New Enterprise Associates related stories
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NEA Backs 42Floors42Floors announced in a blog post http://42floors.com/blog this morning that it has raised a $12.3 million Series B round of funding that was led by New Enterprise Associates and includes Bessemer Venture Partners and Thrive Capital, two of the company's Series A investors, and new investor Columbus Nova Technology Partners.
- Eugene Chung Joins TechStars as MD
Eugene Chung has joined TechStars as Managing Director for the New York City program. He joins from New Enterprise Associates where he helped manage NYC-area investments BuzzFeed and Bedrocket. Earlier in his career, Chung worked at Pixar Animation Studios, and as an energy investor at Warburg Pincus.
- At Upstart, Ex-Googlers Raise $3.5M More to Upend Business as Usual
It used to be that you had to have an actual company for capture investors’ attention. Last March, entrepreneur and investor Paul Graham upended that basic standard, inviting candidates with no plan whatsoever http://ycombinator.com/noidea.html into his Y Combinator program. Now, Upstart, a 10-month-old, 10-person company based in Palo Alto, is making even Graham’s unconventional thinking seem quaint.
- 10gen Promotes Schireson to CEO
Database provider 10gen has promoted Max Schireson from president to chief executive officer. Co-founder and former CEO Dwight Merriman will continue to serve as chairman in a full-time capacity.
- Houzz Inks $35M Series C
Online home decorating company Houzz has raised $35 million in Series C financing, with aims to bolster the company’s engineering and design teams. New Enterprise Associates and GGV Capital led the round, with participation from Sequoia Capital, Comcast Ventures, Kleiner Perkins Caufield & Byers and Yammer founder David Sacks. Houzz also announced that it would launch a premium service for design professionals, calls Houzz Pro+. Houzz is based in Palo Alto, Calif.
- VC-Backed Desire2Learn Acquires Degree Compass Technology
Desire2Learn, Inc., a Kitchener, Ontario-based company which provides innovative learning solutions, has acquired Degree Compass™, a predicDesire2Learn, Inc., a Kitchener, Ontario-based company that makes educational software applications, has acquired Degree Compass, a predictive analytics technology for students. Desire2Learn was backed with C$80 million in funding by OMERS Ventures and New Enterprise Associates in September, 2012, the largest Canadian software deal in over a decade.
- Leyden Energy Inks $10M Series C
Leyden Energy, a developer and manufacturer of advanced batteries, has raised $10 million in Series C financing. The infusion came from existing investors, including New Enterprise Associates, Lightspeed Ventures, Sigma Partners and Walden International. The money will help fund production of the company’s next-generation battery chemistries. Leyden Energy is based in Fremont, Calif.
Google Ventures Ends 2012 Investing in Nine Deals in DecemberNEA ranks as second most-active investor in month with eight deals
- Reuters – VC Spending Slowed in Fourth Quarter
U.S. venture capitalists invested $6.4 billion in start-up companies in the fourth quarter, continuing a slowdown in spending, according to a report from the National Venture Capital Association and consultancy PriceWaterhouseCoopers. The $6.4 billion was spent across 968 deals. That represents a 13 percent decline in dollar terms over the prior-year period. For the full year, investments fell 10 percent to $26.52 billion. Seed-stage companies -- those at the very earliest stages of development -- saw a slight rise in investments for the quarter, to $119.4 million, but an overall 38 percent drop for the year, to $475.7 million. That is the lowest yearly total since 2003.
- The Bumper Crop: 2013 IPO Candidates
Who's going to go public in '13? peHUB plays oddsmaker in this week's slideshow.