New Enterprise Associates
New Enterprise Associates (NEA) is a private multi-stage venture capital firm investing across technology and healthcare from seed to IPO. Founded in 1977 and headquartered in Menlo Park, NEA manages over $28 billion in assets for institutional limited partners and serves founders globally through offices in the US, UK, and partner networks in Asia.
- Company typePrivate
- Founded1977
- HeadquartersMenlo Park, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What New Enterprise Associates does
New Enterprise Associates (NEA) is a private, multi-stage venture capital firm established in 1977 and headquartered in Menlo Park, California. The firm invests across the technology and healthcare sectors from seed and early stages through growth, public, and PIPE rounds, managing over $28 billion in assets as of February 2026 and serving founders, management teams, and institutional limited partners globally from offices in Menlo Park, New York, San Francisco, Timonium (Maryland), and London, with investment partnerships extending to China and Japan. NEA operates a co-headed practice structure (Healthcare co-led by Ali Behbahani and Paul Walker; Technology led by Rick Yang) and maintains a dedicated AI Strategy function under Partner Lila Tretikov, with Tony Florence and Mohamad Makhzoumi serving as Co-CEOs and Scott Sandell as Executive Chairman & CIO.
NEA's product architecture consists of multiple fund vehicles rather than a single offering: the flagship NEA 19 core venture fund, the NEA 19 Venture Growth Equity fund, and the NEA 19 Access Fund, with related general-partner and limited-partner entities forming the standard venture fund partnership structure. The firm also jointly operates Connect Ventures, a consumer/creator-economy seed and Series A vehicle formed in 2020 with Creative Artists Agency (CAA). Revenue is generated through traditional fund economics: management fees on committed capital from accredited limited partners and qualified purchasers, plus carried interest on successful portfolio exits. Cumulative liquidity figures disclosed as of September 2025 include 230+ IPOs, 500+ M&A outcomes, 270+ billion-dollar businesses, and 100+ unicorns created across the firm's nearly five-decade history.
The firm's primary customer segments are founders and management teams of technology and healthcare companies, alongside institutional limited partners committing capital to NEA's funds. Notable portfolio holdings span enterprise infrastructure (Cloudflare, MongoDB, Databricks), fintech (Robinhood, Plaid, Slash Financial), digital health (Tempus, House Rx, Strive Health), biotech (CRISPR Therapeutics, Arcellx, Abcuro), and consumer platforms (Patreon, Beehiiv, Coursera), with recent thematic concentration in vertical AI, AI infrastructure, and AI-enabled healthcare. The firm uses thought-leadership content marketing, Forbes Midas List recognition, and co-investment relationships (Khosla Ventures, NVIDIA, Drive Capital, Access Industries) as primary go-to-market mechanisms, while capital deployment is conducted through direct partner-led relationships.
New Enterprise Associates firmographics
Firmographics- Name
- New Enterprise Associates
- Legal name
- New Enterprise Associates
- Website
- http://www.nea.com
- Company type
- Private
- Founded year
- 1977
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- New Enterprise Associates (NEA) is a private multi-stage venture capital firm investing across technology and healthcare from seed to IPO. Founded in 1977 and headquartered in Menlo Park, NEA manages over $28 billion in assets for institutional limited partners and serves founders globally through offices in the US, UK, and partner networks in Asia.
- Ownership category
- akta.pro rank
New Enterprise Associates industry classification
Industry- Product category
- Venture Capital
- NAICS
- Portfolio Management and Investment Advice (523940), Other Financial Vehicles (52599)
- SIC
- Services-Management Consulting Services (8742)
- akta.pro primary industry
- Institutional Capital Introduction (LP/Family Office/Endowment Matching) (FSAEALAI)
Keywords
Where New Enterprise Associates is headquartered
LocationHeadquarters
- HQ city
- Menlo Park
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
New Enterprise Associates business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Fund Management Fees & Carried Interest: As a registered investment adviser managing multiple venture and venture-growth-equity funds (including NEA 19, L.P. and NEA 19 Venture Growth Equity, L.P.), NEA generates revenue from limited-partner management fees on committed capital and carried interest (performance-based gains) on successful portfolio exits. Liquidity figures referenced include 230+ IPOs, 500+ M&A, and 270+ billion-dollar businesses historically (as of September 2025).
