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 (company)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.
Palo Alto, California
Menlo Park, California
United States
BuzzFeedBuzzFeed is digital media and technology company delivering news and entertainment content.
New York City
Desktop MetalDesktop Metal is a Burlington, Massachusetts-based metal 3D printing company founded in 2015 by Ric Fulop, Jonah Myerberg, and Ely Sachs.
Burlington, Massachusetts
Box (company)A cloud content management company. It was founded in 2005 and has headquarters located in Redwood City, California.
Redwood City, California
DatabricksA company offering an analytics platform for business, data science, and data engineering. It was founded in 2013 and is located in San Francisco, California.
San Francisco
OpenDoorOpenDoor is a real estate company based in the US.
Senti BiosciencesA 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.
South San Francisco, California
Mersana TherapeuticsA biopharmaceutical company focused on the development of oncology therapeutics
Cambridge, Massachusetts
CloudflareA web performance and security company providing services for the protection and acceleration of websites online.
EchodyneCompany developing compact, solid-state, high-performance radar system
Bellevue (Washington, D.C.)
Kirkland, Washington
DataRobotDataRobot 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.
Boston
YubicoYubico is a Palo Alto, California-based secure authentication and enterprise security company founded in 2007 by Stina Ehrensvärd and Jakob Ehrensvärd.
Sweden
Segment (company)Segment is a company providing a data infrastructure for businesses.
Appian (company)A software company offering a low-code development platform for developing enterprise software applications.
McLean, Virginia
Virginia
Casper (company)Casper is a memory-foam mattress retailer.
GoopGoop is a lifestyle and wellness company founded by Gwyneth Paltrow.
New York
California
Santa Monica, California
Greenlight Financial TechnologyGreenlight Financial Technology is an Atlanta-based company offering a debit cards for kids parents can manage by app.
Atlanta
Plaid (company)Plaid is a company providing businesses with tools and access to develop a digital financial system.
MetromileAn insurance technology company offering automobile insurance at a base rate combined with payments for miles driven.
IonQIonQ is a quantum computing company developing ion trap technology.
ThirdLoveA women's bra and underwear company. It was founded in 2013 and is located in San Francisco, California.
Sentry (software company)Sentry is cross-platform application monitoring, with a focus on error reporting.
Hyperion TherapeuticsA biopharmaceutical company focused on developing treatments for urea cycle disorders and other rare diseases
23andMeA biotechnology company based in Mountain View, California providing DNA genetic testing and analysis services.
Mountain View, California
Sunnyvale, California
BetterDoctorBetterDoctor, a technology company, delivers provider directory data and has a database that can be accessed through a responsive API.
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)
Venture capital firm
CompanyCompany attributes
Venture capital
HealthcareVenture Capital Firm attributes
Mojo VisionCategories
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