Posts Tagged ‘New Enterprise Associates’
Tuesday, July 19th, 2011
Fred Wilson has the top PeekScore among U.S. venture capitalists
What is PeekScore?: PeekScore is a rank from 1 to 10, assigned to every person. The higher someone’s score, the “more important” they are on the web. In calculating your PeekScore and updating it often, PeekYou takes into account your known presence and activity on the Internet, including but not limited to; your blogging, participation in social networks, the number of your friends, followers, or readers, the amount of web content you create, and your prominence in the news.
TechJournal South asked PeekYou to do a PeekScore on the 20 most powerful venture capitalists. Top score would be 10.
Here they are:
Friday, June 3rd, 2011
CHEVY CHASE, MD – New Enterprise Associates has launched a new seed fund to invest in consumer technology firms.
According to Venture Wire, the new fund is an effort to standardize NEA’s seed-funding deals and boost its profile among tech entrepreneurs with consumer-facing startups.
NEA will likely invest from $50,000 to $500,000 in each deal, reports say.
The firm has committed capital of $11 billion. TechCrunch listed it as one of the top ten venture capital firms in the United States at TechCrunch Disrupt.
Monday, April 4th, 2011
CHEVY CHASE, MD – New Enterprise Associates (NEA), the global venture capital firm, has named Greg Papdopoulos, Ph.D., formerly Sun Microsystems CTO, a venture partner.
Papadopoulos will work closely with seed and early-stage companies in NEA’s portfolio to help guide fundamental technology development and define go-to-market strategy.
Papadopoulos began working with NEA as entrepreneur in residence in 2010 on the heels of a highly successful career as a senior executive and serial entrepreneur, including his most recent role as CTO at Sun Microsystems, where he directed the company’s $2 billion research and development portfolio.
“When Greg joined NEA as an EIR last year, we couldn’t wait to see what he would do next,” said NEA General Partner Scott Santell. “We are incredibly fortunate that he’s decided to stay with NEA full time, where he’ll play a critical role in helping growing companies define and refine their strategy at pivotal moments.”
Previously, Papadopoulos worked as a development engineer at Hewlett-Packard and Honeywell, and as architect at Thinking Machines. He has also helped found several companies including: Ergo (high-end PCs), Exa Corporation (computational fluid dynamics) and PictureTel (video conferencing). He also worked as an associate professor of electrical engineering and computer science at Massachusetts Institute of Technology (MIT), where he led numerous research activities.
“The value that the venture community brings, aside from capital, is to help fill the gap between recognizing a transformational idea and actually delivering it to market,” said Papadopoulos.
“At NEA, that style of innovation is an integral part of the culture. It’s an incredibly ambitious approach to investing that looks to create not just companies but entirely new segments of the market, and to do that in a way that really makes a difference.”
With approximately $11 billion in committed capital, NEA invests in information technology, healthcare and energy technology companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm’s long track record of successful investing includes more than 165 portfolio company IPOs and more than 265 acquisitions, including investments in technology leaders like Data Domain, CareerBuilder, Diapers.com, Groupon, Juniper, Macromedia, Playdom, Salesforce.com, and TiVo.
In the U.S., NEA has two offices in the Washington, D.C. metropolitan area and one in Menlo Park, California.
Thursday, March 31st, 2011
BALTIMORE, MD – TidalTV, a video advertising, optimization, and yield management solutions provider, has raised more than $30 million in financing led by New Enterprise Associates (NEA), with participation from other existing investors Comcast Interactive Capital and Valhalla Partners.
The company says the new funding will support the aggressive expansion of TidalTV’s technology into new global markets throughout 2011 and the deployment of its proprietary ad decisioning solutions into new multi-screen applications for advertisers, media agencies and publishers.
TidalTV launched as a technology platform in late 2007. It was founded by Advertising.com co-founder Scott Ferber.
The investment nearly doubles TidalTV’s last financing, allowing the company to build momentum in the rapidly growing video advertising category and to deliver advanced capabilities in targeting the right ad, to the right person, at the right time, across platforms. eMarketer estimates that by 2015, 76% of internet users, or 195.5 million people will be watching online video each month. In the same period, it predicts online video advertising spending will surge from $1.97 billion to $5.71 billion.
“Our focus on bringing math and science into the branded advertising space has been well received, and truly illustrates the demand for more efficiency and effectiveness in brand marketing,” said Ferber, chairman & CEO of TidalTV.
“I have never experienced such eagerness to invest into the growth of a company by existing investors, so much so that we could not accommodate all the demand. This infusion of capital will advance TidalTV’s position as a leader in video-based advertising solutions for advertisers and publishers through investments in premier human capital, expansion into new global markets and the development of innovative product suites.”
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Thursday, January 6th, 2011
BALTIMORE, MD – The mobile space is hotter than a cell phone after an hour long call. After tripling revenues in 2010, Millennial Media Inc., which focuses on mobile advertising, has raised an additional $27.5 million in growth equity funding, with Bessemer Venture Partners, Columbia Capital, Charles River Ventures (CRV), and New Enterprise Associates (NEA) participating.