- Fund Capital Formation: NEA raises successive vintage funds from limited partners including institutional investors, sovereign-related entities (e.g., $100M LP investment from Japan Innovation Corporation into NEA 19 vehicles), and other accredited investors / qualified purchasers. Fund sizes scale with AUM (over $28 billion as of February 2026).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Private fund commitments offered via confidential offering documents to accredited investors/qualified purchasers |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
New Enterprise Associates product offering
Product offeringCore offering
New Enterprise Associates (NEA) is a venture capital firm that manages over $28 billion in assets across multiple venture and venture-growth-equity funds (including NEA 19, NEA 19 Venture Growth Equity, and NEA 19 Access Fund). The firm deploys multi-stage equity capital—from seed and Series A through growth, IPO, and PIPE—into technology and healthcare companies, providing patient capital, sector expertise, and company-building partnership to founders across the firm's global offices.
Product overview
New Enterprise Associates (NEA) is a global venture capital firm established in 1977, structured as a platform-plus-funds architecture rather than a unified single product. Their core offerings consist of multiple investment funds — the flagship NEA 19 (New Enterprise Associates 19, L.P.) core venture fund, NEA 19 Venture Growth Equity (NEA 19 VGE) growth fund, and NEA 19 Access Fund — all offered in partnership with NEA Partners 19, L.P. and related entities. As a sub-product, NEA co-manages Connect Ventures, a joint venture fund with Creative Artists Agency focused on Seed and Series A consumer-tech investments. Supporting these financial products, NEA maintains the nea.com information website — an informational service that provides portfolio company listings (Enterprise, Consumer, Fintech, Life Sciences, Digital Health categories), team profiles, blog insights and thought-leadership content, press releases, and ancillary portals including the Limited Partner Login (portal.nea.com) and Portfolio Jobs (careers.nea.com). The firm manages over $28 billion in assets and invests from seed through growth stages across technology and healthcare.
Differentiator
Problem solved
Functional benefit
Brands
- Connect Ventures: Seed and Series A venture capital firm originated as a joint venture between Creative Artists Agency (CAA) and NEA, focused on tech-enabled consumer businesses across media, entertainment, sports, gaming, health, and e-commerce
Products and services
- NEA 19 (New Enterprise Associates 19, L.P.) Core venture capital fund offered by NEA, raised by NEA Partners 19, L.P. Targets investments in technology and healthcare companies across stages. Available to accredited investors and qualified purchasers through confidential offering documents.
- NEA 19 Venture Growth Equity (NEA 19 VGE) Venture growth equity fund offered by NEA, raised by NEA Partners 19 VGE, L.P. Focuses on later-stage growth investments. Available to accredited investors and qualified purchasers through confidential offering documents.
- NEA 19 Access Fund (L.P.) Access fund offered by NEA, raised by NEA 19 Access Fund, L.P. with NEA 19 Access Fund GP, LLC as general partner. Provides additional access to the NEA 19 investment strategy.
- Connect Ventures A venture capital firm originated as a joint venture between Creative Artists Agency (CAA) and NEA. Focuses on Seed and Series A investments in tech-enabled consumer businesses across media, entertainment, sports, gaming, health, and e-commerce. Has made over thirty investments including TMRW Sports, OpenSea, and Jomboy Media.
Quantifiable outcome
- Over $28 billion in assets under management (Feb 2026)
- +3 more outcomes
Companies that use New Enterprise Associates
Customer profileNamed customers41 records
Segments4 records
Ideal customer profiles4 records
New Enterprise Associates technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
New Enterprise Associates partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core, flagship and minor.
- NVIDIAcoreNVIDIA participated alongside NEA in Vast Data's $1B Series F at $30B valuation (April 2026); NEA and NVIDIA frequently co-invest across AI infrastructure deals, reinforcing a strategic relationship between NEA's portfolio and NVIDIA's AI compute platform.
- Creative Artists Agency (CAA)flagshipJoint venture partner in Connect Ventures (founded 2020). In January 2026, NEA and CAA appointed Nicole Quinn and Michael Blank as Co-Heads / Managing Partners of Connect Ventures, with Adam Friedman named Venture Partner. The JV focuses on Seed/Series A investments in tech-enabled consumer businesses across media, entertainment, sports, gaming, health, and e-commerce, and has made over 30 investments including TMRW Sports, OpenSea, and Jomboy Media.
