New Enterprise Associates, the 41-year-old venture firm with offices in Menlo Park; San Francisco; Boston; New York; Chevy Chase, Md.; and Washington, D.C., is raising its biggest fund ever, shows a new SEC filing that shows target of $3.6 billion.
The fund, its seventeenth, is just slightly bigger than the $3.3 billion fund the firm closed in 2017, which was its biggest fund at the time. Indeed, NEA has been known for many years for raising among the biggest funds in the industry, though these once brow-raising amounts have become somewhat less remarkable in a world where venture firms routinely close on record-breaking pools of capital.
