New Enterprise Associates, known by the acronym NEA, has closed a new pair of early-stage and growth-stage funds, both hovering a little over $3 billion to a total of $6.2 billion.
The two-fund structure is a first that begets another first for the 45-year old firm: TechCrunch has learned that NEA has filed to be considered as a registered investment advisor, which, if passed, would give the firm a status similar to the likes of other storied firms including Andreessen Horowitz, SoftBank, and Sequoia Capital.
NEA’s shift signals the firm’s interest in doing business in a newer, more blended way. Scott Sandell, NEA’s general managing partner who has worked at the firm for nearly three decades, spoke to TechCrunch …
