New Enterprise Associates

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New Enterprise Associates (NEA) based in Baltimore, Maryland is one of the world's leading venture capital firms focused on information technology and healthcare investments.

NEA was founded in 1978 by Chuck Newhall, Frank Bonsal and Dick Kramlich and has over $8.5 billion under management, making it one of the oldest and largest venture firms in the world. NEA has been a consistent top performer, and its latest funds (NEA 10 and NEA 11) are top decile performers.^{[citation needed]}

History

History of private equity and venture capital

Early History (Origins of modern private equity) • The 1980s (LBO boom) • The 1990s (LBO bust and the VC bubble) • The 2000s (Dot-com bubble to the Credit crunch)

v • d • e

NEA's best-known investments include Apple, Inc., TiVo, and Juniper Networks. NEA's management team has invested in over 500 companies. Approximately 200 have gone public and 195 have been acquired. NEA has offices in Reston, Virginia, Menlo Park, California and Chevy Chase, Maryland.

NEA was one of the original venture capital investor in HealthSouth Corporation. NEA co-founder Chuck Newhall also served on the HealthSouth board of directors from 1984 until 2003.

In 2005 NEA announced its backing of Northern Light (not the search engine), a venture capital fund co-founded by Chinese entrepreneurs Feng Deng, Yan Ke, and Min Zhu, who co-founded and was president of NEA portfolio company WebEx Communications. The firm has also since opened an office in India.

NEA plans to move its headquarters from Baltimore to Timonium. In a letter to Baltimore Mayor Sheila Dixon that received widespread media coverage, NEA General Counsel Louis Citron blamed a "high level of crime in our neighborhood," for the move, writing:

"Over the last several years, many of our cars have been broken into resulting in very expensive repairs, our employees have been robbed at gun point, drug needles and used condoms have been left on our front stoop, and psychotic homeless people have menaced our employees and threatened to kill them. We have voiced our frustrations to the local community leaders and police, but the environment has only worsened. The recent local beatings by roving teenagers during the day in this neighborhood, the raucous club in the basement of the Belvedere, and other gang violence throughout the city reinforces the appropriateness of New Enterprise Associates’ decision to move in order to protect its employees."^[1]

References

External links

• New Enterprise Associates
• Northern Light announcement

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