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Investor profile

New Enterprise Associates

Venture capital firm · Founded 1977 · Active in 2026

NEA was founded in 1977 by Dick Kramlich, Frank Bonsal, and Charles Newhall — making it one of the longest-running venture capital firms in the United States. The firm runs a multi-stage, dual-track model across technology and healthcare, with offices in Menlo Park, San Francisco, New York, and Boston.

Notable bets include Salesforce, Workday, Robinhood, Cloudflare, Coursera, and Databricks.

190 Power Law outcomes Power Law Ranking #8 · Global · 190 Power Law outcomes · Active 2026
Unicorns ↑ 31% 5y
153
Decacorns ↑ 22% 5y
22
Thoroughbreds ↑ 61% 5y
128
01 · Exits

Sequoia’s biggest exits.

Sequoia portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

IPO · 1999
Entered SeedNow $5.2T
IPO · 2004
Entered Series ANow $4.6T
IPO · 1980
Now $4.5T
IPO · 2014
Entered Series B+Now $306B
$214B IPO · 2021
Entered Series B+Now $20.1B
IPO · 2012
Entered Series ANow $207B
$82.0B IPO · 2019
Now $153B
IPO · 2012
Entered Series B+Now $103B
$95.0B IPO · 2020
Entered SeedNow $69.1B
$93.9B IPO · 2020
Entered Series B+Now $58.4B
$24.0B IPO · 2018
Entered Series B+Now $73.3B
$39.0B IPO · 2020
Entered Series ANow $67.6B
$32.0B IPO · 2021
Entered Series B+Now $67.5B
$41.5B IPO · 2021
Entered SeedNow $64.4B
$60.0B IPO · 2021
Entered Series B+Now $28.0B
$55.5B IPO · 2026
Entered Series B+Now $55.5B
$52.8B IPO · 2018
Entered Series ANow $49.6B
IPO · 2013
Now $45.0B
IPO · 2015
Entered Series B+Now $39.4B
IPO · 2002
Entered SeedNow $39.1B
$32.0B acquisition · 2025
Entered Seed
$12.0B IPO · 2021
Entered Series B+Now $29.5B
IPO · 2014
Entered Series B+Now $28.6B
IPO · 2015
Entered Series ANow $28.2B
03 · Portfolio analysis

The 190 NEA Power Law outcomes ($100M+ revenue or $1B+ valuation).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. USA160
  2. Canada8
  3. China7
  4. UK5
  5. India2
  6. Germany2
  7. Switzerland1
  8. Sweden1
  9. Spain1
  10. Ireland1
  11. Japan1
  12. Türkiye1
By sectorCount
  1. Biotech & Life Sciences43
  2. Other B2B Software25
  3. AI20
  4. Other19
  5. Cybersecurity19
  6. eCommerce & Marketplaces16
  7. Fintech13
  8. Marketing10
  9. Edtech7
  10. Health Tech & Medtech6
  11. Transportation5
  12. Energy3
By stage enteredCount
  1. Series B+91
  2. Series A59
  3. Seed24
Estimated holdings

NEA’s biggest current holdings.

An estimate of NEA’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 28 companies where NEA is a named shareholder, worth about $11.7B in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 PerplexityEnterprise Software · Decacorn 12% $20.0B $2.4B
  2. 2 PlaidEnterprise Software · Unicorn 18.5% $8.0B $1.5B
  3. 3 DataRobotEnterprise Software · Unicorn 16% $6.3B $1.0B
  4. 4 BranchEnterprise Software · Unicorn 19.5% $4.0B $780M
  5. 5 ClioLegal · Unicorn 15% $5.0B $750M
  6. 6 WonderFood · Unicorn 10.5% $7.0B $735M
  7. 7 18.5% $3.0B $555M
  8. 8 12% $3.0B $360M
  9. 9 14% $2.5B $350M
  10. 10 5% $6.8B $340M
  11. 11 7% $4.5B $315M
  12. 12 12.4% $2.5B $310M

Showing the 12 largest of 28 disclosed direct holdings.

