Enterprise

New Enterprise Associates Announces Mega Venture Fund of $2.6 Billion

Published on July 24, 2012
by Tricia Duryee

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.

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URL: http://allthingsd.com/20120724/new-enterprise-associates-2-6-billion-mega-venture-fund-becomes-official/