New Enterprise Associates related stories
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On the Bleeding Edge: GPs launching their own funds is not yet trendingGPs leaving firms to go out on their own is nothing new, but a few recently have caught our attention
Carmack named CEO of PsiKickPsiKick said May 9 that it named Philip J. Carmack as its CEO. Brendan Richardson, PsiKick’s founding CEO, has transitioned to VP of Business Development. Carmack was the CEO of Aptina Imaging Corp until it was sold to ON Semiconductor in June 2014. PsiKick is backed by investors including New Enterprise Associates.
- Partner dispute roils Xfund
A dispute between general partners has roiled operations at the Xfund, according to reports in The New York Times and Fortune.
Fintech looks beyond lendingInvestors scout for fintech deals in insurance and other untapped markets as frothy valuations reset. Expect strong activity to continue
- Gene Trainor leaving Foundation Capital
Foundation Capital, which late last year raised $325 million for its eighth fund, said that COO Gene Trainor is leaving the firm, according to a blog post. The post, by General Partner Paul Holland, said that Trainor plans to take time off to travel with his wife and then earn his master’s degree in education with the aim of eventually teaching math, full time, to at-risk middle school students in the city.
- NEA leads $4.5 mln Series A funding round for VividCortex
New Enterprise Associates led a $4.5 million Series A funding round for VividCortex, a provider of database analytics software. Previous investors including Battery Ventures and Jaffray Woodriff also participated.
- Scale Venture Partners leads $32 mln Series C funding in Forter
Scale Venture Partners led a $32 million Series C funding round in Forter, a fraud prevention company. Previous investors Sequoia Capital and New Enterprise Associates participated in the funding. Rory O'Driscoll of Scale Venture Partners has joined Forter's board.
- SWaN & Legend, NEA, Revolution Ventures invest $9 mln in Framebridge
SWaN & Legend Venture Partners, New Enterprise Associates and Revolution Ventures provided $9 million in funding to Framebridge, an online custom framing startup. SWaN & Legend Managing Director Fred Schaufeld will join Framebridge's board of directors. The company has raised more than $20 million in less than two years.
- Forter raises $32 mln
Forter said April 21 that it raised $32 million in Series C funding led by Scale Venture Partners. Also participating were existing investors Sequoia Capital and New Enterprise Associates (NEA). San Francisco-based Forter is a fraud prevention company.