanta-based company offering a debit cards for kids parents can manage by app.

Sentry is cross-platform application monitoring, with a focus on error reporting.

Starcity is an American company that builds co-housing microapartments in which tenants pay for a private room with shared kitchens, bathrooms and other shared spaces.

An insurance technology company offering automobile insurance at a base rate combined with payments for miles driven.

348 Results
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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
5 Results
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People

Name
Role
LinkedIn

Aaron Jacobson

Employee

Ajay Vashee

Employee

Alex Oppenheimer

Employee

Alexander Öberg

Employee

Amit Mukherjee

Employee

Andrew Adams Schoen

Employee

Andrew McCollum

Employee

Angus Scott

Investor

Blake Wu

Employee

Bryan Lamkin

Advisor

Carmen Chang

Asia Chairman and Head

Cheechee Lin

Employee

ChenLi Wang

Employee

Cindy Crow

Employee

Dan Klempay

Employee

Dayna Grayson

Employee

Dominique Manchak

Employee

Forest Baskett

General Partner

Harry Weller

Employee

Jon Sakoda

Employee

Justin Klein

Employee

Kate Barrett

Employee

Kittu Kolluri

Employee

Kristen Ostro

Employee

London Zhang

Employee

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Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

51Offers

BenchPrep

Bridge International Academies

Desire2Learn

EverFi

Masterclass

MedRC Edutech

Quad Learning

Tynker

News

Title
Author
Date
Publisher
Description
Jonathan Shieber
June 25, 2020
TechCrunch
New Enterprise Associates has launched a new investment initiative with the Hollywood talent agency Creative Artists Agency. The new partnership, called Connect Ventures, said it will identify and accelerate the growth of early-stage, consumer-focused businesses formed in the wake of the global pandemic. In a world where everything is a commodity and nothing is more [...]
BioSpace
June 8, 2020
BioSpace
Affinia Therapeutics, an innovative gene therapy company with a platform for rationally designed adeno-associated virus vectors and gene therapies, announced the appointment of Elliott Sigal, M.D., Ph.D., to the company's Board of Directors.
FinSMEs
May 19, 2020
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Fink Densford
April 11, 2019
MassDevice
The Medical Device Business Journal -- Medical Device News & Articles | MassDevice

References

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