NEA's Megafund 14 Closes on $2.08B, Ups Target to $2.56B
May 10, 2012
New Enterprise Associates has closed on $2.08 billion for its fourteenth fund and also boosted the fund's target to $2.56 billion. The fund's predecessor, New Enterprise Associates 13, held its final close on $2.5 billion in early 2010. Since its founding in 1978, NEA has funded more than 650 companies in the IT, energy technology and healthcare sectors.