Blog

  • FiftyThree:  Reimagining the “Blank Slate”

    FiftyThree, developer of the inspirational Paper app, Pencil stylus, and a thriving interactive community for creators called Mix, today announced a Series B round of funding led by NEA. Although the company is new to our portfolio, co-founder Georg Petschnigg and his team are well known to NEA—and I’m thrilled to partner with them as the company grows their base of millions of users and tackles new verticals with their fresh take on productivity. In 2013, we launched the NEA…

  • The Age of Service: Connected Devices Are Fueling a New Era of On-Demand Transactions

    Ten years ago, the notion of on-demand services like fresh milk and food delivery, doctors making house calls, or hitching a ride in a stranger’s car would have been ludicrous—relics of decades past, unimaginable in our modern world. Even three decades ago they were a distant memory, eroded by a culture of process innovation relentlessly focused on delivering more—making it better, faster, safer, cheaper. Consumption of everything from milk to news had become part of a…

  • The $800M Gorilla: eBay to Acquire Mobile Payments Disruptor Braintree

    Today we are excited to report that eBay has agreed to acquire Braintree, a payments company that processes more than $12 billion in transactions a year, for $800 million. It’s one of the year’s larger M&A transactions so far, also notable as an early exit in a sector where investors have placed some big bets—more than $800 million over the last year alone in mobile payments. NEA made one of those bets on Braintree because we saw a company with great leadership and…

  • Seeing the Future When Video Clouds Collide

    We are excited to be a part of today’s $50 million financing in Blue Jeans Network, the world’s fastest growing cloud-based video conferencing service.  NEA invested in Blue Jeans over 2 years ago and has had the privilege of watching the service grow from a proof-of-concept to a disruptive product now serving over 2,000 customers and 3 million participants.  The premise behind Blue Jeans is very simple – make video conferencing as pervasive and easy to use as audio…

    • May 10, 2013

    Kaazing: Powering Real-time Communication for the Next-Gen Web and Mobile Enterprise

    Deep technology shifts are underway today – including mobile, cloud, HTML5, and much more – causing a fundamental rethinking of modern infrastructure. Applications today must offer high performance on mobile devices and in the browser, and they must meet scalability and bandwidth demands that are growing by orders of magnitude. Although most infrastructure today struggles to meet such demands, technologies are emerging to re-invent the architecture of these systems. At NEA, we…