New Enterprise Associates portfolio and top investments in 2023
Last Updated: January 2023
A global venture capital firm, New Enterprise Associates is one of the largest firms that work with entrepreneurs to build transformational companies around the world. They invest in numerous companies in different industries such as cryptocurrency, artificial intelligence, education, and many more. We have compiled a list of companies that topped New Enterprise Associates’ investment portfolio in 2022.
New Enterprise Associates
Venture capitalists are important for the parts they play in creating the modern computer industry. In a sea full of venture capital firms, only a few of them make massive progress in a very short time. Let us dive deep into the achievement of New Enterprise Associates:
About New Enterprise Associates
An American-based venture capital firm, New Enterprise Associates (NEA) focuses on investment stages ranging from seed stage via growth stage, covering an array of industry sectors. NEA is one of the largest venture capital firms with $25 billion in committed capital.
Founded in 1977 by C. Richard (Dick) Kramlich, Chuck Newhall, and Frank Bonsal, NEA has worked hard in scoring a place in the market. The previous experience of Chuck Newhall in managing an investment fund for T. Rowe Price in the 1970s was helpful for the company. In 1969, Kramlich had worked with noted venture capitalist Arthur Rock, and the other founder, Frank Bosnal was then an investment banker at Alex. Brown & Sons, where he focused on initial public offerings (IPOs) for startup companies. In 1981, NEA backed 3Com together with Jack Melchor and Mayfield Fund.
The earliest NEA investment fund had only $16 million of capital. In 1984, the firm’s second fund raised $45 million, and the third fund collected $125 million of commitments from investors. The firm kept on growing steadily during the 1980s and early 1990s. The company was raising $900 million from 1987 through 1996 across NEA’s subsequent four funds. The firm significantly increased its investment funds size after 1998, initially, starting with NEA-8, and the tenth fund had a whopping $2.3 billion of investor commitments in the year 2000. After raising more than $1.1 billion in 2004 for the firm’s eleventh fund. Next, NEA earned $2.3 billion and $2.5 billion for its subsequent two funds.
Further in 2010, NEA, with its thirteenth investment, had $2.5 billion of investor capital, which is the largest since the Financial Crisis of 2007–2008. NEA closed its fourteenth investment fund in 2012 with $2.6 billion of investor capital.
NEA closed its fifteenth investment in 2015 fund with $3.1 billion in investor capital, which is the largest venture capital fund ever raised. Furthermore, NEA closed its sixteenth investment fund in June 2017 with $3.3 billion in investor capital, which again declared the largest venture capital fund ever raised. Jeff Immelt, former CEO of General Electric, joined the firm as a venture partner in 2018.
Industries/Sectors New Enterprise Associates invests
New Enterprise Associates work with visionary entrepreneurs and business leaders to build genuinely transformational companies of the world.
A few of the firms that NEA invests in are mentioned below:
- Databricks – NEA invested in Databricks in 2014. Databricks offers a unified analytics platform, which is built by the team who created Apache Spark. The company accelerates innovation by unifying data science, engineering, and business.
- Bright Health group – Bright Health Group offers a more innovative, more relevant healthcare experience. The firm’s exclusive partnerships with leading health systems, affordable health insurance plans, and straightforward approach to technology are reshaping how people and physicians achieve better health together.
- Cloudflare – Cloudflare is a web performance and security company. The firm makes websites twice as fast, guards them against attacks, makes sure that they are always online, and makes it simple to add web apps with a single click.
- Desktop Metal – The company is involved in accelerating the transformation of manufacturing with end-to-end metal 3D printing solutions.
- Eargo – They improve the customer experience at every step of the hearing care journey with virtually invisible hearing aids, on-demand licensed hearing professionals, and an advanced personalized app.
