Science & Enterprise subscription

Follow us on Twitter

  • Covid-19 is truly a global pandemic, and today we offer a new map showing where the disease has spread.… https://t.co/Aku5UqO10p
    about 19 hours ago
  • New post on Science and Enterprise: Infographic – Covid-19 Global Spread Near Complete https://t.co/2sUPynmzxl #Science #Business
    about 19 hours ago
  • University engineering and medical groups designed simple, open-source face shields for health care workers on the… https://t.co/8fzWtcyNjK
    about 2 days ago
  • New post on Science and Enterprise: Univ. Labs Design, Produce Medical Face Shields https://t.co/qMza9qTIo1 #Science #Business
    about 2 days ago
  • An analysis of health care spending by large employers shows both companies and their employees are saving money fr… https://t.co/Pa0tWWmJyG
    about 2 days ago

Please share Science & Enterprise

$2.6B Venture Fund Aims for Health Care, Energy Companies

Loose bills of multiple denominations (borman818)New Enterprise Associates Inc., a venture capital company in Chevy Chase, Maryland, says it has closed its 14th fund with $2.6 billion in capital. New Enterprise says the new fund is its third consecutive property exceeding $2.5 billion, and brings the company’s total committed capital to more than $13 billion across all of its funds.

New Enterprise says the company expects to make investments in information technology (IT), health care, and energy companies. Health care sector opportunities include biopharmaceutical, medical device, and health care IT and services businesses. Information technology opportunities to be considered include enterprise software and systems, education, consumer technology, and digital media.

In the energy sector, New Enterprise says it has more than two dozen companies in its portfolio, including those developing solar, nuclear, advanced batteries, fuel cells, smart grids, lighting, and energy-efficient building materials.

In January, New Enterprise partnered with Harvard University to start the Experiment Fund, to finance seed-stage student start-ups at Harvard, particularly those working in information technologies, health care, and energy. In June, three more venture companies — Accel Partners, Breyer Capital, and Polaris Venture Partners — joined as partners of the Experiment Fund. That fund now has four start-ups in its portfolio.

Read more:

Photo: borman818/Flickr

*     *     *

Please share Science & Enterprise ...

Comments are closed.