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Merge raises $4.5M to help B2B companies build customer-facing integrations

Merge, a startup that helps its users build customer-facing integrations with third-party tools, today announced that it has raised a $4.5 million seed round led by NEA. Additional angel investors include former MuleSoft CEO Greg Schott, Cloudflare CEO Matthew Prince, Expanse co-founders Tim Junio and Matt Kraning, and Jumpstart CEO Ben Herman. Launched in 2020, the core focus of Merge is to give B2B companies a unified API to access data from what is currently about 40 HR, payroll, recruiting a...
Tags: Startups, Enterprise, Developer, Tech, Software, Computing, Api, Cloudflare, Merge, Matthew, Nea, Salesforce.com, Matthew Prince, Jumpstart, Expanse, Ding


Avatar startup Genies scores $65 million in funding round led by Mary Meeker’s Bond

Over the past several years, I’ve covered my fair share of upstart avatar companies that were all chasing the same dream — building out a customizable platform for a digital persona that gained wide adoption across games and digital spaces. Few of those startups I’ve covered in the past are still around. But by netting a string of successful partnerships with celebrity musicians, LA-based Genies has come closer than any startup before it to realizing the full vision of a wide-reaching avatar pla...
Tags: Gaming, Films, Tech, Ceo, Artificial Intelligence, Avatar, Justin Bieber, Nba, Software Development, National Basketball Association, Bond, Gucci, Coinbase, Cryptocurrency, Mary Meeker, Nea


Claiming a landmark in fusion energy, TAE Technologies sees commercialization by 2030

In a small industrial park located nearly halfway between Los Angeles and San Diego, one company is claiming to have hit a milestone in the development of a new technology for generating power from nuclear fusion. The twenty year old fusion energy technology developer TAE Technologies said its reactors could be operating at commercial scale by the end of the decade, thanks to its newfound ability to produce stable plasma at temperatures over 50 million degrees (nearly twice as hot as the sun), ....
Tags: Google, Energy, TC, Los Angeles, Tech, Moon, San Diego, Nuclear Fusion, North America, Norman, Orange County, Energy Storage, Department Of Energy, Nea, Venrock, Kuwait Investment Authority


Rapid raises $12M for its manufacturing robotics

Bay Area-based Rapid Robotics today . The new round, led by NEA, brings the company’s total funding up to $17.5 million. It joins a recently closed seed round, announced way back in November of last year. Existing investors Greycroft, Bee Partners and 468 Capital also took part in the round. We noted at that stage that COVID-19 had a sizable impact on robotics investment. At the very least, the pandemic has served to accelerate interest in automation, as many “non-essential” workers have been u...
Tags: Tech, Biden, Nea, Bay Area, Jordan Kretchmer, Rapid Robotics, Greycroft Bee Partners


Picking the wrong VC can get a founder fired. The 'Ben Rule' helps founders find the right one.

The "devil-eyed" frog was discovered by a scientific expedition in the high Bolivian Andes. Steffen Reichle of Conservation International/Handout via REUTERS Welcome to VC View: a column by venture capitalist Ben Narasin. I'm often asked by founders if they should seek venture funding. So I devised the "Ben Rule." It is: if the dream outcome isn't equal to 50% of the fund, you are pitching the wrong VC. And dire consequences could happen if that VC says yes. See more stories on Ins...
Tags: Trends, Venture Capital, Nea, New Enterprise Associates NEA, Ben Narasin, Narasin, FashionMall, Tech Insider, Dropcam Lending Club, Steffen Reichle, VC View, Ben Rule The Ben Rule


United States: Pitch Your Startup With Ben Narasin, Venture Partner At NEA - L2 Counsel

Garage to Global – Pitch Your Startup: Highly regarded early-stage investor Ben Narasin, a Venture Partner at NEA, a global venture capital firm, joins co-hosts Richard Levick of LEVICK and Louis Lehot...
Tags: News, Global, United States, Nea, Levick, Ben Narasin, Richard Levick


What Does Biden’s $1.9 Trillion Stimulus Bill Have For The Arts?

