New Enterprise Associates

Source: Wikipedia, the free encyclopedia.
New Enterprise Associates (NEA)
IndustryVenture capital
Founded1977; 47 years ago (1977)
FoundersRichard Kramlich
Chuck Newhall
Frank Bonsal
HeadquartersChevy Chase, Maryland, U.S.
AUMOver $20 billion
Websitewww.nea.com

New Enterprise Associates (NEA) is an American-based venture capital firm. NEA focuses investment stages ranging from seed stage through growth stage across an array of industry sectors. With ~$25 billion in committed capital, NEA is one of the world's largest venture capital firms.[1][2][3][4][5]

Description

The firm is headquartered in Menlo Park, California, and Washington, D.C.,[3] and has additional offices in Baltimore, Bangalore, Beijing, Boston, Mumbai, New York City, San Francisco and Shanghai.[6]

Since its founding, NEA invested in nearly 1,000 companies, and realized over 650 liquidity events (with over 250 portfolio company IPOs and over 300 portfolio company acquisitions).[2]

NEA was founded in 1977 by C. Richard (Dick) Kramlich, Chuck Newhall and Frank Bonsal.

Mayfield Fund and Jack Melchor in 1981.[8]

The first NEA investment fund had only $16 million of capital. The firm's second fund raised $45 million and the third fund collected $125 million of commitments from investors in 1984. The firm continued to grow steadily throughout the 1980s and early 1990s raising $900 million from 1987 through 1996 across NEA's next four funds.[7] Beginning with NEA-8 in 1998, the firm greatly increased the size of its investment funds. NEA's tenth fund had $2.3 billion of investor commitments in 2000. After raising a more modest $1.1 billion in 2004 for the firm's eleventh fund, NEA raised $2.3 billion and $2.5 billion for its next two funds, respectively.[9][10] In 2010, NEA launched its thirteenth investment fund with $2.5 billion of investor capital, the largest since the

Financial crisis of 2007–08.[11]
In 2012, NEA closed its fourteenth investment fund with $2.6 billion of investor capital.[2][5] In April 2015, NEA closed its fifteenth investment fund with $3.1 billion in investor capital - the largest venture capital fund ever raised.[12] In June 2017, NEA closed its sixteenth investment fund with $3.3 billion in investor capital - again the largest venture capital fund ever raised.[13]

In 2018, former CEO of General Electric, Jeff Immelt, joined the firm as a venture partner.[14]

Investments

NEA has 370 portfolio companies. Some of the firm's investments include:

better source needed
]

See also

References

  1. ^ Gutsy venture firm New Enterprise Associates brings home results. VentureBeat, January 4, 2007
  2. ^ a b c NEA - History (Company Website)
  3. ^ a b Dan Primack (November 7, 2011). "NEA: The VC World's best-kept secret". Fortune. Archived from the original on April 3, 2015. Retrieved September 27, 2016.
  4. ^ NEA Raising $2.5 Billion For What Could Become The Largest VC Fund In History. Tech Crunch, May 9, 2012
  5. ^ a b New Enterprise Associates Closes $2.6 Billion In One Of Largest Venture Funds Ever. Forbes, July, 2012
  6. ^ New Enterprise Associates sets up Boston office. PE Hub, November 14, 2013
  7. ^ . Retrieved September 27, 2016.
  8. ^ Pelkey, James. Entrepreneurial Capitalism and Innovation: A History of Computer Communications 1968-1988
  9. ^ New Enterprise Associates closes new $2.5 billion fund. Silicon Valley Business Journal, July 23, 2006
  10. ^ "$2.5 Billion in Search of an Exit". Deal Book. New York Times. July 12, 2006. Retrieved September 27, 2016.
  11. ^ Tim Mullaney (January 21, 2010). "Venture Capitalist Dick Kramlich's Last Stand". Bloomberg Business Week. Retrieved September 27, 2016.
  12. ^ Alex Konrad (April 15, 2015). "VC Firm NEA Raises A Record $3.1 Billion For Fifteenth Fund". Forbes. Retrieved September 27, 2016.
  13. ^ Tomio Geron (June 19, 2017). "NEA Raises Massive $3.3 Billion Fund". WSJ. Retrieved March 14, 2018.
  14. ^ O'Brien, Kelly J. (2018-02-01). "Jeff Immelt joins venture capital firm with growing Boston presence". Boston Business Journal. Retrieved 2018-02-01.
  15. ^ "Portfolio | NEA | New Enterprise Associates". New Enterprise Associates. Retrieved 2014-09-26.

External links