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
$3.3 billion raised
A $3.3b fund - NEA 16 - was raised in 2017.
Funded Companies
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.
A cloud content management company. It was founded in 2005 and has headquarters located in Redwood City, California.
OpenDoor is a real estate company based in the US.
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.
A biopharmaceutical company focused on the development of oncology therapeutics
D2L is a provider of elearning solutions founded by John Baker that uses the Brightspace learning management platform.
A web performance and security company providing services for the protection and acceleration of websites online.
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.
Plaid is a company providing businesses with tools and access to develop a digital financial system.
A software company offering a low-code development platform for developing enterprise software applications.
Casper is a memory-foam mattress retailer.
Goop is a lifestyle and wellness company founded by Gwyneth Paltrow.
Greenlight Financial Technology is an Atlanta-based company offering a debit cards for kids parents can manage by app.
IonQ is a quantum computing company developing ion trap technology.
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.
Associated investment funds
People
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
Further reading
Documentaries, videos and podcasts
Companies
News
References
NEA (New Enterprise Associates)
Company attributes
Venture Capital Firm attributes
Categories
Related Topics
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