New Enterprise Associates related stories
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3D social networking company gets $10m follow onSeoul-based Nurien Software, whose product allows users to create 3D avatars in online virtual worlds, will use the $10m second round funding to fine tune its platform and expand its online gaming services.
- Apex leads $47.5m Series C solar round
California-based firm SolFocus has secured funding from venture capital firms including Apex, NEA and NGEN Partners to expand its solar panel manufacturing business. This is the first time Apex has invested in clean technology.
- Lone Star-backed Del Frisco’s pulls $100m IPO
The steakhouse operator, acquired as part of the $600m take-private of Lone Star Steakhouse & Saloon in 2006, cited ‘current public market conditions’ in its filing with the SEC.
- NEA hires former XM Radio chief
Hugh Panero, former chief executive of the satellite radio company, is the latest in a string of high-profile appointments the Maryland-based venture firm has made over the last year.
- NEA promotes Harry Weller to GP
The Silicon Valley-based venture firm has rewarded several team members as it continues its expansion into alternative energies. The firm has focused more on alternative energies since its NEA XII fund closed on $2.5bn in 2006.
- Connectiva Systems secures $17m
An NEA-IndoUS-led syndicate is backing Connectiva, a US-based company that 'leverages the strengths of India' to provide solutions to the telecom industry.
- NEA hires former biopharm exec as GP
Former MedImmune chief David Mott is the second high-level executive NEA has hired from the Maryland-based vaccine developer since its merger last year.
- Bala Deshpande quits ICICI Venture
ICICI Venture is to suffer another high profile departure. Deshpande is set to leave the firm, reportedly to take a position with NEA, just months after Aluri Rao left to lead Morgan Stanley Private Equity’s India operations.
- NEA enters Latin America
A Series C funding round for Spring Wireless represents NEA's first foray into Latin America. Goldman Sachs was also among the backers of the telecom company, which anticipates an IPO in 2009.
- Korean social networking company gets $15m
Seoul-based Nurien Software has received an investment from a syndicate of four venture capital firms to launch a social networking platform in Korea, China and the US.