Venture Capital Firm New Enterprise Associates Announces Promotions

neaVenture capital firm New Enterprise Associates has promoted two members of its investment team, Mohamad Makhzoumi and Chetan Puttagunta to General Partner.

Mohamad Makhzoumi heads NEA’s Healthcare Services and Healthcare Information Technology investment practice. He joined NEA as an intern in 2000, and returned in 2005 as an Associate. He was promoted to Partner and assumed leadership of the firm’s healthcare services/IT investing practice in 2011. Makhzoumi is a Director of American Pathology Partners, Bright Health, Collective Health, DaVita NephroLife, Docent Health, Elements Behavioral Health, Nuvolo, Radiology Partners, SCI Solutions, U.S. Renal Care, and Welltok. His past investments include Bravo Health, CHG Healthcare, DSI Renal, and Vantage Oncology.

Chetan Puttagunta is a technology investor focused on enterprise software. Puttagunta joined NEA in 2011. He focuses on enterprise software and services across both early and growth stage investing. His investments at NEA include MuleSoft, Elastic, MongoDB, Acquia, Reltio, Placester, Heap, Sentry, Swiftype, Forter, ScoutRFP, Canopy, and Folloze. Puttagunta is also involved in several seed stage companies.

They are both based in the firm’s offices in Menlo Park.

The firm also named Partner Carmen Chang as Chairman and Head, Asia. Since joining NEA in 2012, Chang has executed the firm’s global investing strategy and has provided invaluable support to many of the firm’s U.S.-based companies conducting business in China.


Additionally, two members of the firm’s Portfolio Services team were promoted:
– Albert Lee to Design Partner, and
– Holly Rose Faith to Talent Partner.

Lee, who joined NEA as a Designer-in-Residence in 2015, has worked closely with portfolio companies across the consumer, enterprise and med-tech sectors. He has also been actively involved in building the Studio program in New York, which provides resources and opportunities for design-focused entrepreneurs. Holly Rose Faith, who joined the firm in 2015 as Vice President, Talent, has worked with dozens of NEA portfolio companies to attract talent as well as improve processes related to talent and human capital within the firm. As a Talent Partner, she will continue to focus on these functions across NEA and its portfolio, with a focus on early- to mid-stage companies spanning the enterprise, consumer and medical technology sectors.



Join the discussion