Venture

The Top New Enterprise Associates-Led Deals Of 2018

What do Chinese education startup Zuoyebang, interior design platform Houzz, and cloud computing platform MongoDB have in common? New Enterprise Associates.

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The second firm in our VC checkup series was founded in 1977, has global branches in China and India, and is the second most active VC firm founded before 2000 behind Sequoia Capital, according to Crunchbase. NEA invests in technology startups and healthcare, but its investment focus is agnostic in terms of stage and technology industry. The firm made early bets on notable companies like Mulesoft, Jet, Groupon, and Salesforce.

NEA has raised a total of $20 billion in capital across 16 funds since its founding. Like Sequoia, the size of its funds have reached new heights as individual funding rounds have become more gargantuan than ever before. The firm closed $3.3 billion for its largest and most recent fund, NEA 16 Fund, in June 2017.

But how has the firm put that $3.3 billion to use so far? Let’s take a look at the biggest NEA-led deals of 2018 to find out.

Robots, Health, And Taxes

At the top of the list is a $250 million Series A led by NEA along with Goldman Sachs for robotics process automation platform Automation Anywhere. The company develops robotic software that can automate data-heavy business practices and provide companies with insights into their operational efficiency. The round brought the company’s valuation up to $1.8 billion and the company said it was one of the largest Series A rounds for an enterprise software company.

Seven of the top 15 NEA-led deals thus far in 2018 were directed toward companies working in healthcare, medical devices, and biotech. Among those companies is Radiology Partners which dubs itself the largest on-site radiology practice in the U.S. The company brought in $234 million in the NEA-led funding round. Another, smaller health-focused company that scored a $50 million Series D led by NEA is CareZone. The consumer tech company offers an application to help individuals manage their medications and health information.

Outside of healthcare is Canopy, which raised a $30 million Series B in March. Canopy aims to displace outdated accounting practices. New Enterprise Associates invested in both its Seed and Series A rounds,.

With investments this year in companies ranging from robots to taxes across all stages, New Enterprise Associates is staying true to its agnostic mission. For now, here are the top 15 NEA-led deals of 2018:

Organization NameFunding TypeMoney RaisedAnnounced Date
Automation AnywhereSeries A250MJuly 2018
Radiology PartnersVenture - Series Unknown234MMarch 2018
Collective HealthSeries D11MFebruary 2018
Personal Genome Diagnostics Series B75MJanuary 2018
CentrexionSeries D67MJanuary 2018
MetaventionSeries C65MJanuary 2018
Senti BiosciencesSeries A53MFebruary 2018
GoopSeries C50MMarch 2018
CareZoneSeries D50MMay 2018
ReltioSeries D45MMay 2018
Luminary MediaVenture - Series Unknown40MMay 2018
XSKY Data TechnologySeries C37.8MApril 2018
AetionSeries B36.4MApril 2018
CanopySeries B30MMarch 2018
Xoc PharmaceuticalsSeries A30MFebruary 2018