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New Enterprise Associates

North America, California, United States, Menlo Park

Description

New Enterprise Associates (NEA) stands as one of the most established and prominent venture capital firms globally, with a rich history dating back to its founding in 1977. Headquartered in Menlo Park, California, NEA has cultivated a reputation for being a prolific investor across various stages, primarily focusing on transformative technology and healthcare companies. Its extensive experience, spanning over four decades, has allowed it to navigate multiple economic cycles and build a robust portfolio of industry-leading companies, solidifying its position as a cornerstone of the venture capital ecosystem.

NEA employs a comprehensive, multi-stage investment strategy, deploying capital from seed-stage startups to late-stage growth equity rounds. Within technology, their investments span enterprise software, consumer internet, fintech, and cybersecurity, among others. In healthcare, they demonstrate deep expertise across biopharma, medical devices, and healthcare IT. This broad yet specialized approach enables NEA to support companies throughout their lifecycle, providing not just capital but also strategic guidance, operational support, and access to a vast network of industry contacts. Their commitment extends to fostering innovation and scaling businesses with global ambitions.

The firm's significant capital base underscores its capacity for substantial investments. In 2023, NEA closed its latest flagship fund, NEA 18, at an impressive $6.2 billion, one of the largest venture capital funds ever raised. This substantial fund empowers NEA to make initial investments ranging from early-stage commitments of approximately $1 million for promising seed rounds to over $100 million for leading significant growth equity rounds in mature companies. Their long-standing track record includes numerous successful IPOs and strategic acquisitions, demonstrating their ability to identify and nurture companies that achieve significant market impact and deliver strong returns for their limited partners.

Investor Profile

New Enterprise Associates has backed more than 2,137 startups, with 58 new investments in the last 12 months alone. The firm has led 726 rounds, about 34% of its total and boasts 596 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series A, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States, India, China.
  • Strong thematic focus on Software, Health Care, Biotechnology.
  • Led 26 rounds in the past year.
  • Typical check size: $1M – $100M.

Stage Focus

  • Series B (21%)
  • Series A (20%)
  • Series Unknown (17%)
  • Series C (14%)
  • Seed (9%)
  • Series D (7%)
  • Post Ipo Equity (4%)
  • Series E (3%)
  • Series F (2%)
  • Debt Financing (1%)

Country Focus

  • United States (90%)
  • India (2%)
  • China (2%)
  • United Kingdom (1%)
  • Canada (1%)
  • Germany (1%)
  • Switzerland (1%)

Industry Focus

  • Software
  • Health Care
  • Biotechnology
  • Information Technology
  • Medical
  • Enterprise Software
  • Saas
  • Internet
  • Artificial Intelligence (Ai)
  • Manufacturing
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does New Enterprise Associates frequently co-invest with?

Sequoia Capital
North America, California, United States, Menlo Park
Co-Investments: 40
Canaan Partners
North America, California, United States, Menlo Park
Co-Investments: 43
Kleiner Perkins
North America, California, United States, Menlo Park
Co-Investments: 68
Google Ventures
North America, California, United States, Mountain View
Co-Investments: 53
Accel
North America, California, United States, Palo Alto
Co-Investments: 58
Bessemer Venture Partners
North America, California, United States, San Francisco
Co-Investments: 42
Andreessen Horowitz
North America, California, United States, Menlo Park
Co-Investments: 63
Lightspeed Venture Partners
North America, California, United States, Menlo Park
Co-Investments: 57
Greylock
North America, California, United States, Menlo Park
Co-Investments: 46
Intel Capital
North America, California, United States, Santa Clara
Co-Investments: 46

Which angels does New Enterprise Associates often collaborate with?

WC
North America, New York, United States, Manhattan
Shared Deals: 5
ES
North America, California, United States, Mountain View
Shared Deals: 5
PB
North America, California, United States, Mountain View
Shared Deals: 5
MB
North America, California, United States, San Francisco
Shared Deals: 5
AW
North America, California, United States, San Francisco
Shared Deals: 5
TL
North America, District of Columbia, United States, Washington
Shared Deals: 11
MC
North America, Texas, United States, Dallas
Shared Deals: 10
AK
North America, California, United States, Los Angeles
Shared Deals: 5
SP
North America, California, United States, San Francisco
Shared Deals: 5
EG
North America, California, United States, San Francisco
Shared Deals: 5

What are some of recent deals done by New Enterprise Associates?

Kaizen Labs

Venice, California, United States

Kaizen Labs is a software company that helps city administrators transform resident experiences with simple digital products.

Information TechnologyRecreationSoftware
Series AOct 30, 2025
Amount Raised: $21,000,000
CoreStory

Berkeley, California, United States

CoreStory provides a platform that helps enterprises understand their legacy code.

Artificial Intelligence (AI)Enterprise SoftwareInformation Technology
Series AOct 28, 2025
Amount Raised: $32,000,000
Uniphore

Palo Alto, California, United States

Uniphore is a business-software company that provides a secure AI platform that deploys agentic AI across every enterprise function.

Artificial Intelligence (AI)Computer VisionEnterprise SoftwareGenerative AIMachine Learning
Series FOct 22, 2025
Amount Raised: $260,000,000
QuoteWell

Austin, Texas, United States

QuoteWell is a digital-first platform that meets the demands of the contemporary insurance sector.

Information TechnologyInsurance
Series AOct 8, 2025
Amount Raised: $12,000,000
Affinia Therapeutics

Waltham, Massachusetts, United States

Affinia Therapeutics is a biotechnology company developing transformative AAV gene therapies for people with rare and prevalent diseases.

BiotechnologyHealth CareLife ScienceTherapeutics
Series COct 7, 2025
Amount Raised: $40,000,000
Djust

Paris, Ile-de-France, France

DJUST is a digital B2B e-commerce platform.

E-Commerce
Series AOct 1, 2025
Amount Raised: $8,213,051
Zania

Palo Alto, California, United States

Autonomous AI agents for Security Risk and Compliance

Artificial Intelligence (AI)ComplianceCyber SecurityEnterprise Software
Series ASep 30, 2025
Amount Raised: $18,000,000
Flox

New York, New York, United States

Flox offers developers, platform engineers, and operators reproducible environments that span the enterprise SDLC. Bringing Nix to Work!

Information TechnologyManagement Information SystemsSoftware
Series BSep 25, 2025
Amount Raised: $25,000,000
Factory

San Francisco, California, United States

Factory provides AI software agents automating complex development tasks and workflows.

Artificial Intelligence (AI)Developer ToolsSoftware Engineering
Series BSep 25, 2025
Amount Raised: $50,000,000
Brale

Des Moines, Iowa, United States

Brale provides a platform for issuing and managing stablecoins on multiple blockchain networks.

BlockchainCryptocurrencyFinancial Services
SeedSep 18, 2025
Amount Raised: $30,000,000