This new investment brings the company’s equity funding to more than $65 million and will be used to fund an acceleration of the company’s 2011 global growth plan.
The company says it plans to use the growth investment in part to build on its successful 2010 acquisition of TapMetrics, a mobile analytics company, with additional acquisitions in 2011. Additional investments will be made in the company’s international and platform lines of business.
“Millennial Media continues to be one of our best-performing portfolio companies, and has achieved profitable results. The company has exceeded its revenue and EBITDA projections for ten consecutive quarters,” said Patrick Kerins, General Partner, NEA. “As part of our growth equity strategy, we target companies like Millennial Media, as it has the seasoned management team, operational excellence and long-term vision to dominate the mobile advertising market.”
The company’s U.S. mobile ad network business reaches more than 85% of U.S. mobile web users, serves more than 17B mobile ad impressions each month, and counts 18 of the top 25 Ad Age advertisers among its clients. Millennial Media’s global operations reach mobile consumers in more than 250 countries. Additionally, the company’s technology platform powers mobile advertising programs operated by its partners, including leading media companies, OEMs, and mobile application developers.
Millennial Media is headquartered in Baltimore, Maryland, has offices in New York, London, and San Francisco; with sales offices in Detroit, Los Angeles, Chicago, Dallas, and Atlanta.
Tuesday, November 30th, 2010
ARLINGTON, VA – OPOWER, the Arlington-based company selling smart grid energy efficiency software, has closed a $50 million third round of financing led by Accel Partners and Kleiner Perkings Caufiled & Byers. Its largest investor, New Enterprise Associates, also participated. That’s a powerhouse of backers.
The investment will support OPOWER’s rapid expansion and accelerate its product development efforts in order to add new products and features to its Software-as-a-Service (SaaS) platform in 2011.
The company’s platform has helped electric and gas utilities engage their customers, drive unprecedented gains in energy efficiency, and improve customer satisfaction. OPOWER’s prior financing was in 2008, with capital raised from NEA and early-stage fund MHS Capital.
OPOWER’s SaaS platform is the industry’s leading customer engagement platform, and has quickly gained popularity in the utility industry as an innovative, information-based energy efficiency program, as well as the leading front-end for utilities’ Smart Grid deployments.
The platform uses data analytics to evaluate a household’s energy usage patterns – without the need for hardware to be installed inside the home – and applies behavioral science techniques and a multi-channel communication strategy to engage millions of homes and motivate energy saving actions.
Currently deployed to more than two million homes, OPOWER is delivering enough energy savings to power nearly 50,000 homes on an ongoing basis. The company expects its deployed customer base to more than quadruple in 2011. OPOWER currently works with 45 utilities throughout the U.S., including seven of the country’s ten largest energy providers.
“OPOWER is an elegant and proven solution for utilities to cost-effectively reach energy efficiency goals,” said Ray Lane of Kleiner Perkins Caufield & Byers. “It is a straight forward value for customers – clearly measuring savings on their energy bills.”
I’m always impressed when firms such as OPOWER land serious backing from investors such as its lineup of top venture capital funds. Energy efficiency and grid technology are likely to be part of the power industry future going foward.
TJS Editor Allan Maurer: Email Allan at TechJournal South dot com.
Thursday, September 2nd, 2010
WASHINGTON, DC – DC-based EverFi, which develops media education platforms, has chalked up an $11 million funding led by New Enterprise Associates. TomorrowVentures and Michael Chasen, CEO of Blackboard and other individual investors paritcipated.
Founded in 2008, the company teaches life skills such as financial literacy and student loan management using digital games, messaging, social media, animations, and video.
EverFi’s adaptive technology adjusts to a user’s pace and learning levels.
The company says more than 2,000 public schools in 47 states will use its software.
CEO Tom Davidson said, “This is an entirely unique model, with major corporations and foundations licensing our programs nationwide for schools.”
Customers include Capital One, Genworth Corp., U.S. Bank, PayPal and BB&T.
Wednesday, March 10th, 2010
CHEVY CHASE, MD – New Enterprise Associates Inc. (NEA), a global venture capital firm, says technology industry veteran Ron Bernal has joined the firm as a Venture Partner.
Bernal, a former entrepreneur-in-residence with NEA and proven company builder, will work closely with the firm’s enterprise infrastructure and services, electronics and energy technology teams.
“Ron brings to NEA a wealth of domain expertise and is already deeply engaged with numerous companies in the firm’s portfolio,” said Peter J. Barris, NEA managing general partner.
Bernal has spent nearly eight years in the venture capital industry and, through previous affiliations, is currently a director of four companies in NEA’s portfolio: Boulder Wind Power, Data Robotics, HelioVolt and ProStor.
He was most recently a Partner at Sequel Venture Partners where he focused on cleantech, enterprise infrastructure and enterprise software investments.
Bernal co-founded Growth Networks, a fabless Internet switching fabric semiconductor company, in 1998 while serving as an entrepreneur-in-residence at NEA. NEA funded Growth Networks through two rounds of financing prior to its acquisition by Cisco. Bernal worked for Cisco as VP of operations for the product technology groups and service provider business.