“The relief bill includes $470 million earmarked for cultural organizations, with $135 million each for the National Endowment for the Arts and the National Endowment for the Humanities, and $200 million for the Institute of Museum and Library Services (IMLS). The bulk of the NEA and NEH funding — 60 percent — is set aside for direct grants and relevant administrative expenses for programming related to the pandemic. The rest will go to state arts agencies and regional arts organizations to hel...
Tags: Art, Biden, Issues, Nea, Neh, National Endowment for the Humanities, National Endowment for the Arts, Institute of Museum and Library Services, 03.10.21


VC VIEW: Seed VCs who rely too much on a startup's numbers are being dangerously myopic

Business Insider Ben Narasin NEA Introducing Ben Narasin's column "VC View" about life as a venture capitalist. He'll share lessons learned over his decade as an early-stage investor backing companies like Dropcam, Lending Club, Kabbage and more. In this column he discusses the secret to picking winning companies. See more stories on Insider's business page. I had a thank-you coffee recently with a late stage investor, someone I had introduced to a deal where her fir...
Tags: Startups, Trends, Venture Capital, Nea, Clubhouse, New Enterprise Associates NEA, Ben Narasin, Narasin, FashionMall, Mike Maples, Tech Insider, Dropcam Lending Club, VC View, Dropcam Lending Club Kabbage


Geothermal home heating gets a $30 million boost from Bill Gates’ Breakthrough Energy Ventures

There’s a low energy solution to home heating and cooling sitting right underneath most houses, but until recently no one has been able to tap it. That solution is geothermal energy, using the earth’s own heat to provide temperature controlled comfort to homeowners is the mission that Kathy Hannun set for herself while working at Google X (the skunkworks division within Google) and it’s been her goal when she spun out her technology as the startup Dandelion Energy. Her company is now helmed by c...
Tags: Google, TC, New York, Tech, Bill Gates, Nea, Northeast, Westchester, Lennar, Con Edison, Dandelion, Opower, Breakthrough Energy Ventures, Sachse, Kathy Hannun, Hannun


Tony Florence, the head of NEA’s tech practice, on building breakthrough brands

Tony Florence isn’t as well known to the public as other top investors like Bill Gurley or Marc Andreessen, but he’s someone who founders with SaaS and especially marketplace e-commerce companies know — or should. He’s responsible for the global tech investing activities for NEA, one of the world’s biggest venture firms in terms of assets under management (it closed its newest fund with $3.6 billion last year). Florence has also been involved with a long list of e-commerce brands to break throug...
Tags: Amazon, Tech, Walmart, Vox, Florence, Tfl, Nea, Marc Lore, Marc Andreessen, Bill Gurley, Paltrow, Marc, Amazon Marketplace, Luisana, Scott Sandell, Tony Florence


Tony Florence, the low-flying head of NEA’s tech practice, on the art of building household brands

Tony Florence isn’t as well known to the public as other top investors like Bill Gurley or Marc Andreessen, but he’s someone who founders with SaaS and especially marketplace e-commerce companies know — or should. He’s responsible for the global tech investing activities for NEA, one of the world’s biggest venture firms in terms of assets under management (it closed its newest fund with $3.6 billion last year). Florence has also been involved with a long list of e-commerce brands to break throug...
Tags: Amazon, Tech, Walmart, Vox, Florence, Tfl, Nea, Marc Lore, Marc Andreessen, Bill Gurley, Paltrow, Marc, Amazon Marketplace, Luisana, Scott Sandell, Tony Florence


Newly funded Maisonette is becoming a go-to brand for fashion-conscious families; here’s how

Maisonette, a four-year-old, New York-based company has aimed from the outset to become a one-stop curated shop for everything a family might need for their young children. That plan appears to be working. Today, the company — which launched with preppy young children’s apparel and has steadily built out categories that include home decor, home furniture, toys, gear, and accessories — says it doubled its number of customers last year and tripled its revenue. Indeed, even as COVID could have crim...
Tags: Google, Amazon, New York, Milan, China, Tech, Brooklyn, Vogue, Anna Wintour, Princeton, Marissa Mayer, Gucci, Nea, Georgetown, Llamas, Mayer