Top New Enterprise Associates Investments in 2022
|Organization Name||Organization Industries||Announced Date|
|Bright Health Group||Financial Services, Health Care||06-12-2021|
|Wonder||Consumer, Food and Beverage||14-06-2022|
|MoonPay||Financial Services, FinTech, Mobile Payments||22-11-2021|
|FiscalNote||Artificial Intelligence, Big Data, GovTech||01-08-2022|
|Uniphore||Artificial Intelligence, Machine Learning, SaaS||16-02-2022|
|Branch||App Marketing, Mobile Advertising||10-02-2022|
|Gossamer Bio||Biotechnology, Health Care, Therapeutics||13-07-2022|
|Omio||Internet, Search Engine, Software||20-06-2022|
|Regulus Therapeutics||Biotechnology, Genetics, Health Care, Therapeutics||24-11-2021|
|Everside Health||Health Care, Hospital, Medical, Personal Health||25-07-2022|
|Allakos||Biopharma, Biotechnology, Health Care, Therapeutics||19-09-2022|
|Genies||Apps, Internet, Media and Entertainment||12-04-2022|
|Anyscale||Artificial Intelligence, Developer Platform||07-12-2021|
|Sentry||Application Performance Management, Developer Tools||04-05-2022|
|Senti Biosciences||Biotechnology, Health Care, Medical, Therapeutics||09-06-2022|
|Korro Bio||Biotechnology, Health Care, Pharmaceutical||05-01-2022|
|Beyond Identity||Cyber Security, Identity Management||22-02-2022|
|Mojo Vision||Big Data, Computer Vision||04-01-2022|
|Echodyne||Electronics, National Security, Sensor, Software||13-06-2022|
|Swift Navigation||Autonomous Vehicles, GPS, Hardware||18-10-2022|
|Moximed||Biotechnology, Health Care, Medical Device||16-08-2022|
|Timescale||Computer, Database, Information Services, Software||22-02-2022|
|X4 Pharmaceuticals||Biotechnology, Clinical Trials, Health Care,||30-06-2022|
|HackerOne||Computer, Internet, Network Security||27-01-2022|
|Trevi Therapeutics||Biotechnology, Health Care, Pharmaceutical||07-04-2022|
|Alfred||Home Services, Hospitality||08-03-2022|
|Celcuity||Biotechnology, Health Care, Health Diagnostics||16-05-2022|
|Virtru||Cyber Security, Information Technology||20-01-2022|
|Built Robotics||Artificial Intelligence, Autonomous Vehicles||07-04-2022|
|Inversago Pharma||Biopharma, Biotechnology, Health Care||17-10-2022|
|Super||Apps, Consumer, E-Commerce||02-06-2022|
|Block Renovation||Architecture, Construction, Home Renovation||09-11-2021|
|Candy Digital||Blockchain, Collectibles, Sports||21-10-2021|
|Attest||Analytics, Big Data||27-10-2021|
|Yumi||Baby, Food and Beverage, Organic Food, Wellness||20-12-2021|
|AviadoBio||Biotechnology, Health Care||02-12-2021|
|Forethought||Artificial Intelligence, Customer Service, Enterprise Software||15-12-2021|
|Theorycraft Games||Gamification, Gaming, Media and Entertainment, Video Games||22-09-2022|
|Stride Health||Financial Services, Health Care||26-10-2021|
|Code Biotherapeutics||Biotechnology, Health Care, Life Science||07-06-2022|
|Cohere Technologies||Communications Infrastructure, Computer, Information Technology||22-02-2022|
|InCarey||Health Care, Medical, Pharmaceutical||22-12-2021|
|Merge||Data Integration, Developer APIs||24-10-2022|
|Merge||Data Integration, Developer APIs||03-11-2021|
|Mashgin||3D Technology, Artificial Intelligence, Computer Vision||09-05-2022|
|Pair Eyewear||E-Commerce, Eyewear||14-12-2021|
|Assembled||Customer Service, Information Technology||26-05-2022|
|Recludix Pharma||Biotechnology, Health Care||15-11-2021|
|Splice Bio||Biotechnology, Life Science, Medical, Pharmaceutical||15-02-2022|
|Narmi||Banking, Credit, Financial Services, FinTech||15-06-2022|
|Snowplow Analytics||Analytics, Artificial Intelligence||30-06-2022|
|Jiandanxinli (aka Simple Psychology)||Psychology, Training||09-12-2021|
|Waymark||Health Care, Hospital||04-01-2022|
|Contra||Communities, Freelance, Information Technology||02-11-2021|
|Belong Health||Health Care, Hospital||15-12-2021|
