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Chevy Chase-Based NEA Raises $2.08 Billion For Newest Fund

Chevy Chase-based New Enterprise Associates has raised over $2.08 billion for its newest venture fund, according to regulatory filings. NEA is expected to close the new fund, called NEA 14, at $2.56 billion later this year. NEA previously closed on a $2.5 billion fund in Jan., 2010. The firm, with offices in Chevy Chase, Silicon Valley and Baltimore, currently has more than $11 billion in committed capital and has funded more than 650 companies in the information technology, energy technology and healthcare sectors. One of its most lucrative recent investments was in Chicago-based Groupon, which went public earlier this year.