- Stanford Engineering Venture FundminorRick Yang (NEA Partner, Head of Technology) serves on the boards of the Stanford Department of Athletics' investment fund and the Stanford Engineering Venture Fund, supporting NEA's Stanford-affiliated sourcing network.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
New Enterprise Associates competitors and assessment
Company assessmentDirect peers
- Khosla Ventures: Multi-stage technology and healthcare investor frequently co-investing alongside NEA (e.g., Slash Financial, Sakana AI, Sekai). Khosla shares NEA's tech-forward, science-heavy investing DNA and is a recurring partner/competitor.
- General Catalyst: Multi-stage venture firm with technology and healthcare arms. General Catalyst is comparable to NEA in scale, stage coverage (seed to growth), and ambition to provide full-lifecycle partnership to founders.
- Andreessen Horowitz (a16z): Mega-stage VC firm with sector-specialized practices across AI, bio, fintech, crypto, and consumer. a16z competes with NEA across nearly every technology investing category and operates a similar full-lifecycle platform.
- Kleiner Perkins: Historic venture firm investing across technology and healthcare across stages. Kleiner Perkins and NEA have parallel mandates and frequently co-invest (e.g., Synthesia Series E), with overlapping portfolio companies in biotech and consumer.
- Bessemer Venture Partners: Long-tenured multi-stage venture firm with a focus on cloud, healthcare, and consumer. Bessemer co-invests with NEA (e.g., House Rx) and shares a similar institutional LP structure and growth-stage orientation.
- Greylock Partners: Silicon Valley-based early-stage and growth venture firm focused on enterprise software, consumer, and fintech. Greylock competes with NEA for founder relationships in the Bay Area and shares an enterprise-software investment thesis.
- GV (Google Ventures): Multi-stage venture arm of Alphabet investing across software, life sciences, and frontier tech. GV co-invests with NEA in AI and healthcare (e.g., Translucent, Synthesia) and competes for similar high-conviction growth-stage allocations.
- Sequoia Capital: Premier multi-stage venture firm investing across technology and healthcare from seed to growth. Sequoia is NEA's most direct competitor for top-tier US tech allocations and shares a similar multi-stage, multi-sector mandate.
- Lightspeed Venture Partners: Multi-stage global VC with deep US, India, and Israel presence. Lightspeed has overlapping portfolio companies (e.g., Beehiiv) and similar enterprise/consumer coverage, making it a direct comparable for cross-stage deal flow.
- Accel: Long-running US/global venture firm with seed-to-growth coverage in software, fintech, and consumer. Accel competes with NEA for enterprise and consumer deals and has similar institutional LP backing.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
New Enterprise Associates social profiles
Digital presenceNew Enterprise Associates financial estimates
Financial estimateRevenue estimate
Valuation estimate
New Enterprise Associates leadership team
Management profileNumber of profiles
Profiles15 records
New Enterprise Associates subsidiaries and ownership
Company hierarchySubsidiaries2 records
New Enterprise Associates funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
New Enterprise Associates M&A and investment
M&A and investmentM&A2 records
Investments2518 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about New Enterprise Associates
What does New Enterprise Associates do?
New Enterprise Associates (NEA) is a venture capital firm that manages over $28 billion in assets across multiple venture and venture-growth-equity funds (including NEA 19, NEA 19 Venture Growth Equity, and NEA 19 Access Fund). The firm deploys multi-stage equity capital—from seed and Series A through growth, IPO, and PIPE—into technology and healthcare companies, providing patient capital, sector expertise, and company-building partnership to founders across the firm's global offices.
Is New Enterprise Associates a public or private company?
New Enterprise Associates is a private company. It is classified as unknown and is currently operating.
When was New Enterprise Associates founded?
New Enterprise Associates was founded in 1977. It employs 101 to 250 people.
Where is New Enterprise Associates based?
New Enterprise Associates is headquartered in Menlo Park, United States, in the North America region.
How does New Enterprise Associates make money?
Two revenue lines are on record. Fund Management Fees & Carried Interest is the primary driver. The others are fund Capital Formation.
Who are New Enterprise Associates's main competitors?
Direct peers on record are Khosla Ventures, General Catalyst, Andreessen Horowitz (a16z), Kleiner Perkins, Bessemer Venture Partners, Greylock Partners, GV (Google Ventures), Sequoia Capital, Lightspeed Venture Partners and Accel.
Does New Enterprise Associates have an API?
No public API is recorded for New Enterprise Associates.
What industry is New Enterprise Associates in?
New Enterprise Associates's product category is Venture Capital. Its primary akta.pro industry code is FSAEALAI, Institutional Capital Introduction (LP/Family Office/Endowment Matching). Its NAICS code is 523940 and its SIC code is 8742.