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New Enterprise Associates

Venture capital firm · Menlo Park, USA · Founded 1977 · Active in 2026

← Power Law Ranking

A public taster of the full Dealroom platform — request a demo to explore live deal flow, full investor history, and team intel. · Last updated 15 Apr 2026 · Methodology

179 Power Law outcomes Power Law Ranking #16 · 179 Power Law outcomes · Active 2026
Enterprise value ↑ 15% 5y
$1.7T
Unicorns ↑ 25% 5y
152
Decacorns ↑ 22% 5y
22
Thoroughbreds ↑ 28% 5y
172
Featured in #16Power Law Investor Ranking · Global · 2026 Top 0.5%by Seed → $100M+ revenue outcomes

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.

Portfolio analysis

The 179 NEA Power Law outcomes ($100M+ revenue and above).

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

By countryCount
  1. USA150
  2. Canada8
  3. China7
  4. UK5
  5. India2
  6. Germany2
  7. Sweden1
  8. Türkiye1
  9. Switzerland1
  10. Japan1
  11. Ireland1
By sectorCount
  1. Biotech & Life Sciences41
  2. Other B2B Software25
  3. AI18
  4. Other17
  5. Cybersecurity17
  6. eCommerce & Marketplaces16
  7. Fintech12
  8. Marketing10
  9. Edtech7
  10. Health Tech & Medtech6
  11. Transportation5
  12. Robotics2
By stage enteredCount
  1. Series B+88
  2. Series A60
  3. Seed23
01 · Portfolio market map

NEA's 179 Power Law outcomes.

Toggle between a sector landscape and a world map. Both views respond to the stage and outcome-tier filters. The faded names at the bottom of bigger boxes are part of the full list — click "+ N more" to reveal them.

Stage entered
Outcome tier
Region
Group by
179 of 179 Power Law outcomes
Logos hosted by Dealroom; click any chip to open the company in app.dealroom.co. The dot inside each chip shows the company's highest tier — red Gigacorn, violet Centicorn/Decacorn, lavender Unicorn, blue Thoroughbred, green Colt. Tiers are inclusive: a Unicorn (e.g. Klarna) also matches the Thoroughbred filter, a Decacorn also matches Unicorn and Thoroughbred, and so on up the ladder. Colt is a separate axis (high-growth, smaller revenue) and only matches itself. Map dots use the same colour code; hover for details. Sectors are mutually exclusive (priority-ordered classification). Stage entered = the round NEA first invested in (where data is available — coverage 93%).
02 · Origin of portfolio founders

Where NEA's founders come from — and where they study.

411 founders across the 179 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 States183
India39
China21
United Kingdom11
Israel11
Denmark10
Germany9
Taiwan8
Spain8
Romania8
+20 more →
UniversityCount
Stanford University28
Massachusetts Institute of Technology19
Berkeley14
MIT Sloan School of Management12
University of Cambridge7
Wharton School of the University of Pennsylvania6
University of Michigan6
Harvard University6
Columbia University6
Princeton University6
+135 more →
Origin companyCount
Alphabet | Google33
Microsoft24
Meta12
Yahoo!7
Apple7
Amazon4
LinkedIn4
PayPal4
Webhelp3
PubMatic3
+116 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. Explore the full Sequoia infographic on Thoroughbreds & Unicorns →
03 · Key people

Key people at NEA.

Scott Sandell
Scott Sandell
CEO & Managing General Partner
Forbes Midas 2025 · #95
Workday
Photos sourced from public partner pages (firm websites + Wikipedia). Roster and Midas ranks are sourced from the official Forbes 2025 Midas List (compiled by Forbes & TrueBridge Capital Partners). Notable-deal attributions are the most-cited public lead deal for each partner; corrections welcome at [email protected].
04 · Compare with peers

How does NEA stack up?

NEA in orange, your selection in blue and other colours. Pick from the global roster of 35 peer investors — filter by region 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 global unicorns minted that year — peaks reveal vintage years.

Compare against

Stage focus

Companies by entry stage and outcome tier

Sector focus

Companies per investor across the 10 highest-volume sectors

Share of new unicorns per year

% of all global unicorns minted that year, year by year
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.

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.

View NEA in app → Book a demo
Data as of 15 Apr 2026 · Source: Dealroom Power Law dataset · Methodology
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