New Enterprise Associates (NEA) is a venture capital firm specializing in investments in venture growth equity at all points of developments with a 60 percent focus on seed and start-up stage companies. The firm prefers to invest in the information technology sector with a focus on communications, software and services, and electronics industries and the healthcare sector with a focus on energy technology, biopharmaceuticals, medical devices, healthcare services, and healthcare information technology industries. It initially invests between $200,000 and $40 million in a company and typically sponsors subsequent finance rounds. New Enterprise Associates was founded in 1978 and is based in Menlo Park, California with additional offices in Reston, Virginia; Baltimore, Maryland; Bejing, China; Middle Shanghai, China; Mumbai, India; and Bangalore, India.