New Enterprise Associates related stories
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MapR Technologies Closes on $30M Series CMayfield Fund led a $30 million Series C round for Hadoop technology company MapR Technologies Inc. Existing investors Lightspeed Venture Partners, NEA and Redpoint Ventures also participated, bringing total funds raised to $59 million. The Series C round will be used for expansion, and research and development.
- New Enterprise Associates Announces "NEA Studio" to Launch in New York's Union Square
New Enterprise Associates, the venture capital firm, has launched NEA Studio, a new, New York-based 12-week program program for designers who found mobile and Web startups and who will work alongside NEA investors and design experts, including IDEO founder David Kelly. According to NEA, designers best suited for the program will be able to "take a side project to a full company with the three-month period."
- Nevro Raises $48M for Medical Devices
Nevro Corp., a medical device company focused on improving pain relief, has raised $48 million in Series C financing. New investor Novo Ventures led the round, and was joined by New Enterprise Associates and Covidien Ventures. Existing investors participating in this financing round included Accuitive Medical Ventures, Bay City Capital, Johnson & Johnson Development Corporation, Mayo Clinic, MPM Capital, and Three Arch Partners. Nevro is based in Menlo Park, Calif.
Fund Performance: JMI Equity Tops Hawaii ERS ScorecardFunds by TA Associates, Oak Investments Partners and NEA also rank high in the state pension fund’s latest report
Slow Winter for VC-backed IPOsOnly three new debuts in the year through mid-February, but industry observers say the JOBS Act should help keep the pipeline flowing
VCs on the Move: Ganesan, Pishevar and DanfordVenky Ganesan leaves Globespan for Menlo Ventures, where Shervin Pishevar transitions to new role; and other hires and promotions from the venture community
SV Angel, Sequoia, IA Are Venture’s Top Three Big Data InvestorsBig data means big business for venture investors. Venture capital going to startups with big-data-related business plans came close to $1.4 billion last year and accounted for more than 5% of all venture dollars placed with young companies.
- Stormpath Closes On $8.2M
Stormpath, maker of a secure user management and authentication service for developers, has closed on $8.2 million in Series A financing. New Enterprise Associates and Pelion Venture Partners led the round, with participation from Flybridge Capital Partners.
NEA Kicks Off January With Seven Deals, Leads All Venture InvestorsAccel Partners was the second most active investor during the month, backing six deals
Patience Pays Off in Xoom IPOShares of Xoom, a provider of online international money transfers, shot up more than 40% in first-day trading after pricing above their projected range. The offering should be particularly lucrative for Xoom’s largest shareholders, Sequoia Capital and New Enterprise Associates.