42Floors, the Y-Combinator-incubated startup that has built a search engine for the office rentals market, has raised another $12.3 million — funding that founder Jason Freedman says the company will use to take its service to markets outside of San Francisco and New York, including its first international move to London by the end of this year. The Series B round was led by new investor NEA… → Read More
Houzz is one of those Silicon Valley startups you don’t hear all that much about, but the company is quickly disrupting the $300 billion home remodeling market by providing home owners with inspiration for their projects and connecting them with the designers, architects and contractors who can turn their ideas into reality. Today, Houzz announced that it has raised a $35 million Series C round… → Read More
New Enterprise Associates, the venture firm that has backed Groupon, Salesforce, Workday, Fusion-io, and others, is opening an outpost in Chicago, to serve its growing portfolio in the region. The announcement was made in conjunction with an investment in Chicago-based payments platform Braintree. → Read More
Zumper, the San Francisco-based startup that’s assisting apartment hunters find the most ideal abode, announced today that it closed a $1 million seed round. The announcement comes two weeks after launching into a public beta at SF Disrupt.
The round, which closed in May, included Kleiner Perkins, Andreessen Horowitz, Greylock, CrunchFund, NEA, Dawn Capital, The Experiment Fund, and the… → Read More
Edmodo, the collaborative learning network for teachers and students, is announcing today it has closed a $25 million Series C round of funding. The round was led by new investor New Enterprise Associates, Inc. (NEA), and included participation from Edmodo’s existing investors Greylock Partners, Benchmark Capital, Union Square Ventures, and Learn Capital. To date, Edmodo has raised $47.5… → Read More
Cvent, a major event management software company, last raised funding around the time the previous century ended.
Today, the company announced that it has raised funding for the second time in its – most fascinating – history, and it’s a whopper: Cvent has secured $136 million in venture capital financing from New Enterprise Associates and Insight Venture Partners, with Greenspring Associates… → Read More
Love photos but utterly bored by wave after wave of iPhone photo sharing apps? Lytro is the company for you. This is also the company for anyone who thinks Silicon Valley has fallen into a rut of innovation-less posing. And it’s the company for anyone who complains that the Valley is more about media and marketing than brass-knuckles, hardcore technology. This is the company that jaded, cranky… → Read More
My guest this week on Ask a VC is Peter Barris of NEA. NEA is one of the oldest venture firms in the country, one of the first to be bicoastal and one that unabashedly sticks to the same mega-fund strategy in good times and bad.
Reader questions for Barris included everything from how to avoid getting cheated by bad VCs and what metrics he looks at when investing in an ecommerce company.
And… → Read More
SolidFire, a stealth Atlanta startup building a ‘next-generation’ cloud computing storage platform, has secured $11 million in Series A funding led by New Enterprise Associates with current investors Valhalla Partners and Novak Biddle Venture Partners participating. This brings the total of capital raised by the company to $12 million.
Not too shabby for a company that can only commit to… → Read More
The Arlington, Va. clean tech startup, OPower, closed a $50 million series C investment led by Accel Partners and Kleiner Perkins Caulfield & Byers (KPCB) and joined by the company’s earlier investors New Enterprise Associates (NEA) the firms announced Monday.
OPower’s software-as-a-service helps electric and gas utilities understand who their residential energy consumers are, and how they… → Read More
New Enterprise Associates (NEA) this morning announced (PDF) the official close of its thirteenth fund, which it began investing in May 2009. At nearly $2.5 billion, it is comparable in size to NEA’s prior fund, which closed in 2006 and was just over $2.5 billion.
According to NEA, its fund XIII represents an estimated 17 percent of all U.S. venture capital funds raised in 2009 and is the… → Read More
For more TechCrunch Analysis, check out the Q3 09 Trends Report here.
Which venture capitalists had the most exist last quarter? A peek at Crunchbase data shows that Accel Partners, Benchmark Capital, Foundation Capital and New Enterprise Asosciates all recorded at least three exits by acquisition in Q3 2009.
The four firms were all also among the ten most active investors in CrunchBase in the… → Read More
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