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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?

Recludix Pharma

San Diego, California, United States

Recludix pharma is a developing platform to treat cancer patients.

BiotechnologyHealth Care
UndisclosedJan 12, 2026
H2

Tokyo, Tokyo, Japan

H2 is a technology company that offers AI-driven solutions and software for the construction industry to enhance efficiency in planning.

Artificial Intelligence (AI)Business Process Automation (BPA)Software
SeedDec 26, 2025
Athira Pharma

Seattle, Washington, United States

Athira Pharma is a clinical stage drug development company that specializes in biotechnology and pharmaceutical.

BiotechnologyPharmaceuticalTherapeutics
Post Ipo EquityDec 18, 2025
Amount Raised: $90,000,000
Mythic

Austin, Texas, United States

Mythic develops analog matrix processors and key cards based on analog compute-in-memory.

Artificial Intelligence (AI)Computer VisionMachine LearningSemiconductorSoftware Engineering
Series UnknownDec 17, 2025
Amount Raised: $125,000,000
Databricks

San Francisco, California, United States

Databricks is a data and AI platform that unifies data engineering, analytics, and machine learning on a lakehouse architecture.

AnalyticsArtificial Intelligence (AI)Data StorageInformation TechnologyMachine Learning
Series UnknownDec 16, 2025
Amount Raised: $4,000,000,000
LizzyAI

New York, New York, United States

LizzyAI is a human-resources technology company that offers an AI-driven interviewing and candidate-assessment platform.

Human ResourcesInformation TechnologyRecruitingSoftware
SeedDec 2, 2025
Amount Raised: $5,000,000
Sakana AI

Tokyo, Tokyo, Japan

Sakana AI is a research-oriented artificial intelligence company that develops biologically inspired and nature-driven AI architectures.

Artificial Intelligence (AI)Generative AIInformation Technology
Series BNov 17, 2025
Amount Raised: $129,281,563
Fabric8Labs

La Jolla, California, United States

Fabric8Labs is a machinery company that specializes in metal 3D printing.

3D Printing3D TechnologyManufacturing
Series UnknownNov 13, 2025
Amount Raised: $50,000,000
House Rx

San Francisco, California, United States

House Rx is a health technology platform focused on improving affordability and patient access to specialty medications.

Health CareMedical
Series BNov 12, 2025
Amount Raised: $55,000,000
Clio

Vancouver, British Columbia, Canada

Clio provides cloud-based legal practice management software, helping law firms manage cases, billing, and client relationships.

Artificial Intelligence (AI)CRMLegalLegal TechSoftware
Series GNov 10, 2025
Amount Raised: $500,000,000

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