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New Enterprise Associates

Venture capital firm · Founded 1977 · Active in 2026

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182 Power Law outcomes Power Law Ranking #8 · Global · 182 Power Law outcomes · Active 2026
Unicorns ↑ 28% 5y
152
Decacorns ↑ 22% 5y
22
Thoroughbreds ↑ 78% 5y
129

NEA was founded in 1977 by Dick Kramlich, Frank Bonsal, and Charles Newhall — making it one of the longest-running venture capital firms in the United States. The firm runs a multi-stage, dual-track model across technology and healthcare, with offices in Menlo Park, San Francisco, New York, and Boston.

Notable bets include Salesforce, Workday, Robinhood, Cloudflare, Coursera, and Databricks.

Portfolio analysis

The 182 NEA Power Law outcomes ($100M+ revenue or $1B+ valuation).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. USA150
  2. Canada8
  3. China7
  4. UK5
  5. India2
  6. Germany2
  7. Australia1
  8. Spain1
  9. Sweden1
  10. France1
  11. Türkiye1
  12. Switzerland1
By sectorCount
  1. Biotech & Life Sciences41
  2. Other B2B Software25
  3. Other18
  4. AI18
  5. Cybersecurity17
  6. eCommerce & Marketplaces16
  7. Fintech12
  8. Marketing11
  9. Edtech7
  10. Health Tech & Medtech7
  11. Transportation5
  12. Robotics2
By stage enteredCount
  1. Series B+92
  2. Series A58
  3. Seed24
01 · Portfolio market map

NEA's 182 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
182 of 182 Power Law outcomes
02 · Founder talent

Where NEA's founders come from — and where they study.

415 founders across the 182 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Stanford University and Alphabet | Google are the deepest single pipelines.

LocationCount
United States183
India39
China21
United Kingdom11
Israel11
Denmark10
Germany9
Taiwan8
Spain8
Romania8
+20 more →
UniversityCount
Stanford University28
Massachusetts Institute of Technology19
Berkeley14
MIT Sloan School of Management12
University of Cambridge7
Wharton School of the University of Pennsylvania6
University of Michigan6
Harvard University6
Columbia University6
Princeton University6
+137 more →
Origin companyCount
Alphabet | Google33
Microsoft25
Meta12
Yahoo!7
Apple7
Amazon4
LinkedIn4
PayPal4
Webhelp3
PubMatic3
+118 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company.
04 · Compare with peers

How does NEA stack up?

NEA in orange, your selection in blue and other colours. Pick from the global roster of 34 peer investors — scope by startup location or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of unicorns minted in the selected startup location — peaks reveal vintage years.

Compare against

Share of new unicorns per year

% of global unicorns minted that year, year by year · hover the chart to see which unicorns

Stage focus

Companies by entry stage and outcome tier

Sector focus

Companies per investor across the 10 highest-volume sectors
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.

Sentiment on X

What X is saying about New Enterprise Associates

An AI-synthesized read of the highest-engagement posts about NEA on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

In the news

Latest news about New Enterprise Associates

Recent press, funding announcements, and portfolio moves mentioning NEA — pulled live from Dealroom's news feed.

See all news

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