New Enterprise Associates related stories
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New Enterprise Associates Promotes MakhzoumiNew Enterprise Associates has promoted Mohamad Makhzoumi to partner. Makhzoumi joined the firm in 2005, and focuses on investments in the healthcare services and healthcare information technology sectors. He currently sits on the boards for American Pathology Partners, Elements Behavioral Health and Nova Medical Centers, among other companies. Prior to joining the NEA, Makhzoumi was an associate with Summit Partners, and worked with UBS Investment Bank.
- Ivantis Seals $17M For Glaucoma Treatment
Ivantis, a developer of a glaucoma treatment, has raised $17 million in new funding from New Enterprise Associates and Delphi Ventures. The money, a second round for Ivantis, will be used for clinical trials of the company’s medial device.
- Tesaro Closes $101M
Biopharmaceutical company Tesaro Inc. has closed a whopping $101 million Series B round led by Kleiner Perkins Caufield & Byers. Existing shareholder New Enterprise Associates also participated, as did new investors InterWest Partners, T. Rowe Price, Pappas Ventures, Oracle Partners, Deerfield Management and Leerink Swann. Tesaro is focused on oncology-related products, including a drug to prevent chemotherapy-induced nausea. The company sealed a $20 million Series A round in 2010.
- BeachMint Lands $23.5M Round--UPDATED
Scale Venture Partners and Lightbank, the tech investment fund launched by Eric Lefkofsky and Brad Keywell, were joined by New Enterprise Associates, Trinity Ventures and Anthem Ventures in a $23.5 million round of fundraising for Beachmint, a social commerce company for celebrity-created consumer products. Specifics on the transaction were not specified, but Sharon Wienbar, from Scale Ventures, will join the Olsen-twin-affiliated company’s board.
- iPad New Reader Pulse Inks $9M Series A
Pulse, maker of a visual news reader for the iPad, iPhone and Android, has closed on $9 million in Series A financing from New Enterprise Associates, Greycroft Partners, and Lerer Ventures. The company, based in Palo Alto, Calif., will use the money to expand its engineering team and its development efforts. NEA’s Patrick Chung will join the company’s board. Greycroft’s Alan Patricof and Lerer Ventures’ Ken Lerer will serve as advisors.
- Tintri Closes $18M Series C
Tintri, a maker of VM-aware storage appliances, has closed on $18 million in Series C financing from existing backers NEA and Lightspeed Venture Partners, the company announced Wednesday. The money will help bolster research and development, as well as sales efforts. Formed in 2008, Tintri is based in Mountain View, Calif. The company previously raised $17 million across two earlier rounds.
- Fusion-io Soars in Debut; Combined Shares Held by NEA and Lightspeed Worth More than $780M -- UPDATED
(Reuters) - Shares of Fusion-io Inc. (NYSE: FIO), which makes storage memory hardware and software for data centers, soared 34 percent in their market debut, as the rush to snap up technology startups showed no signs of waning. Fusion-io's shares sold for an IPO price of $19 apiece, but Thursday's opening price of $25 a share values the company at about $1.95 billion. The company had originally planned to sell shares in the $16-$18 range. UPDATE: The company's shares ended the day at $22.50, up 18% from their IPO price. As of 2:43 p.m. EST, the company's shares were trading for $22.89 each. New Enterprise Associates (NEA) and Lightspeed Venture Partners are Fusion-io’s largest shareholders, according to the company’s most recent S-1 filing. NEA’s 25.93 million shares are worth more than $593 $583 million at $22.89 $22.50 per share, while Lightspeed’s 8.82 million shares are worth more than $201 $198 million. (Note: Updated with closing share price.)
- Fusion-io IPO Prices Above Range, Says Source; Would Value NEA's Shares Above $490M
(Reuters) - Fusion-io (NYSE: FIO), which makes storage memory hardware and software for data centers, priced its initial public offering on Wednesday at $19 per share, above its previously announced range, according to a market source. The offering, which consisted of 12.3 million shares, raised $233.7 million. The company had earlier planned to sell shares for $16 to $18 apiece /108037/fusion-io-upsizes-ipo-plans-again/ New Enterprise Associates (NEA) and Lightspeed Venture Partners are Fusion-io’s largest shareholders, according to the company's most recent S-1 filing. NEA's 25.93 million shares would be worth $493 million at $19 per share, while Lightspeed's 8.82 million shares would be worth