New Enterprise Associates

New Enterprise Associates, Inc. is a private equity and venture capital firm founded in 1977 and headquartered in Menlo Park, California, with additional offices in India and China. The firm specializes in investing across various stages of business development, from seed funding to public offerings, with a strong emphasis on the technology and healthcare sectors. Its investment strategy encompasses a wide range of industries, including information technology, consumer internet, financial technology, software, healthcare services, life sciences, biopharmaceuticals, and energy technology. New Enterprise Associates actively engages with entrepreneurs to support the growth of their companies, making investments between $0.05 million and $20 million. The firm has a global investment focus, particularly in regions such as Asia, Brazil, and the United States.

Michael Albert

Associate

Kate Barrett

Partner, Communications

Peter Barris

Chairman

Forest Baskett

General Partner

Ron Bernal

Venture Partner

Zak Burns

Associate

James Buxton MD

Principal

Carmen Chang

Partner, Chair and Head of Asia

Tak Cheung

Partner

Philip Chopin

Managing Director, NEA UK

Pamela Clark

General Partner

Vanessa Deng

Associate

Chris Doppman

Principal, LP Relations

Tony Florence

General Partner

Jay Graf

Venture Partner

Lily Huang

Principal, Healthcare VC

Arjun Jain

Senior Associate

James Kaplan

Associate

Patrick Kerins

General Partner

Nick Kline

Principal, LP Relations

Vanessa Larco

Partner

Danielle Lay

Principal

Tiffany Le

Senior Associate

Michael Li

Principal

Tiffany Luck

Partner

Mohamad Makhzoumi

General Partner

Matthew McAviney

Partner

Amit Mukherjee

Partner

Bibhash Mukhopadhyay

Principal

Mike O'Dell

Venture Partner

Kemi Odusan

Senior Associate

Greg Papadopoulos

Venture Partner

Luke Pappas

Principal

Michele Park

Partner

Eileen Qian

Associate

Scott Sandell

Managing General Partner

Tim Schaller

CFO

Andrew Schoen

Partner

Jordan Shapiro

Senior Associate

Alex Sharata

Associate

Peter Sonsini

General Partner

George Stamas

Venture Partner

Brad Thawley

Partner, Limited Partner Relations

Lila Tretikov

Partner

Paul Walker

General Partner

Blake Wu

Partner

Lulu Xu

Principal

Rick Yang

Partner, Head of Technology

Emily Zhen

Associate

Ann Bordetsky

Partner

Arno Penzias Ph.D

Venture Partner

J.C. Lopez

Principal

Past deals in Midwestern US

SimpleRose

Venture Round in 2023
SimpleRose Inc. is a technology company based in Saint Louis, Missouri, that specializes in developing a prescriptive analytics platform aimed at enhancing decision-making processes in complex environments. Founded in 2018, the company's solutions focus on optimizing operations through applications such as scheduling, production planning, and portfolio optimization. By leveraging algorithmic innovations for improved numerical accuracy and speed, SimpleRose enables organizations to tackle intricate operational challenges and make informed decisions in real-time.

Relievant Medsystems

Venture Round in 2023
Relievant Medsystems, Inc. is a medical device company focused on developing minimally invasive treatments for chronic axial low back pain. The company has created the Intracept procedure, which specifically targets the basivertebral nerve to alleviate chronic vertebrogenic low back pain. By delivering targeted energy into the spine, the Intracept System effectively blocks the transmission of pain signals, providing patients with a low-risk therapeutic option. Founded in 2004, Relievant is headquartered in Minneapolis, Minnesota, with additional operations in Sunnyvale, California.

MBX Biosciences

Series B in 2022
MBX Biosciences, Inc. is a biotechnology company based in Carmel, Indiana, specializing in the development of therapeutics for rare endocrine disorders. Established in 2018, the company focuses on creating peptides aimed at treating genetic diseases that affect glandular hormones, which play a crucial role in the body’s chemical messaging system. By targeting conditions with inadequate treatment options, MBX Biosciences is dedicated to discovering, developing, and commercializing innovative endocrine therapeutics.

