Investor Type | Firm |
Investing | United States |
NEA (New Enterprise Associates) is a global venture capital firm with a focus on helping to build transformational businesses across multiple stages, sectors, and geographies. With a collaborative approach, NEA supports entrepreneurs around the world in the Technology, Healthcare, and Consumer sectors. The firm is active from seed to growth stages and is involved in a diverse range of investments. NEA's investment thesis revolves around identifying strong teams that have the potential to create category-defining companies. They place a premium on trust and respect in relationships which they consider crucial for successful ventures. Partner Danielle Lay, based in New York, profiles the firm's preference for consumer, social, and commerce infrastructure companies, showcasing their commitment to backing innovative solutions in these areas. Lay emphasizes the importance of human connection and is intrigued by companies aimed at solving human behavioral needs, including loneliness and the search for joy. She also highlights the significance of failing fast as a key ingredient in company building, iterating with sharp judgment and humility. NEA's investment portfolio includes a wide array of companies, from a peer-moderated social media platform (Fizz) exclusively for college campuses to high-tech endeavors such as Formlabs, which is advancing 3D printing technology. Their dedication to empowering the creative class is evident through their investment in Patreon, a platform that supports content creators. This comprehensive investment approach illustrates NEA's commitment to fostering innovation and entrepreneurship on a global scale, capitalizing on massive opportunities presented by digital transformation and new consumer behaviors.