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NEA

healthcare, education, technology, consumer, energy

New York, United StatesEst. 1977180nea.com
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Location
New York, United States
Founded
1977
Team size
180
Focus
Consumer
Revenue
$400M
Raised
$17.0B
People
2 listed

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About NEA

New Enterprise Associates (NEA) is a prominent global venture capital firm established in 1977, dedicated to partnering with visionary founders to build impactful companies across the technology and healthcare sectors. With offices in key innovation hubs like Menlo Park, California, and New York City, NEA has a significant global presence, extending its reach to London, Timonium, and affiliate offices in major Asian cities such as Mumbai, Bangalore, Beijing, and Shanghai. The firm focuses on a full lifecycle investment strategy, engaging with companies from their nascent seed stages through to initial public offerings (IPOs) and beyond.

NEA’s core philosophy is rooted in a 'people-first' approach, fostering enduring partnerships and providing comprehensive operational support that extends far beyond mere capital injection. This commitment involves active collaboration, deep domain expertise, and a vast network of seasoned business leaders, technologists, and entrepreneurs who serve as venture partners, enriching the guidance offered to portfolio companies. The firm prides itself on its internal promotion culture, with general partners averaging 17 years of tenure, cultivating deep institutional knowledge and a consistent investment approach.

Over its nearly five-decade history, NEA has demonstrated a remarkable track record, having facilitated over 280 IPOs and more than 500 mergers and acquisitions, making it one of the largest and most established venture capital firms globally. The firm manages substantial assets, with over $28 billion in committed capital as of 2025, deploying these funds into innovative businesses that are poised to redefine their respective industries. Key achievements include backing transformative companies that have become household names, demonstrating NEA's consistent ability to identify and nurture market leaders.

Under the leadership of Executive Chairman and Chief Investment Officer Scott Sandell, and Co-CEOs Tony Florence and Mohamad Makhzoumi, NEA maintains a dual-track investment model, with dedicated practices for technology and healthcare. This structure allows for specialised expertise and collaborative decision-making, ensuring a thorough evaluation of opportunities at the intersection of these two critical sectors. The firm's investment thesis emphasises scalable, innovative business models that address expansive, rapidly growing markets, with a strategic focus on areas like enterprise software, AI, fintech, life sciences, and digital health.

NEA at a glance

πŸ“…
Stage
Full lifecycle investment strategy, from seed through growth and IPO (stage-agnostic).
🎯
Focus
$700K - $420.0M
⚑
Decision process
Collaborative, consensus-driven decision-making process, leveraging the diverse expertise of its partners and associates. Emphasises a partnership-driven approach.
🏦
Fund structure
Dual-track model with dedicated Healthcare Practice and Technology Practice. Closed approximately USD $6.2 billion across two new funds in January 2023 for early-stage and growth-stage investments.
πŸ”¬
Sector focus
Technology (enterprise software, consumer internet, AI/ML, fintech, SaaS, infrastructure) and Healthcare (life sciences, digital health, medical devices, therapeutics).
πŸ’°
AUM
Approximately USD $28 billion (AUD $39.2 billion as of May 2026)
🧭

Investment thesis

NEA partners with ambitious founders at every stage of company building, investing at the intersection of technology and healthcare. Their core thesis focuses on transformational innovation where deep domain expertise meets world-class technical founders, supporting scalable and innovative business models.

πŸ‘₯

Key partners

S
Scott Sandell
Executive Chairman & Chief Investment Officer

Focuses on technology companies, playing a role in industry-transforming businesses. Actively looks for investments aimed at democratising access to high quality education.

T
Tony Florence
Co-CEO

Focuses on software, internet, and SaaS companies, with an emphasis on growth-stage investments, and consumer brands. Employs a 'people-first' mindset in investing.

M
Mohamad Makhzoumi
Co-CEO

Focuses on healthcare services and technology from early venture to late-stage growth, helping entrepreneurs build and scale transformative companies. Leads company incubation efforts with differentiated investment theses.

A
Ali Behbahani, M.D.
Partner, Co-Head of Healthcare

Specialises in investments in the biopharmaceutical, medical device, specialty pharmaceutical, and healthcare services sectors. Passionate about the potential of new drugs and devices to reshape medicine.

R
Rick Yang
Partner, Head of Technology

Focuses on fintech, consumer, and AI application investments, with a particular interest in gaming and esports. Emphasizes building collaborative and trusted relationships with founders from the earliest stages.

🏒

Portfolio companies

πŸ€–
Databricks
A data and AI platform that enables organisations to unify their data, analytics, and AI workloads.
🚚
Cloudflare
An internet infrastructure and security company that provides content delivery network services, DDoS mitigation, and internet security.
πŸ‘₯
Robinhood
A financial technology company offering commission-free stock, ETF, and cryptocurrency trading through its mobile app.
πŸ“š
Coursera
An online learning platform partnering with universities and organisations to offer courses, specialisations, and degrees.
πŸ€–
Xaira Therapeutics
An AI drug discovery company leveraging artificial intelligence to accelerate drug development and identify novel therapies.
πŸ€–
ElevenLabs
A generative AI company specialising in AI voice synthesis, creating realistic and versatile speech.
πŸ₯
Strive Health
A healthcare technology company focused on improving outcomes and reducing costs for kidney care patients through integrated solutions.

People at NEA (2)

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