New Enterprise Associates related stories
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Norwest raises $2 bln for its largest fund everNorwest Venture Partners XV exceeds by more than one-third the firm's previous largest fund, the $1.5 billion it raised for Fund XIV in February 2018.
Inspired Capital amasses $200 mln for debut fundInspired Capital has closed its debut fund at $200 million. The firm's limited partners include pensions, foundations and endowments. The New York City-based early-stage venture firm invests in the "entrepreneurs of tomorrow."
Neural Magic amasses $15 mln seedSomerville, Massachusetts-based Neural Magic, a no-hardware AI company, has secured $15 million in seed funding. Comcast Ventures led the round with participation from other investors that included New Enterprise Associates, Andreessen Horowitz, Pillar VC and Amdocs.
NEA promotes fourThe firm promoted Rick Yang, Danielle Lay, Luke Pappas and Jai Sajnani.
- Shape Therapeutics nets $35.5 mln Series A
Seattle-based Shape Therapeutics Inc, a developer of a RNA and protein targeting platform focused on curing human diseases, has secured $35.5 million in Series A financing. New Enterprise Associates led the round participation from CureDuchenne Ventures.
Side Letter: Brexit bogeyman, Blackstone tech hire, CDC's secretHappy Halloween – a day of warding off ghosts and apparently, the UK's exit from the EU too. More on Brexit's impact on UK PE below in today's brief, for our valued subscribers only.
- NEA promotes two
New Enterprise Associates Inc promoted Ed Mathers and Blake Wu.
- NEA-backed Luminary Media taps ex-HBO president/CRO as CEO
Luminary Media, a content podcast subscription service, has named Simon Sutton as CEO. Sutton is the former president and chief revenue officer of HBO. Luminary Media's backers include New Enterprise Associates.