At a Glance
New Enterprise Associates stands as one of the most influential venture capital firms in Silicon Valley and globally, with a 47-year track record that spans multiple technology cycles. Since its 1977 founding, NEA has deployed over $25 billion in capital across more than 1,000 investments, establishing itself as a cornerstone institution in the venture ecosystem. The firm's longevity stems from its ability to adapt its investment approach while maintaining disciplined capital deployment across enterprise software, digital health, consumer technology, and emerging sectors like artificial intelligence. NEA's portfolio reads like a who's who of technology innovation, including early investments in companies such as Salesforce, Workday, Databricks, Robinhood, and Plaid. The firm participated in Salesforce's Series A round in 2001, watching the company grow into a $200+ billion market cap leader that redefined enterprise software delivery. Similarly, NEA's investment in Workday during its early stages positioned the firm as a key beneficiary of the cloud computing transformation in human capital management. The firm's healthcare investments have been equally prescient, with stakes in companies like 23andMe, Health Catalyst, and numerous digital health platforms that have collectively transformed healthcare delivery and data analytics. NEA's investment strategy spans multiple stages, from seed rounds to growth equity, allowing the firm to support companies throughout their development lifecycle. This multi-stage approach has enabled NEA to increase ownership in high-performing companies while providing entrepreneurs with a single, trusted capital partner. The firm typically writes initial checks ranging from $1 million to $20 million, with the ability to invest significantly more in follow-on rounds. NEA's reputation extends beyond capital provision to strategic guidance and operational support. The firm's partners bring decades of operating experience from companies like Microsoft, Oracle, and various successful startups, providing portfolio companies with tactical expertise in areas such as product development, go-to-market strategy, and international expansion. This operational focus has helped NEA maintain strong relationships with entrepreneurs and position itself for competitive deal flow. The firm's global presence, with offices in Menlo Park, New York, Baltimore, and Bangalore, reflects its commitment to identifying innovation wherever it emerges. NEA's international investments have included successful companies across Asia and Europe, demonstrating the firm's ability to navigate diverse regulatory and cultural environments while maintaining its disciplined investment approach.
“Partners with entrepreneurs building transformational technology and healthcare companies across all stages.”
NEA's investment team combines operating executives and seasoned investors with deep sector expertise. Managing General Partner Scott Sandell leads the firm's enterprise software investments and previously served in product management roles at technology companies. Partner Carmen Chang focuses on digital health investments, bringing experience from healthcare technology companies and investment banking. The firm's enterprise software practice is strengthened by partners with backgrounds at companies like Salesforce and Microsoft, providing portfolio companies with practical insights into scaling enterprise sales and product development. NEA's healthcare team includes partners with medical degrees and pharmaceutical industry experience, enabling sophisticated evaluation of clinical and regulatory risks in healthcare investments.
NEA has raised 19 venture funds since its founding, with recent funds ranging from $3.6 billion to $4.3 billion in committed capital. The firm's fund sizes have grown significantly from its early venture funds of under $100 million to its current multi-billion dollar funds, reflecting both the firm's track record and the expansion of venture capital markets. NEA has maintained consistent fund-raising cadence, typically raising new funds every 3-4 years, while expanding its global investment mandate and stage flexibility across its fund progression.
NEA primarily invests at the Seed, Series A, Series B+ stages. This means they focus on companies that are building their initial product and finding product-market fit.
NEA is headquartered in Menlo Park, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
NEA focuses on investments in Enterprise, Digital Health, AI, SaaS, Consumer. Their portfolio reflects deep expertise and networks within these sectors.
NEA's typical investment check size ranges from $1M to $50M. Actual amounts may vary based on the stage, sector, and specific opportunity.
NEA manages approximately $25B in assets under management (AUM) across their funds.
