New Enterprise Associates (NEA) is an American-based

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which ha ...

firm. NEA focuses investment stages ranging from seed stage through growth stage across an array of industry sectors. With ~$25 billion in committed capital, NEA is one of the world's largest venture capital firms.NEA - History
(Company Website)New Enterprise Associates Closes $2.6 Billion In One Of Largest Venture Funds Ever
Forbes, July, 2012

Description

The firm is headquartered in Menlo Park, California, and

Washington, D.C. ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, ...

, and has additional offices in

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and

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. Since its founding, NEA invested in nearly 1,000 companies, and realized over 650

liquidity event In corporate finance, a liquidity event is a transaction that enables the owners of a company to realize the value of their investment, such as a merger, acquisition or initial public offering. A liquidity event is a typical exit strategy for privat ...

s (with over 250 portfolio company IPOs and over 300 portfolio company acquisitions). NEA was founded in 1977 by C. Richard (Dick) Kramlich, Chuck Newhall and Frank Bonsal. Kramlich had worked with noted venture capitalist

Arthur Rock Arthur Rock (born August 19, 1926) is an American businessman and investor. Based in Silicon Valley, California, he was an early investor in major firms including Intel, Apple, Scientific Data Systems and Teledyne. Early life Rock was born and ...

beginning in 1969 and Frank Bosnal had been an investment banker at Alex. Brown & Sons where he focused on

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

s (IPOs) for startup companies. Chuck Newhall had previously managed an investment fund for T. Rowe Price in the 1970s. The firm was founded with offices on both the East Coast and the West Coast. Among the firm's first investments was

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, which NEA backed along with

Mayfield Fund Mayfield, also known as Mayfield Fund, is a US-based venture capital firm that focuses on early-stage to growth-stage investments in enterprise and consumer technology companies. Founded in 1969 and based in Menlo Park, California Menlo Park ...

and Jack Melchor in 1981. The first NEA investment fund had only $16 million of capital. The firm's second fund raised $45 million and the third fund collected $125 million of commitments from investors in 1984. The firm continued to grow steadily throughout the 1980s and early 1990s raising $900 million from 1987 through 1996 across NEA's next four funds. Beginning with NEA-8 in 1998, the firm greatly increased the size of its investment funds. NEA's tenth fund had $2.3 billion of investor commitments in 2000. After raising a more modest $1.1 billion in 2004 for the firm's eleventh fund, NEA raised $2.3 billion and $2.5 billion for its next two funds, respectively. In 2010, NEA launched its thirteenth investment fund with $2.5 billion of investor capital, the largest since the

Financial crisis of 2007–08 Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fina ...

. In 2012, NEA closed its fourteenth investment fund with $2.6 billion of investor capital. In April 2015, NEA closed its fifteenth investment fund with $3.1 billion in investor capital - the largest venture capital fund ever raised. In June 2017, NEA closed its sixteenth investment fund with $3.3 billion in investor capital - again the largest venture capital fund ever raised. In 2018, former CEO of

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Jeff Immelt Jeffrey Robert Immelt (born February 19, 1956) is an American business executive currently working as a venture partner at New Enterprise Associates. He previously served as the CEO of General Electric from 2001 to 2017, and the CEO of GE's Medi ...

, joined the firm as a venture partner.

Investments

NEA has 370 portfolio companies. Some of the firm's investments include: Aerohive Networks, Alimera Sciences,

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, Antenna Software,

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References

External links

New Enterprise Associates
(company website) {{Authority control Venture capital firms of the United States Life sciences industry Financial services companies based in California Companies based in Menlo Park, California Financial services companies established in 1977 1977 establishments in California

Description

Investments

See also

References

External links