type private industry venture capital founded 1977 founder richard kramlich chuck newhall frank bonsal headquarters sand hill road menlo park california & chevy chase maryland number of locations 9 total assets 18 billion website www.nea.com new enterprise associates nea is an american worldwide venture capital firm . nea focuses on a variety of investment stages ranging from seed stage through growth stage . nea invests across a broad array of industry sectors . with over 18 billion in assets under management nea ranks as the world s largest venture capital firm . 1 2 3 2 4 5 contents 1 description 2 investments 3 references 4 external links description edit the firm is headquartered in menlo park california and washington d.c. 3 and has additional offices in baltimore bangalore beijing boston mumbai new york and shanghai . 6 since its founding nea invested in over 650 companies and realized nearly 500 liquidity events with close to 200 portfolio company ipos and 300 portfolio company acquisitions 2 making nea one of the most prolific and successful venture capital firms . the firm was founded in 1977 by c. richard dick kramlich chuck newhall and frank bonsal . 7 kramlich had worked with noted venture capitalist arthur rock beginning 1969 and frank bosnal had been an investment banker at alex. brown & sons where he focused on initial public offerings ipos for startup companies . 7 chuck newhall had previously managed an investment fund for t. rowe price in the 1970s . the firm was founded with offices on both the east coast and the west coast . among the firm s first investments was 3com which nea backed along with mayfield fund and jack melchor in 1981 . 8 the first nea investment fund had only 16 million of capital . the firm s second fund raised 45 million and the third fund collected 125 million of commitments from investors in 1984 . the firm continued to grow steadily throughout the 1980s and early 1990s raising 900 million from 1987 through 1996 across nea s next four funds . 7 beginning with nea 8 in 1998 the firm greatly increased the size of its investment funds . nea s tenth fund had 2.3 billion of investor commitments in 2000 . after raising a more modest 1.1 billion in 2004 for the firm s eleventh fund nea was able to raise 2.3 billion and 2.5 billion for its next two funds respectively . 9 10 in 2010 nea launched its thirteenth investment fund with 2.5 billion of investor capital the largest since the financial crisis of 2007 08 . 11 in 2012 nea closed its fourteenth investment fund with 2.6 billion of investor capital . 2 5 in april 2015 nea closed its fifteenth investment fund with 3.1 billion in investor capital the largest venture capital fund ever raised . 12 investments edit the firm s investments include 3com appian bloom energy braintree boingo wireless box careerbuilder climate corporation coursera cvent diapers.com duolingo fusion io groupon gilt groupe houzz juniper networks the learning company lot18 macromedia mongodb mulesoft nicira opower pentaho raise marketplace salesforce.com sciencelogic semiconductor manufacturing international corporation spreadtrum swiftype tableau software tivo topera medical vonage webmd workday and zerofox . 13 references edit gutsy venture firm new enterprise associates brings home results . venturebeat january 4 2007 a b c d nea history company website a b dan primack november 7 2011 . nea the vc world s best kept secret . fortune . archived from the original on april 3 2015 . retrieved september 27 2016 . nea raising 2.5 billion for what could become the largest vc fund in history . tech crunch may 9 2012 a b new enterprise associates closes 2.6 billion in one of largest venture funds ever . forbes july 2012 new enterprise associates sets up boston office . pe hub november 14 2013 a b c udayan gupta 2000 . richard kramlich new enterprise associates . done deals venture capitalists tell their stories . harvard business press . pp. 191 193 . isbn 9780875849386 . retrieved september 27 2016 . pelkey james . entrepreneurial capitalism and innovation a history of computer communications 1968 1988 new enterprise associates closes new 2.5 billion fund . silicon valley business journal july 23 2006 2.5 billion in search of an exit . deal book . new york times . july 12 2006 . retrieved september 27 2016 . tim mullaney january 21 2010 . venture capitalist dick kramlich s last stand . bloomberg business week . retrieved september 27 2016 . alex konrad april 15 2015 . vc firm nea raises a record 3.1 billion for fifteenth fund . forbes . retrieved september 27 2016 . portfolio nea new enterprise associates . new enterprise associates . retrieved 2014 09 26 . external links edit new enterprise associates company website lohr steve . venture capital looking for stars . new york times december 24 1992 v t e private equity and venture capital investment firms investment strategy venture growth mezzanine secondaries leveraged buyout history history of private equity and venture capital early history of private equity private equity in the 1980s private equity in the 1990s private equity in the 2000s investors angel investor corporate venture capital commercial bank crowdfunding institutional investor insurance company investment bank endowment family office fund of funds high net worth individual merchant bank pension fund sovereign wealth fund private equity firms venture capital firms portfolio companies retrieved from https en.wikipedia.org w index.php title new enterprise associates & oldid 741497594 categories venture capital firms of the united statescompanies established in 1978companies based in menlo park californialife sciences industry navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout 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