New Enterprise Associates Bags Nearly $2.5 Billion For Thirteenth Fund
Posted by Avashya - India Web 2.0 News on Jan 6, 2010 in Digital Media News |
New Enterprise Associates (NEA) this morning announced (PDF) the official close of its thirteenth fund, which it began investing in May 2009. At nearly $2.5 billion, it is comparable in size to NEA’s prior fund, which closed in 2006 and was just over $2.5 billion. According to NEA, its fund XIII represents an estimated 17 percent of all U.S. venture capital funds raised in 2009 and is the largest single fund raised since 2007. The new capital commitments brings the venture capital firm's total to more than $11 billion across all of its funds.