New Enterprise Associates, Inc. (NEA), a leading global venture capital firm, officially closed its thirteenth fund, with nearly $2.5bn in committed capital
The fund, which operates across the globe, aims to invest in areas including information technology, energy technology and healthcare.
As stated by Peter J. Barris, Managing General Partner of NEA, “Whether seed-stage or late-stage, domestic or global, we invest in companies where there is a tremendous growth opportunity for truly innovative businesses to establish industry leadership”.
In recent funds, NEA’s information technology and healthcare focus has expanded to include energy technology and the firm is among the most active investors in the sector. NEA has also expanded its global operations with affiliate offices in Beijing and Shanghai, China and Mumbai and Bangalore, India.
This fund brings NEA’s total committed capital to more than $11bn across all of its funds.