A former NEA partner and a former Uber exec just closed their $140 million debut VC fund

In hindsight, Dayna Grayson and Rachel Holt didn’t have the best timing. It was late in 2019 when the two, both Washingtonians who met six years ago through a mutual acquaintance, decided to act on earlier conversations and start a fund together. At the time, Grayson spied an opportunity to create a new venture brand that focused largely on the types of manufacturing-related deals that she was funding inside of the investing giant, NEA, which she joined in 2012. Holt, who’d joined Uber in 2011, ...
Tags: Asia, Europe, Washington, China, Tech, Canada, East Coast, Nea, Aileen Lee, Josh Kopelman, Bay Area, Rachel, Dana, Holt, Grayson, Rachel Holt


Rocket.Chat raises $19M for its open-source approach to integrated enterprise messaging

Chat platforms like Slack have been game-changes when it comes to what business users want and expect out of their work communications. Today, a company that’s aiming to move the goalpost again with an integrated, open-source alternative is announcing some funding to fuel its growth. Rocket.Chat, a startup and open source-based platform of the same name used by banks, the U.S. Navy, NGOs, and other organizations big and small to set up and run any variety of secure virtual communications service...
Tags: Social, TC, Enterprise, Islamic State, Tech, Credit Suisse, Citibank, Delaware, Nea, Greycroft, U S Navy, Engel, Porto Alegre Brazil, Dylan Pearce Partner, Rocket Chat, Valor Capital Group Greycroft Monashees


Robinhood’s long weekend brings a total of $3.4 billion to its balance sheet

Popular, highly-scrutinized trading app Robinhood has raised $2.4 billion to its balance sheet from shareholders, as first reported by the and then confirmed by the company. The private startup raised $1 billion on Friday, meaning that it has raised $3.4 billion in a handful of days as it seeks to support a flood of retail investors looking to invest in individual stocks on its app – spurred by Redditors investing in GameStop in a effort to frustrate short sellers, in part.  Per Robinh...
Tags: Fundings & Exits, Startups, TC, Tech, SEC, Robinhood, Gamestop, Nea, AMC Robinhood, Andreessen Horowitz Sequoia Index Ventures


Renewable investment wave continues as solar lending company Loanpal raises $800 million

Days after the billionaire investor Chamath Palihapitiya announced his involvement in the $1.3 billion acquisition of the solar and home improvement lending business Sunlight Financial, a collection of investors announced a nearly $1 billion cash infusion into Loanpal, another renewable energy and home improvement lender. The $800 million commitment to Loanpal arrives alongside a flurry of climate commitments from some of the world’s largest investors. Yesterday, Blackrock chief Larry Fink, rele...
Tags: Energy, Startups, TC, Money, Finance, White House, Renewable Energy, Tesla, Bank Of America, Economy, Greenhouse Gas Emissions, Private Equity, Solarcity, Blackstone, Officer, Nea


NEA Releases A Blueprint For Arts Organizations Reopening

“The NEA conducted in-depth interviews with nine arts organizations to identify common practices among those who have successfully reopened their doors to audiences or visitors during the pandemic. In addition to these case studies, the NEA also drew from national service organizations in the arts, document scans, and interviews with arts management consultants.” – American Theatre
Tags: Art, Issues, Nea, 01.11.21


Healthcare VCs share their 2021 predictions

Welcome to Business Insider's daily healthcare newsletter, your daily dose of pharma, biotech, and healthcare news. Subscribe here to get this newsletter in your inbox every weekday. Hollis Johnson/Business Insider Hello,Today in healthcare news: , Verily reshuffles its leadership team, and what we know about the new coronavirus strain in the UK. We asked healthcare and biotech venture capitalists from leading firms like Venrock and NEA to share their predictions for 2021.2020 was a ...
Tags: Google, UK, England, France, US, Trends, Pfizer, Anthony Fauci, Nea, Venrock, Conrad, Justin Sullivan Getty, Paul Ellis, Andy Conrad, BLAKE DODGE, Hugh Langley


A top VC warns that 'fundamentally sound' healthcare startups might go under in 2021

