Chevy Chase, Md. – Chevy Chase-based New Enterprise Associates has raised over $2.08 billion for its newest venture fund, according to regulatory filings.
NEA is expected to close the new fund, called NEA 14, at $2.56 billion later this year. NEA previously closed on a $2.5 billion fund in Jan., 2010.
The firm, with offices in Chevy Chase, Silicon Valley and Baltimore, currently has more than $11 billion in committed capital and has funded more than 650 companies in the information technology, energy technology and healthcare sectors. One of its most lucrative recent investments was in Chicago-based Groupon, which went public earlier this year.
This article was also published in Potomac Tech Wire.
Related links:
New Enterprise Associates – official site
SEC – NEA’s filing
Photo by Flickr user 401K, used under Creative Commons license