Celcuity

Post in 2022
Celcuity Inc. is a clinical-stage biotechnology company based in Minneapolis, Minnesota, focused on advancing cancer treatment through innovative diagnostics. The company's CELsignia diagnostic platform utilizes living tumor cells to uncover specific cellular processes that drive cancer in individual patients. This approach enables the identification of new cancer sub-types that traditional molecular diagnostics may overlook, ultimately expanding therapeutic options. Celcuity is developing the CELsignia HSF test to diagnose two new sub-types of HER2-negative breast cancer and the CELsignia MP test for diagnosing 11 sub-types across various cancers, including breast, lung, colon, ovarian, kidney, and bladder. The company is also advancing its lead therapeutic candidate, gedatolisib, a pan-PI3K and mTOR inhibitor, currently being evaluated in a Phase 3 clinical trial for patients with advanced HR+/HER2- breast cancer.

Relievant Medsystems

Venture Round in 2020
Relievant Medsystems, Inc. is a medical device company focused on developing minimally invasive treatments for chronic axial low back pain. The company has created the Intracept procedure, which specifically targets the basivertebral nerve to alleviate chronic vertebrogenic low back pain. By delivering targeted energy into the spine, the Intracept System effectively blocks the transmission of pain signals, providing patients with a low-risk therapeutic option. Founded in 2004, Relievant is headquartered in Minneapolis, Minnesota, with additional operations in Sunnyvale, California.

Everactive

Series C in 2020
Everactive, Inc., also known as Everactive Insights, Inc., specializes in the development of wireless sensing devices and technologies tailored for Industrial Internet of Things (IoT) applications. The company produces ultra-low-power chips that enable battery-less wireless sensors, facilitating data generation and analytics for various industrial operations. Its innovations include PsiKick integrated circuits, which support programmable processing, power management, and RF communication. Everactive's solutions encompass steam trap monitoring, flare system monitoring, and machine health monitoring, allowing for continuous analysis of industrial assets. Founded in 2012 and headquartered in Santa Clara, California, Everactive also has locations in Charlottesville, Virginia, and Ann Arbor, Michigan. The company’s technology is based on energy harvesting, enabling low-cost and long-lived instrumentation that supports sustainable and scalable IoT applications.

MBX Biosciences

Series A in 2020
MBX Biosciences, Inc. is a biotechnology company based in Carmel, Indiana, specializing in the development of therapeutics for rare endocrine disorders. Established in 2018, the company focuses on creating peptides aimed at treating genetic diseases that affect glandular hormones, which play a crucial role in the body’s chemical messaging system. By targeting conditions with inadequate treatment options, MBX Biosciences is dedicated to discovering, developing, and commercializing innovative endocrine therapeutics.

CVRx

Venture Round in 2020
CVRx is a medical device company that develops implantable technology for the treatment of high blood pressure. Its products include Rheos implantable pulse generator that provides control and delivery of the activation energy; and Rheos carotid sinus leads, which conducts activation energy from the Rheos implantable pulse generator to the left and right carotid arteries. The company also offers a Rheos programmer system that communicates with the Rheos pulse generator. CVRx was founded in 2001 and is based in Minneapolis, Minnesota.

Tempus

Series G in 2020
Tempus is a technology company improving precision medicine through the practical application of artificial intelligence in healthcare. Their platform is designed to analyze and interpret clinical and molecular data to help healthcare providers deliver more personalized and effective treatments.

Collective Health

Series E in 2019
Collective Health is a prominent health benefits platform that streamlines the management of medical, dental, vision, and pharmacy services for employees and their families. By offering an integrated solution through a cloud-based self-insurance platform, the company simplifies the administration of health plans via a single portal. This platform provides users with clear guidance, live concierge support, and digital tools to facilitate the navigation and management of healthcare services. Collective Health aims to reduce the complexities of delivering health benefits, enhance the member experience, and promote healthier outcomes for both employees and organizations. Headquartered in San Francisco, California, the company also has offices in Chicago, Illinois, and Lehi, Utah.

CVRx

Series G in 2019
CVRx is a medical device company that develops implantable technology for the treatment of high blood pressure. Its products include Rheos implantable pulse generator that provides control and delivery of the activation energy; and Rheos carotid sinus leads, which conducts activation energy from the Rheos implantable pulse generator to the left and right carotid arteries. The company also offers a Rheos programmer system that communicates with the Rheos pulse generator. CVRx was founded in 2001 and is based in Minneapolis, Minnesota.