Welcome to Business Insider's daily healthcare newsletter, your daily dose of pharma, biotech, and healthcare news. Subscribe here to get this newsletter in your inbox every weekday. Hollis Johnson/Business Insider Hello,Today in healthcare news, a little break from the barrage of vaccine news: A lot of healthcare startups are "effectively walking dead," Amwell is open to working with big tech, and the 4 home care startups that have raised the most funding.  Some companies with "fund...
Tags: Apple, Google, Florida, UK, America, Trends, Pfizer, Nea, PitchBook, Novavax, Amwell, Mohamad Makhzoumi, BLAKE DODGE, Megan Hernbroth, Makhzoumi, Lydia Ramsey Pflanzer


Dyal, Wafra Set to Buy Minority Stake in Venture Firm NEA - Bloomberg

Dyal, Wafra Set to Buy Minority Stake in Venture Firm NEA - Bloomberg An investor group led by Neuberger Berman’s Dyal Capital Partners and Kuwait-backed Wafra Inc. is in talks to buy a minority stake in New Enterprise Associates, one of the world’s largest venture capital firms, according to people with knowledge of the matter.A deal is slated to be completed by year-end, said the people, who asked not to be identified because the talks are private. The stake represents about 15% of NEA, one of...
Tags: Travel, Bloomberg, Silicon Valley, Kuwait, General Catalyst, Nea, New Enterprise Associates, Goldman Sachs Group Inc, Neuberger Berman, Dyal, Rupert Neil Bumfrey, Dyal Capital Partners, Petershill, Wafra, Wafra Inc, Dyal Wafra Set


Datafold raises seed from NEA to keep improving the lives of data engineers

Data engineering is one of these new disciplines that has gone from buzzword to mission critical in just a few years. Data engineers design and build all the connections between sources of raw data (your payments information or ad-tracking data or what have you) and the ultimate analytics dashboards used by business executives and data scientists to make decisions. As data has exploded, so has their challenge of doing this key work, which is why a new set of tools has arrived to make data engine...
Tags: Fundings & Exits, Startups, TC, Y Combinator, Enterprise, Funding, Tech, Nea, Datafold


Sales readiness platform MindTickle raises $100 million led by SoftBank Vision Fund 2

MindTickle, a startup that is helping hundreds of small and large firms improve their sales through its eponymous sales readiness platform, said on Monday it has raised $100 million in a new financing round. SoftBank Vision Fund 2 led the Pune and San Francisco-headquartered startup’s new financing round, which is a combination of debt and equity. Existing investors Norwest Venture Partners, Accel Partners, Canaan, NEA, NewView Capital, and Qualcomm Ventures also participated in the round, wh...
Tags: Facebook, Asia, Europe, India, Softbank, Funding, San Francisco, Tech, Zynga, SaaS, Accel Partners, Nea, Qualcomm Ventures, Norwest Venture Partners, Canaan, Pune


What Can The Arts Expect From The Biden Presidency?

An improvement, for starters: Biden is not going to submit a budget (let alone four of them in a row) eliminating the NEA and NEH. Reporter Eileen Kinsella spoke to several experts about where things stand now and where they’re likely to go with respect to tax law and the arts, federal cultural funding, tariffs and trade, and (of course) the pandemic. – Artnet
Tags: Art, Biden, Issues, Nea, Neh, 11.11.20, Eileen Kinsella


Former Dropbox CFO Ajay Vashee is joining the powerhouse venture firm IVP in January

Ajay Vashee — who spent the last eight years at Dropbox, rising from the head of finance to CFO over his tenure and helping to take the company public in 2018 — is joining the Silicon Valley venture firm IVP in January. It’s the realization of plans established long ago by Vashee, who fell in love with venture years ago and has always known he wanted to return to it, though he wasn’t sure when or where that night happen. Indeed, he says that when he announced that he was leaving Dropbox in...
Tags: TC, Tech, Dropbox, Venture Capital, Silicon Valley, Talent, Morgan Stanley, IVP, Hiring, Columbia, Nea, Bay Area, Ajay Vashee, Todd Chaffee, Vashee, NEA Vashee


