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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?

Courtyard

San Francisco, California, United States

Courtyard is an online marketplace for trading cards & digital packs

BlockchainFinTechMarketplaceNon-Fungible Token (NFT)
Series AJul 24, 2025
Amount Raised: $30,000,000
Swift Navigation

San Francisco, California, United States

Swift Navigation is a technology company that provides precise positioning solutions for advanced automotive driver-assistance systems.

Autonomous VehiclesGPSHardwareRoboticsSoftware
Series EJul 23, 2025
Amount Raised: $50,000,000
Genie

London, England, United Kingdom

Genie is a provider of a Shopify inventory management solution for fast-growing merchants.

E-CommerceE-Commerce PlatformsInternetSoftware
SeedJul 22, 2025
Amount Raised: $5,800,000
Perplexity

San Francisco, California, United States

Perplexity is an AI-powered answer engine designed to provide accurate, real-time responses to user queries.

Artificial Intelligence (AI)ChatbotGenerative AIMachine LearningNatural Language ProcessingSearch Engine
Series UnknownJul 18, 2025
Amount Raised: $100,000,000
Firestorm

San Diego, California, United States

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

AerospaceDronesIndustrial ManufacturingMachinery ManufacturingMilitary
Series AJul 16, 2025
Amount Raised: $35,000,000
NG.CASH

São Paulo, Sao Paulo, Brazil

NG.CASH is a digital bank for the next generation, helping them master their money and make smarter financial choices every day.

BankingConsumer ApplicationsFinancial ServicesFinTech
Series BJul 14, 2025
Amount Raised: $26,500,000
Foresight Data

New York, New York, United States

Foresight Data provides a platform for data-driven private market investors, integrating all investment data and offering IT services.

Artificial Intelligence (AI)Information TechnologySoftware
SeedJun 26, 2025
Amount Raised: $5,500,000
Wispr Flow

San Francisco, California, United States

Effortless voice dictation

Artificial Intelligence (AI)Machine LearningSoftware
Series AJun 24, 2025
Amount Raised: $30,000,000
Splice Bio

Barcelona, Catalonia, Spain

Splice Bio develops gene therapies using its Protein Splicing platform for genetic diseases.

BiotechnologyLife ScienceMedicalPharmaceutical
Series BJun 11, 2025
Amount Raised: $135,000,000
Allay Therapeutics

San Jose, California, United States

Allay Therapeutics offers analgesic products for post-surgical pain management and recuperation.

BiotechnologyHealth CareMedicalTherapeutics
Series DJun 5, 2025
Amount Raised: $57,500,000