NEA To Open Chicago Office

New Enterprise Associates, Inc. said it will open a Chicago office to serve portfolio companies in the region. The firm has invested more than $300 million in 20 Chicago-based companies over the years including Groupon, ArcSight, Cleversafe, Echo Global Logistics, InnerWorkings, Neutral Tandem, and Sprout Social. NEA presently has offices in the Washington, D.C. region, Menlo Park, and New York City, as well as affiliate operations in Shanghai, Beijing, Bangalore and Mumbai.

Cleversafe Seals $31.4 Million in Series C Financing

Chicago-based cloud storage company Cleversafe has raised $31.4 million in an extended Series C funding round. Venture investors include Chicago-based OCA Ventures; Sunnyside, Calif.-based Motorola Ventures; and Menlo Park, Calif.-based New Enterprise Associates. The company will use the money in part to expand marketing of its dispersed storage platform.

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