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Laxman Pai, Opalesque Asia: Global venture capital firm New Enterprise Associates (NEA) closed on approximately $6.2 billion across two funds, bringing the firm's assets under management to over $25 billion.
One fund is dedicated to early-stage. The other is focused on venture growth-stage opportunities, according to a press release from the Proskauer-led, American-based VC firm.
"The new pair of funds marks a first for NEA, with one dedicated to early-stage investing and the other to venture growth-stage opportunities, reflecting the 45-year-old firm's continuous evolution of its model over decades," said the release.
Both funds will be invested across a broad range of technology and healthcare sectors, including enterprise and consumer technology, digital health, and life sciences. Consistent with the firm's strategy over many funds, investing activities will span the entire lifecycle of company building, from incubation and seed-stage investments to fueling the growth of market leaders, it said.
"We are deeply grateful to our Limited Partners for the trust they have placed in our team and excited to have raised the largest pool of capital in NEA's history at a time of great uncertainty, but also a tremendous opportunity," said Scott Sandell, Managing General Partner, NEA.
NEA's history of steadily investing in both technology and healthcare through challenging economic environments spans decades, resulting in a deeply experienced team an...................... To view our full article Click here
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