
New Enterprise Associates
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
Frequently Asked Questions
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