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Chevy Chase-Based New Enterprise Associates to Expand to Chicago

10/17/2012
New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm focused on information technology, healthcare and energy technology investments, said on Wednesday it will open a new office in Chicago. The news comes as the firm, which currently has U.S. offices in the DC area, Silicon Valley and New York, has led a $35 million investment in Braintree, a Chicago-based provider of online and mobile payment technology. NEA also announced that Zumper, an apartment rental website that matches landlords with potential tenants, will be expanding to Chicago later this year. The firm already has invested more than $300 million in 20 Chicago-based companies, including Groupon, ArcSight, Cleversafe, Echo Global Logistics, InnerWorkings, Neutral Tandem and Sprout Social. Peter Barris, managing general partner of NEA, also is a Chicago native.

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