NEA Raises Staggering $3.1 Billion In Venture Funds
Menlo Park-based New Enterprise Associates said this morning that it has raised a $2.8 billion venture capital fund, its fifteenth venture capital fund, along with a $350M NEA 15 Opportunity Fund, targeted at late stage portfolio companies. NEA's Fund XV follows the company's, prior $2.6 billion, fund fourteen. NEA has been in the venture capital business 1977, and has managed nearly $17 billion in total. As part of the new fund, the firm said it has named Scott Sandell as Managing General Partner.
posted on Wednesday, April 15, 2015
Related companies:
NEA-IndoUS Ventures
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