NEA's tenth fund had $2.3 billion of investor commitments in 2000. Beginning with NEA-8 in 1998, the firm greatly increased the size of its investment funds. The firm continued to grow steadily throughout the 1980s and early 1990s raising $900 million from 1987 through 1996 across NEA's next four funds. The firm's second fund raised $45 million and the third fund collected $125 million of commitments from investors in 1984. The first NEA investment fund had only $16 million of capital. Among the firm's first investments was 3Com, which NEA backed along with Mayfield Fund and Jack Melchor in 1981. The firm was founded with offices on both the East Coast and the West Coast. Chuck Newhall had previously managed an investment fund for T. Brown & Sons where he focused on initial public offerings (IPOs) for startup companies. Kramlich had worked with noted venture capitalist Arthur Rock beginning in 1969 and Frank Bosnal had been an investment banker at Alex. Richard (Dick) Kramlich, Chuck Newhall and Frank Bonsal. Since its founding, NEA invested in nearly 1,000 companies, and realized over 650 liquidity events (with over 250 portfolio company IPOs and over 300 portfolio company acquisitions). The firm is headquartered in Menlo Park, California, and Washington, D.C., and has additional offices in Baltimore, Bangalore, Beijing, Boston, Mumbai, New York City, San Francisco and Shanghai. With ~$25 billion in committed capital, NEA is one of the world's largest venture capital firms. NEA focuses investment stages ranging from seed stage through growth stage across an array of industry sectors. New Enterprise Associates ( NEA) is an American-based venture capital firm. American Venture Capital firm New Enterprise Associates (NEA)
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