The company has also expanded to the East Coast, launching in New York and New JerseyRead more...
Early investor in Groupon, Salesforce goes back for capital, after raising $2.5B just two years ago
Global investment firm New Enterprise Associates is raising $2.3 billion for a new fund.
The fund, which was disclosed in an Securities and Exchange Commission (SEC) filing Monday, will be known as New Enterprise Associates 14, L.P.
Formed in 1977, NEA is based in Menlo Park, California and Chevy Chase, Maryland. Since its founding, NEA has invested in over 650 companies, of which more than 170 have gone public and more than 280 have been sold. NEA has more than $11 billion committed to 13 funds.
NEA has invested in companies as diverse as networking device manufacturer 3com; TiVo; Flash and Dreamwaver producer Macromedia; CareerBuilder, the largest online employment website in the US; enterprise software company Salesforce.com; discovery app Kismet; Hearsay, creator of Hearsay Social; and Groupon. NEA was an early investor in the social networking site, and when Groupon went public its shares were valued at over $2 billion.
In December 2009, NEA sold medical device company Acclarent to Johnson and Johnson firm Ethicon for $787 million. In January 2012, NEA partnered with Harvard to start the Experiment Fund, to finance student startups. In February, NEA teamed up with Founders Fund and TechCrunch to award $100,000 grants to 21 different investors.
NEA's last fund, which was completed in January 2010, brought in $2.5 billion, which the company used to invest in Berkeley-based Nordic Windpower, Playdom, 23 and Me, Yuse,and Millennia Media, along with some healthcare startups.
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Read more from our "Trends and news" series
The company got FDA approval for its COVID test earlier this year, will sees sales quadruple in 2020Read more...
With this funding the company has now raised over $230M and is valued at $1.1BRead more...
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Salesforce.com is the worldwide leader in on-demand customer relationship management (CRM) services. More companies trust their vital customer and sales data to salesforce.com than any other on-demand CRM company in the world.
Salesforce.com was founded in 1999 by former Oracle executive Marc Benioff, who pioneered the concept of delivering enterprise applications via a simple Web site. Salesforce.com is constantly building on that legacy by improving and expanding our award-winning suite of on-demand applications, our Force.com platform for extending Salesforce, and our one-of-a-kind AppExchange directory of on-demand applications.
Salesforce.com has received considerable recognition in the industry, including:
• Technology of the Year (InfoWorld, 2004, 2005, 2006)
• Editors' Choice Award (PC Magazine, 2002, 2003, 2004)
• Visionary Award (SDForum, 2004)
• Best of the Web (Forbes, 2003)
• CRM Excellence Award (Customer Inter@ction Solutions, 2003, 2004, 2005, 2006)
• Top 100 Innovators Award (BusinessWeek, 2006)
• Innovation Award (AMR Research, 2005)
• CODIE Award for Best CRM (2002, 2003, 2004, 2005, 2006)
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Kismet connects you to your existing friends in the real world by simplifying getting together face to face. We show you which of your friends are nearby or alert you when the app isn't open, then make it simple to invite them to meet you.
When you're planning to get together with a group of any size, Kismet makes the experience simpler and more social. Users can invite their friends whether or not they are Kismet users. Non-users can easily reply from the web or their phone without having to install the app.
No longer do you need to send hundreds of text messages or try to follow long email threads just to meet for Happy Hour. Users are also notified automatically when other users arrive and depart the event, meaning you’ll never have to ask “Are you here yet?”
Kismet was one of the most talked about companies of SXSW 2012, in the hot "ambient location" and "social discovery" space. Founded in 2011, Kismet was part of AngelPad's Winter 2011 class of startups, and has been lauded as one of the most privacy and user conscious apps in the space.
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The world’s largest brands, including State Farm, Farmers Group, and 24 Hour Fitness, use Hearsay Social’s award-winning technology platform to achieve regulatory compliance, build stronger customer relationships, and bolster their brand across all the major social networks, including Facebook, Twitter, LinkedIn, and Google+. Hearsay Social has raised $21M from Sequoia Capital, NEA, and top executives from Twitter, Facebook, LinkedIn, Google, and YouTube, and is headquartered in Silicon Valley with offices in New York and Ohio.