NEA Raises $2.6B For VC Fund, Setting Record For 2012

Law360, New York (July 25, 2012, 12:59 PM EDT) -- Venture capital firm New Enterprise Associates Inc. has raised $2.6 billion for its latest fund, the largest this year in the ever-consolidating venture capital industry, as the firm eyes new investments in the technology, energy and health care sectors, the company said Wednesday.

With the announcement, the Chevy Chase, Md.-based firm, known for backing popular startups including Groupon and Diapers.com, confirms that its streak of raising multibillion-dollar funds – even in the wake of tough U.S. economy – continues. Its last three funds have closed around...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.