New Enterprise Associates, Inc., a Menlo Park, Calif.-based venture capital firm, closed on $3.6 billion for its latest fund.
The new fund, NEA’s largest to date, will be invested across a broad range of technology and healthcare sectors. Consistent with the firm’s strategy over many funds, the majority of capital will be concentrated in early-stage opportunities with select growth-stage investments.
In conjunction with the new fund, Liza Landsman has been named General Partner. Landsman, who joined the firm’s New York office as a Venture Partner in 2018 after serving as president of NEA portfolio company Jet.com, focuses on software and services investments across the consumer landscape. Landsman’s prior roles include president and member of the founding executive team at Jet; CMO and member of the executive committee at E*TRADE; global head of digital for BlackRock; and various leadership roles at Citigroup and IBM earlier in her career. Primarily focused on commerce and fintech, she currently works closely with Burrow, Mejuri, Goop, Luminary, Hello Alfred, Flow.io and THE WELL.
New Enterprise Associates, Inc. (NEA) is a global venture capital firm investing in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. It has had nearly $24 billion in cumulative committed capital since founding in 1977. The firm’s long track record of investing includes more than 230 portfolio company IPOs and more than 390 mergers and acquisitions.