New Enterprise Associates financial update

The firm plans to allocate 35% of NEA 15 towards healthcare, focusing on biopharma, healthcare services and medical devices. The fund will invest in both early and late-stage companies worldwide. The firm will co-invest the opportunity fund alongside NEA’s other funds in companies that require more capital. NEA 15 is the firm’s fourth consecutive fund to exceed $2.5 billion. NEA closed its fourteenth fund at $2.6 billion in 2012. ...