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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?

Latitude

Spring, Texas, United States

Latitude is working on a global payments system that links stablecoin-based settlement with local currency payout systems.

Payments
SeedMar 31, 2026
Amount Raised: $8,000,000
Qualified Health

San Carlos, California, United States

Qualified Health develops artificial intelligence tools that support clinical decision-making and patient care management.

Artificial Intelligence (AI)Health CareMedical
Series BMar 25, 2026
Amount Raised: $125,000,000
Namespace Labs

San Francisco, California, United States

Namespace accelerates the development workflow of fast-moving software engineering teams.

Cloud ComputingCloud InfrastructureDeveloper PlatformDeveloper ToolsSaaSSoftware
Series AMar 23, 2026
Amount Raised: $15,000,000
Translucent AI

New York, New York, United States

Translucent AI develops an AI-powered financial platform tailored for healthcare operators.

Artificial Intelligence (AI)Financial ServicesHealth Care
Series AMar 11, 2026
Amount Raised: $27,000,000
Nitra

New York, New York, United States

Nitra is overhauling the healthcare industry with radically efficient and transparent solutions - starting with spend management.

Financial ServicesHealth CareSoftware
Series BMar 10, 2026
Amount Raised: $50,000,000
Korro Bio

Cambridge, Massachusetts, United States

Korro Bio provides an efficient and selective method for RNA editing, leveraging natural processes common to all multi-cellular organisms.

BiotechnologyHealth CarePharmaceutical
Post Ipo EquityMar 9, 2026
Amount Raised: $85,000,000
Firestorm

San Diego, California, United States

Firestorm develops AI-assisted, modular UAS platforms for adaptable and rapid remote operations.

AerospaceArtificial Intelligence (AI)Drones
Series BMar 9, 2026
Union.ai

Bellevue, Washington, United States

Union.ai is a Kubernetes-native workflow orchestration platform for data and machine learning at scale.

AI InfrastructureArtificial Intelligence (AI)Cloud InfrastructureIT InfrastructureMachine LearningProductivity ToolsSoftware
Series AFeb 25, 2026
Amount Raised: $19,000,000
Anterior

New York, New York, United States

Anterior is an AI-powered healthcare administration platform that helps approve health insurance for medical procedures.

Artificial Intelligence (AI)Health CareHealth InsuranceMachine LearningMedical
Series UnknownFeb 12, 2026
Amount Raised: $40,000,000
AdZen

Sacramento, California, United States

AdZen is doing for websites what AdWords did for search

Software
SeedFeb 10, 2026

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