New Enterprise Associates related stories
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XTuit racks up $22 mln in NEA-led roundCambridge, Massachusetts-based biopharmaceutical company XTuit Pharmaceuticals Inc has secured $22 million in Series A funding. New Enterprise Associates led the round with participation from Polaris Partners, CTI Life Sciences, Arcus Ventures and Omega Funds. In addition to the funding, David Mott, a general partner at New Enterprise Associates, has been appointed to XTuit's board.
- Duolingo grabs $45 mln from Google Capital
Language learning platform Duolingo has secured $45 million in funding. Google Capital led the round.
LACERS commits combined $45 million to NEA, IVPThe Los Angeles City Employees’ Retirement System (LACERS) continues to boost its exposure to the lower end of the private equity market, having recently allocated $45 million across a pair of late stage venture capital and growth equity funds, according to June 9 meeting materials.
- Shipping app Fetchr grabs $11 mln
Shipping app Fetchr has secured $11 million in Series A funding. New Enterprise Associates led the round. Fetchr's other backers include Triple Point Capital, Endeavor Catalyst, Winklevoss Capital and Delta Partners.
- TabbedOut snaps up $21.5 mln Series C
TabbedOut, a mobile payment app for bars and restaurants, has raised $21.5 million in Series C funding. Wellington Management Company led the round with participation from return backers New Enterprise Associates and Morgan Creek Capital Management.
- Nomination app Blend raises Series A round led by NEA
San Francisco-based Blend announced it has raised $6.3 Million in a Series A round led by New Enterprise Associates. Metamorphic Ventures, Red Sea Ventures, Great Oaks Capital, the Al Nowais family from Dubai’s Waha Capital and previous investors CAA Ventures, Foundation Capital, Galvanize Ventures, BaseVC, among others, also participated in the round. As part of the funding, Sheel Tyle, a principal with NEA, has joined the board. Blend previously raised $2.7 million in seed funding.
Big-fund Texas portfolio benefits from venture’s up cycle--VCJ fund performance reportWinners in the Texas County and District Retirement System venture portfolio include OrbiMed, Khosla, TCV.
- IPO Profile: Adaptimmune Therapeutics PLC
The U.K.-based biotech company was backed by NEA and OrbiMed, among others
- GumGum rakes in $26 mln Series C
Advertising platform GumGum has raised $26 million in Series C funding. Morgan Stanley Expansion Capital led the round with participation from other investors that included New Enterprise Associates, Upfront Ventures and First Round Capital.
- NEA to provide $5 mln to Speedinvest's second fund
New Enterprise Associates is planing on making a $5 million investment in Speedinvest's newly launched second fund. NEA is anticipating that it will provide $50 million in follow-on funding for Speedinvest's portfolio companies. Speedinvest's second fund will focus on backing European startups.