At a Glance
NEA (New Enterprise Associates) is a venture capital firm based in Menlo Park, CA founded in 1977. Foundational partners to ambitious founders at every stage of company-building. The firm focuses on Seed, Series A, Series B+ investments across sectors including Enterprise, Digital Health, Consumer, AI, Biotech. The firm manages $25B in assets under management. Notable portfolio companies include Salesforce, Robinhood, Plaid, DataRobot, Duolingo, Patreon, Discord and Coursera. Invests in exceptional entrepreneurs building category-defining companies across technology and healthcare sectors.
“Invests in exceptional entrepreneurs building category-defining companies across technology and healthcare sectors.”
Leadership turned over in April 2024, when longtime partners Tony Florence and Mohamad Makhzoumi were named co-chief executives. Scott Sandell, who had run the firm as managing general partner, moved into a full-time role as executive chairman and chief investment officer, a handoff NEA framed as the latest in a long line of planned successions and a way to concentrate his time on company building and mentorship.
Makhzoumi joined NEA in 2000 and built the firm's healthcare investing across digital health and life sciences. Forest Baskett is a general partner on the technology side. The partnership numbers well over 100 people and deploys from seed through pre-IPO rounds, with dedicated teams covering enterprise and consumer technology, digital health and life sciences.
NEA closed its first fund at $16 million in 1978 and has scaled the franchise more or less continuously since. Fund 13 closed at nearly $2.5 billion in 2010 and Fund 14 at $2.6 billion in 2012, each among the largest venture pools raised to that point. Fund 15 reached $3.1 billion in 2015, Fund 16 $3.3 billion in 2017 and Fund 17 $3.6 billion in 2020.
In January 2023 the firm closed approximately $6.2 billion across two vehicles, the first time it split its flagship: one fund dedicated to early-stage technology and healthcare, the other to venture growth-stage opportunities. Both invest across enterprise and consumer technology, digital health and life sciences. That close lifted assets under management above $25 billion as of December 31, 2022. Across its history NEA counts more than 270 portfolio company IPOs and more than 450 mergers and acquisitions.
NEA (New Enterprise Associates) 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 (New Enterprise Associates) is headquartered in Menlo Park, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
NEA (New Enterprise Associates) focuses on investments in Enterprise, Digital Health, Consumer, AI, Biotech. Their portfolio reflects deep expertise and networks within these sectors.
NEA (New Enterprise Associates)'s typical investment check size ranges from $500K to $50M. Actual amounts may vary based on the stage, sector, and specific opportunity.
NEA (New Enterprise Associates) manages approximately $25B in assets under management (AUM) across their funds.
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