Cookware startup Great Jones raises $1.75M as it expands into bakeware

Great Jones is expanding into a new area of the kitchen tomorrow, with what co-founder and CEO Sierra Tishgart described as the startup’s biggest launch since it released its first products two years ago. Ahead of launching the new bakeware line, Great Jones is announcing that it has raised $1.75 million in new funding. The money comes from notable figures in the e-commerce world — Fellow founder Jake Miller and Very Great founders Eric Prum and Josh Williams — along with restauranteurs inclu...
Tags: Fundings & Exits, Startups, TC, Ecommerce, Funding, Tech, Jones, Nea, Jake Miller, Kaye, Liza Landsman, Josh Williams, Sweetgreen, Great Jones, Ariel Kaye, Patty Cake


Pulumi raises $37.5M Series B for its cloud engineering platform

Seattle-based Pulumi, one of the newer startups in the ”infrastructure-as-code” space, today announced that it has raised a $37.5 million Series B funding round led by NEA. Previous investors Madrona Venture Group and Tola Capital also participated in this round, which brings the total investment in the company to $57.5 million. The new investment follows the launch of Pulumi 2.0, which got the company closer to its vision of becoming what the team calls a ‘cloud engineering platform’ and imp...
Tags: Startups, Cloud, Microsoft, Developer, Cloud Computing, Windows, Tech, Seattle, Nea, Madrona Venture Group, Duffy, Jacobson, Cloud Infrastructure, Joe Duffy, Eric Rudder, Scott Sandell


Anyscale adds $40M to bring its Ray-based distributed computing tech to the enterprise masses

The world of distributed computing took on a new profile this year when [email protected], a 20-year-old distributed computing project, found itself picking up thousands of new volunteers to help Covid-19 researchers generate more computing power to fold proteins and run other calculations needed for screening potential drug compounds to fight the novel coronavirus. Today, a startup that is also tapping the potential and opportunity in distributed computing is announcing a round of growth funding to ...
Tags: Google, Amazon, Python, TC, Tech, Intel, Andreessen Horowitz, Berkeley, UC Berkeley, Apache Spark, Nea, Ray, Apple Google, Microsoft Intel, Nishihara, Stoica


Trump's week with COVID-19

Welcome to Business Insider's daily healthcare newsletter, your daily dose of pharma, biotech, and healthcare news. Subscribe here to get this newsletter in your inbox every weekday. Hollis Johnson/Business Insider Hello,What a week it's been. If you can believe it, it was just a week ago that we learned that President Donald Trump had been diagnosed with COVID-19. After a four-day stay at the hospital, he's back at the White House, and somehow spending part of his days touting coronavir...
Tags: Amazon, White House, US, Trends, Vc, Healthcare, Medicare, Siberia, Silicon Valley, Roy, Goldman Sachs, Fda, Pfizer, Vaccine, Donald Trump, Nea


Amid a boom in SPACs, few women investors

If you’ve been following the SPAC boom, you may have noticed something about these blank-check vehicles that are springing up left and right in order to take public privately held companies. They are being organized mostly by men. It’s not surprising, given the relative dearth of women in senior financial positions in banking and the venture industry. But it also begs the question of whether women, already hustling to overcome a wealth gap, could be left behind if the trend gains momentum. Consi...
Tags: TC, New York, California, Ipo, Tech, Marvin, Venture Capital, Reid Hoffman, SEC, Goldman Sachs, Emil Michael, Firstmark, Jefferies, TechCrunch, Nea, New York Islanders


Meet the 16 up-and-coming VC investors who are funding the future of healthcare in 2020

NEA; Comcast Ventures; Tusk Ventures; Samantha Lee/Business Insider Many investors predicted Silicon Valley would be at a loss during the coronavirus pandemic, with cautious investors pulling back venture funding and startup founders fleeing to more affordable locales. But for healthcare startups and investors, that future never materialized.Instead, healthcare investment has had a blockbuster year, with an all-time-high number of deals and a record number of dollars invested. Telehealth s...
Tags: US, Trends, Silicon Valley, Nea, Comcast Ventures, Business Insider, Tusk Ventures, Megan Hernbroth, Samantha Lee Business Insider Many