|Kiswe||Broadcasting, Digital Media||29-10-2021|
|ForAllSecure||Autonomous Vehicles, Cyber Security||21-03-2022|
|Smartcar||Automotive, Developer APIs, Software||19-01-2022|
|Thunkable||Apps, Developer Tools, Mobile Apps||08-02-2022|
|Ledgy||FinTech, SaaS, Software||21-09-2022|
|Sorriso Pharmaceuticals||Biotechnology, Pharmaceutical, Therapeutics||22-12-2021|
|Neo Cybernetica||Artificial Intelligence, Information Technology, Software||09-02-2022|
|Evernow||Fitness, Health Care, Wellness, Women's||06-04-2022|
|Arkestro||Predictive Analytics, Procurement, Productivity Tools||14-06-2022|
|Datafold||Analytics, Application Performance Management, Big Data||09-11-2021|
|Clockwork Systems||Cloud Computing, Real Time, Software||16-03-2022|
|SafeBase||Cloud Security, Cyber Security||10-03-2022|
|Wheelhouse||Big Data, Hospitality, SaaS||20-04-2022|
|SeMI Technologies||Cloud Computing, Database, Enterprise Software||22-02-2022|
|Bliq||Delivery Service, Information Technology||11-05-2022|
|Proof of Learn||Blockchain, Cryptocurrency, EdTech||13-01-2022|
|Wispr||Artificial Intelligence, Consumer Electronics||24-10-2022|
|Wispr||Artificial Intelligence, Consumer Electronics||30-11-2021|
|Higlobe||Finance, Financial Services, FinTech, Payments||18-08-2022|
|hOS||Artificial Intelligence, Information Technology, Software||09-02-2022|
|NODAR||3D Technology, Artificial Intelligence, Autonomous Vehicles||12-04-2022|
|Antimatter||B2B, Infrastructure, SaaS, Security||31-03-2022|
|DeltaStream||Database, Information Technology||13-07-2022|
|Union.ai||Artificial Intelligence, Software||12-04-2022|
|PixieBrix||Industrial Automation, SaaS, Web Development||26-07-2022|
|Kira Learning||Artificial Intelligence||07-06-2022|
|Kira Learning||Artificial Intelligence||16-01-2022|
|AI Squared||Artificial Intelligence, Information Services||27-06-2022|
|Change||Analytics, Internet, Sharing Economy, Social||11-07-2022|
|Pin||Communities, Financial Services, Legal, Venture Capital||18-08-2022|
|Jomboy Media||Advertising, Media and Entertainment||05-05-2022|
|Graft||Artificial Intelligence, Machine Learning, SaaS, Software||10-05-2022|
|Glacier||Artificial Intelligence, Recycling, Robotics, Waste Management||19-04-2022|
|Regression Games||Artificial Intelligence, Gaming||29-06-2022|
|Aigen||Agriculture, Hardware, Robotics||03-01-2022|
|Elion||Health Care, Information Services||25-10-2022|
Important New Enterprise Associates Investment’s Profile
The New Enterprise Associates includes the following companies:
Bright Health Group
Bright Health Group is a diversified healthcare financing and distribution platform that offers healthcare services at affordable rates. Founded in 2016 by Kyle Rolfing, Robert John Sheehy, and Tom Valdivia, Bright Health Group strives to bring the health industry to the next level by enabling the population to access affordable healthcare. Based in Minneapolis, Minnesota, United States, Bright Health Group raised $750 million post-IPO from Cigna Ventures and New Enterprise Associates on December 12, 2021. To date, the total funding for Bright Health Group is about $2.4 billion. From health insurance to care coordination, Bright Health Group has been providing unique financing, distribution and care models.
Wonder, a food delivery platform that operates on a truck-based delivery network, was founded in 2018. Marc Lore, the founder and CEO of Wonder, aims to focus on providing fresh food through a centralized food handler network. Located in New York, New York, United States, Wonder specializes in fresh food delivery. In December 2021, Wonder raised over $350 million in funding from investors such as Bain Capital Ventures and other leading investors. To date, Wonder has raised $850 million in total funding, and it continues to be a top competitor in the food delivery market.
