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Startups Venture

NEA Raising $3.6B In Its Most Massive Fund To Date

Prolific venture investor has with the SEC indicating its intent to raise as much as $3.6 billion for a new investment fund. The fund would be its largest yet if it meets or exceeds the target, surpassing the $3.3 billion it in 2017.

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According to the filing, the first sale has “yet to occur” and the offering should not take more than one year.

Menlo Park-based NEA has made more than since its inception in 1977, more than one-third of them, according to Crunchbase data. It made nine investments in February alone, including participating in $93 million and ’s $80 million . Generally, it likes to invest in biotech, health care and software companies although its portfolio is varied.

NEA has also seen more than 300 over time, including , and .

The filing lists the firm’s 10 general partners, including , , , , , , ,, , and .

Crunchbase News reached out to NEA seeking comment and will update the story once they get back to us.

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