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, 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...
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