New Enterprise Associates is a venture capital firm that has funded more than 500 companies in the information technology and medical sectors. Founded in 1978, the company manages a fund of more than $6 billion. It has backed more than 150 companies that have gone public and has consistently ranked among the top firms in portfolio initial public offerings each year. New Enterprise Associates has also invested in more than 200 companies that have since been merged or acquired. The firm s investments focus on companies in the seed and start-up stages of development, which constitute more than 60-percent of the company s portfolio. New Enterprise Associates employs more than 55 people and is headquartered in Baltimore.