6 companies hidden on this public profile. Estimated value = NEA’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. NEA also appears inside investor groups in ElevenLabs, Kong, MindTickle, Together, Vast Data, Xpressbees, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

NEA’s biggest exits.

NEA portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

IPO · 2004
Entered Series B+Now $155B
$82.0B IPO · 2019
Entered Series B+Now $153B
IPO · 2004
Entered Series B+Now $96.7B
$1.6B IPO · 2018
Entered Series B+Now $86.5B
$4.4B IPO · 2019
Entered Series B+Now $75.8B
$73.0B IPO · 2021
Entered Series B+Now $13.9B
IPO · 2006
Entered Series ANow $70.0B
$32.0B IPO · 2021
Entered Series B+Now $67.5B
IPO · 2012
Entered Series B+Now $31.4B
$1.6B IPO · 2017
Entered Series B+Now $23.9B
$2.0B IPO · 2021
Entered Series ANow $21.8B
acquisition · 2014
Entered Series B+Now $18.4B
$18.0B IPO · 2020
Entered Series B+Now $4.7B
$16.0B IPO · 2017
Entered Series B+Now $10.9B
IPO · 2013
Entered Series ANow $15.7B
IPO · 1999
Entered SeedNow $13.7B
$12.4B IPO · 2024
Entered Series ANow $13.2B
$163M IPO · 2017
Entered Series ANow $10.0B
$5.6B IPO · 2024
Entered Series B+Now $9.0B
IPO · 2014
Entered Series B+Now $8.0B
$94M IPO · 2017
Entered Series B+Now $6.7B
$1.5B IPO · 2017
Entered Series B+Now $6.5B
$6.5B IPO · 2021
Entered Series B+Now $3.8B
$627M IPO · 2022
Entered Series ANow $6.3B

+53 more $1B+ exits on the full Dealroom profile.

04 · Portfolio market map

NEA's 190 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
190 of 190 Power Law outcomes
05 · Power Law comparison

How does NEA stack up?

NEA in orange, your selection in blue and other colours. Pick from the global roster of 609 peer investors — scope by startup location or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of unicorns minted in the selected startup location — peaks reveal vintage years.

Compare against

Share of new unicorns per year

% of global unicorns minted that year, year by year · hover the chart to see which unicorns
Performance window All-time → 2026

Stage focus

Companies by selected outcome stage

Sector focus

Companies per investor across the 10 highest-volume sectors

Beyond Unicorns — how the portfolio compounds

% of each investor's unicorn portfolio that later crossed $10B, $25B and $50B. Pick a sort tier and entry stage.
Sort by
Entry stage
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.
06 · Portfolio founders

Where Sequoia's portfolio founders come from — and where they studied.

410 founders across the 190 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Stanford University and Alphabet | Google are the deepest single pipelines.

LocationCount
United States177
India42
China21
Israel13
Taiwan11
United Kingdom11
Denmark10
Germany9
Spain8
Romania8
+20 more →
UniversityCount
Stanford University26
Massachusetts Institute of Technology18
Berkeley15
University of Michigan8
Wharton School of the University of Pennsylvania8
MIT Sloan School of Management8
University of Cambridge7
Princeton University6
Harvard University6
University of Washington6
+141 more →
Origin companyCount
Alphabet | Google31
Microsoft25
Meta11
Apple6
Yahoo!5
LinkedIn4
PayPal4
Rocket Internet4
Webhelp3
Shopify3
+122 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company.

Market sentiment

What the market is saying about New Enterprise Associates

An AI-synthesized read of the highest-engagement posts about NEA on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

In the news

Latest news about New Enterprise Associates

Recent press, funding announcements, and portfolio moves mentioning NEA — pulled live from Dealroom's news feed.

See all news

Want the full picture on New Enterprise Associates?

The Dealroom platform tracks every round, every co-investor, and every portfolio company in real time — across 25,000+ investors and 3M+ companies globally.