Highlights from the past week’s VC Investment Company news.
New Enterprise Associates closes 14th fund at $2.6 billion, amid shift in leadership
New Enterprise Associates said Wednesday it has closed on what appears to be the largest venture fund in history at $2.6 billion. NEA’s 14th fund gives the VC titan a fresh pool of capital to inject into tech companies along a wide array of stages, sectors and geographies, and comes two and a half years after the firm closed on a thirteenth fund that was only slightly less mammoth. NEA is among the most prolific startup funders in the D.C. region, both in biotech and information technology.
Announcing Version One Ventures
Version One will back outstanding web and mobile entrepreneurs across North-America with $250,000 to $500,000 investments in Seed and Series A rounds.
Announcing K9 Ventures II – A $40M technology-focused micro-VC fund
With K9 Ventures II, for the most part everything remains the same as with the first fund, with just one major change: the initial investment amount. With the new fund K9 Ventures will be able to invest between $250K – $750K as an initial investment in the companies we back. This will allow us to potentially lead the seed round, while maintaining an active engagement with these companies (as with Fund I). K9 Ventures II will still be syndicating most investments with other seed and angel investors.
Tenaya Capital Closes Fund at $372M
Tenaya Capital, a venture capital firm that invests in high-growth technology companies, has closed its new fund, at $372m. Tenaya Capital VI focuses on investing across technology sectors, including enterprise software, consumer Internet, IT infrastructure, communications and electronics.
It will make earlier or later-stage investments of $5 – 10m, with the goal of $10 – 15m over the life of a portfolio company.
This Week In Venture Capital is brought to you by VM Index from Venture Market Intelligence – Venture Capital made easier
VM Index is an online IT, Life Science, Biotech & Med Tech venture capital funding tool with expert data that enables companies to raise more money, faster and at a better valuation than they could otherwise.