New Enterprise Associates related stories
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Akouos nabs $50 million Series ABoston-based Akouos, a precision genetic medicine company, has raised $50 million in Series A financing. The lead investors were 5AM Ventures and New Enterprise Associates. Other investors in the round were Partners Innovation Fund, Sofinnova Ventures, RA Capital Management and Novartis Venture Fund.
- Formlabs raises funding from NEA, now value over $1 bln
Somerville, Massachusetts-based Formlabs, maker of 3D printing systems, announced it has raised $15 million in funding from New Enterprise Associates. The company, which has now raised more than $100 million, said the investment values the company at more than $1 billion. Formlabs also said it appointed Jeff Immelt, former chairman and CEO of General Electric Company, to its board.
- Naked Labs raises $14M led by Founders Fund
Redwood City, California-based Naked Labs Inc, provider of a 3D-body scanner for use in the home, announced it has raised $14 million in Series A funding led by Founders Fund. Also in the round are New Enterprise Associates, Lumia Capital, Venture 51, Seabed VC and others. The company, founded in 2014, also said it received personal investment from Founders Fund Partner Cyan Banister, who is on the Naked Labs board.
- SoftBank Vision Fund leads Series C investment round in Brandless
San Francisco-based Brandless, operator of an ecommerce site selling unbranded food products and consumer goods, announced it has raised $240 million in Series C funding that was led by SoftBank's Vision Fund. Existing investors New Enterprise Associates, Redpoint Ventures, GV and Sherpa Capital also participated in the round. Jeffrey Housenbold and Justin Wilson of SoftBank Investment Advisors have joined the board. The company, founded in July 2017, previously raised about $50 million.
- VC-backed Bloom Energy goes public
Fuel cell startup Bloom Energy Corp has debuted its IPO after pricing its 18 million shares at $15 per share. The stock began trading July 25, 2018 on the New York Stock Exchange under the ticker symbol "BE." J.P. Morgan and Morgan Stanley are the lead underwriters. Bloom Energy's pre-IPO backers included Kleiner Perkins Caufield & Byers, New Enterprise Associates and GSV Capital.
- Car insurance startup Metromile nabs $90 mln Series E
Metromile Inc, a San Francisco based car insurance startup, has raised $90 million in Series E funding. Tokio Marine Holdings and Intact Financial led the round with participation from other investors that included New Enterprise Associates, Index, Future Fund and Section 32.
- Long Hill Capital rakes in $265 million for sophomore fund
Long Hill Capital, a Chinese venture firm, has closed its second fund at $265 million. Fund 2's limited partners include global pensions, endowments, foundations, financial institutions, family offices and fund of funds. Long Hill invests in technology-enabled healthcare and consumer companies.
- VC-backed Fugue appoints Merrick as CEO
Frederick, Maryland-based Fugue, which automates security and compliance in the cloud, has named Phillip Merrick as CEO. Recently, Merrick worked at SparkPost. Fugue’s backers include New Enterprise Associates, Future Fund, Maryland Venture Fund and Core Capital Partners.
