New Enterprise Associates Announces Mega Venture Fund of $2.6 Billion
New Enterprise Associates, or NEA, is officially announcing a $2.6 billion fund, one of the largest venture capital funds ever raised. It marks the Washington, D.C.-area company’s 14th time at bat, and its third consecutive fund totaling more than $2.5 billion. The megafund is part of a larger consolidation trend in the industry, in which 10 VC firms now account for nearly one-third of the dollars in the space.