MoonPay is an international digital payment provider that enables its users to send, receive, and hold cryptocurrency. Founded in 2018 by Victor Faramond, MoonPay aims to provide a cryptocurrency payment system that allows people to make fast and secure payments while maintaining the protection of their privacy. Headquartered in Miami, Florida, United States, MoonPay is a fully licensed international payment service provider. The company raised about $555 million in funding from a group of large investors, including Coatue, Tiger Global Management and other prominent investors. While the total funding for MoonPay stands at $642 million, it continues to be the leading cryptocurrency payment platform in the world.
Based in Washington, District of Columbia, United States, FiscalNote is a technology company that provides advanced analytics and data services for the government. With the goal of modernizing the government, FiscalNote’s core purpose is to make the government more efficient and increase its efficiency. Chris Brummer, Gerald Yao, Jonathan Chen, and Tim Hwang founded FiscalNote in 2013. Raising $100 million in funding from Mayo Capital Partners LLC and other investors on August 1, 2022, FiscalNote has received $625.5 million in funding so far. This technology company continues to be a top competitor in the government analytics and data services industry.
Founded in 2008 and located in Palo Alto, California, United States, Uniphore is a global conversational AI technology company that provides a customer service platform based on AI and automation technologies. The company was founded by Ravi Saraogi, and Umesh Sachdev, who focused on building a comprehensive conversational AI platform. On February 16, 2018, Uniphore raised $400 million in Series E funding from the strategic investor New Enterprise Associates and other prominent investors. To date, the total funding for Uniphore stands at $620.9 million. With the help of AI and automation, Uniphore continuously adapts to its client’s needs and provides the most advanced conversational experiences to millions of customers worldwide.
Branch, which powers thousands of today’s top brands, assists companies in driving seamless mobile experiences. Working on referral marketing solutions, content sharing, deep views, and brand protection, Branch provides the tools for businesses to focus on their core competencies. Founded in 2014 by Alex Austin, Dmitri Gaskin, Mada Seghete, and Mike Molinet, Branch is headquartered in Palo Alto, California, United States. Branch raised about $282 million in Series F funding on February 10, 2022, from investors, including New Enterprise Associates and other top-tier investors. The total funding of the Branch is nearly $609.1 million, and it has been a great help in streamlining businesses worldwide.
Based in San Diego, California, United States, Gossamer Bio is a biotechnology company that researches and develops therapeutic products. The company was founded by Faheem Hasnain and Sheila Gujrathi in 2015 with the intention of advancing therapeutic treatments through innovative research and development. On July 13, 2022, Gossamer Bio raised $120 million from Boxer Capital, Avenue Partners, New Enterprise Associates and other top-tier investors. The total funding for Gossamer Bio stands at $600 million up until now, and it continues to maintain its position as one of the top biotech companies in the world.
Founded in 2013 and headquartered in Berlin, Berlin, Germany, Omio provides an all-in-one platform for all your traveling needs. From the rail and air to the road, Omio suggests the best route, best time, and best costs for your entire journey. The company was founded by Naren Shaam, aiming to improve travel information services worldwide. Omio raised $80 million in Series E funding from various investors, including Goldman Sachs Asset Management, New Enterprise Associates and other top-tier investors. The total funding of Omio stands at $476 million to date. With the help of its AI system, Omio helps millions of users worldwide to travel seamlessly.
Founded in 2007 and located in San Diego, California, United States, Regulus is a biopharmaceutical company developing biological therapeutics to treat diseases. For the benefit of patients with genetically based orphan diseases, Regulus strives to produce significant, innovative oligonucleotide therapies that are intended to block dysregulated microRNA targets. Jay Hagan, the founder of Regulus, had a vision of helping patients suffering from these diseases to live better lives. With total funding of $365.9 million, Regulus Therapeutics raised $34.6 million from investors such as Federated Kaufmann Fund and New Enterprise Associates. Thus, Regulus continues to be an innovative leader in the biotech industry.
Everside Health is an innovative healthcare company that is a direct primary care provider which offers on-site, nearby, and virtual care options. Founded in 2010 by Rebecca Steinfort in Denver, Colorado, United States, Everside Health is dedicated to providing the highest quality of services. The company is committed to providing accessible, affordable and patient-centered care to everyone. With its wide range of services, Everside Health provides members with the best experience in health and wellness. In 2022, the company raised $164 million from New Enterprise Associates. While the total funding of Everside Health stands at $329 million up until now and it continues to be the leader in direct primary care.
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