NEA leads Series A round for APX Labs

APX Labs said Tuesday that it has closed $10 million in Series A funding. New Enteprise Associates led the round. In addition to the funding, Peter Barris and Dayna Grayson of NEA will join the firm’s board of directors. Headquartered in Herndon, Virginia, APX Labs is a maker of an enterprise smart glasses platform.

NEA leads funding round for Advanced Cardiac Therapeutics

Medical device company Advanced Cardiac Therapeutics has raised an undisclosed amount of funding in a round led by New Enterprise Associates. Previous backer NBGI Ventures was also an investor. In conjunction with the funding, ACT has added Justin Klein, a partner at NEA, to its board of directors. Also, Ajax Vascular CEO has been named chairman of the board while VytronUS CEO Mike Pederson joins the board as an independent director.


Fund performance: NEA and Austin show solid improvement in WSIB portfolio: VCJ

A generation of venture capital funds now reaching middle age is clearly benefiting from the business’ up-cycle, affiliate magazine Venture Capital Journal reports. This is apparent in the Washington State Investment Board’s Pathway and Invesco portfolios, where funds from the 2006 to 2008 vintages are turning in solid performances.


View from the secondary market: Sought-after venture capital funds

Secondaries broker Setter Capital has published a list of the 25 most sought after venture capital funds on the market. Brand names like Sequoia Capital and New Enterprise Associates topped the list, but overall venture funds have less demand than buyout funds, in part because of venture GPs’ tight control over transfer of LP stakes.

NEA launches second installment of design mentorship program

New Enterprise Associates has announced the second installment of its design mentorship program, In the Studio. Building on NEA’s 2013 program, In the Studio will be an intensive, two-week program for up to six design teams, developed and produced in collaboration with New York City-based product studio All Tomorrows, led by Albert Lee, and with Liz Danzico, founding chairperson of the Interaction Design program at New York City’s School of Visual Arts.


Distributions from Union Square and Spark spiked last year: VCJ

Distributions from Union Square Ventures’ debut 2004 fund and Spark Capital’s initial 2005 fund spiked last year, perhaps not surprisingly, according to a recent Washington State Investment Board portfolio report, affiliate magazine Venture Capital Journal says.


Embrane raises $14 Million Series C

Embrane has raised $14 million in Series C funding, led by Cisco. The round also includes new investor Presidio Ventures and participation from existing investors Lightspeed Venture Partners, New Enterprise Associates and North Bridge Venture Partners. Embrane is a provider of application-centric network services.

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