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May 10, 2012 04:06 am GMT

NEA Raising $2.5 Billion For What Could Become The Largest VC Fund In History

Screen shot 2012-05-09 at 4.53.42 PMWhether it's revenue, users, funding, whatever -- nowadays in tech, it seems like the numbers just keep getting bigger. The latest example of this: New Enterprise Associates, the global venture capital firm with headquarters in Silicon Valley, is in the process of raising $2.56 billion for its 14th fund, "NEA 14," according to regulatory documents filed today with the Securities and Exchange Commission. NEA has already closed on nearly $2.1 billion for the fund, and $487 million of the offering remains to be sold, the filing said.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/iD2SNI_WxRc/

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