Tempus

Series F in 2019
Tempus is a technology company improving precision medicine through the practical application of artificial intelligence in healthcare. Their platform is designed to analyze and interpret clinical and molecular data to help healthcare providers deliver more personalized and effective treatments.

Mejuri

Series B in 2019
Mejuri Inc. is a Canadian company that specializes in the manufacture and sale of fine jewelry, including rings, necklaces, earrings, bracelets, and engagement pieces. Founded in 2015 and headquartered in Toronto, Mejuri operates showrooms in New York, Toronto, and Chicago, while also offering its products through a direct-to-consumer e-commerce platform. This model allows Mejuri to provide quality handcrafted jewelry at accessible prices by eliminating middlemen and maintaining a fast supply chain that introduces new designs weekly. Committed to exceptional craftsmanship and ethical practices, Mejuri aims to empower women to incorporate luxury into their everyday lives. The company serves customers not only in Canada and the United States but also internationally.

Catalytic

Series B in 2019
Catalytic Inc. operates a cloud-based automation platform designed to streamline data processing tasks for businesses. Founded in 2015 and based in Chicago, Illinois, with an additional office in Naperville, the company provides a solution that enables users to build an intelligent automation layer for processing data, documents, emails, and other systems. The platform allows for the automation of various tasks, including document generation, trigger responses, and data collection, while facilitating integration with existing systems through APIs and SFTP. Catalytic empowers business users to create process-driven solutions tailored to their needs, enhancing efficiency and productivity across organizations. Clients such as Bosch, Dentsu Aegis Network, and UL have leveraged Catalytic's capabilities to improve their operational efficiency, deliver better customer experiences, and increase profitability.

SimpleRose

Venture Round in 2018
SimpleRose Inc. is a technology company based in Saint Louis, Missouri, that specializes in developing a prescriptive analytics platform aimed at enhancing decision-making processes in complex environments. Founded in 2018, the company's solutions focus on optimizing operations through applications such as scheduling, production planning, and portfolio optimization. By leveraging algorithmic innovations for improved numerical accuracy and speed, SimpleRose enables organizations to tackle intricate operational challenges and make informed decisions in real-time.

Tempus

Series E in 2018
Tempus is a technology company improving precision medicine through the practical application of artificial intelligence in healthcare. Their platform is designed to analyze and interpret clinical and molecular data to help healthcare providers deliver more personalized and effective treatments.

Relievant Medsystems

Series E in 2018
Relievant Medsystems, Inc. is a medical device company focused on developing minimally invasive treatments for chronic axial low back pain. The company has created the Intracept procedure, which specifically targets the basivertebral nerve to alleviate chronic vertebrogenic low back pain. By delivering targeted energy into the spine, the Intracept System effectively blocks the transmission of pain signals, providing patients with a low-risk therapeutic option. Founded in 2004, Relievant is headquartered in Minneapolis, Minnesota, with additional operations in Sunnyvale, California.

Tempus

Series D in 2018
Tempus is a technology company improving precision medicine through the practical application of artificial intelligence in healthcare. Their platform is designed to analyze and interpret clinical and molecular data to help healthcare providers deliver more personalized and effective treatments.

Collective Health

Series D in 2018
Collective Health is a prominent health benefits platform that streamlines the management of medical, dental, vision, and pharmacy services for employees and their families. By offering an integrated solution through a cloud-based self-insurance platform, the company simplifies the administration of health plans via a single portal. This platform provides users with clear guidance, live concierge support, and digital tools to facilitate the navigation and management of healthcare services. Collective Health aims to reduce the complexities of delivering health benefits, enhance the member experience, and promote healthier outcomes for both employees and organizations. Headquartered in San Francisco, California, the company also has offices in Chicago, Illinois, and Lehi, Utah.

Everactive

Venture Round in 2017
Everactive, Inc., also known as Everactive Insights, Inc., specializes in the development of wireless sensing devices and technologies tailored for Industrial Internet of Things (IoT) applications. The company produces ultra-low-power chips that enable battery-less wireless sensors, facilitating data generation and analytics for various industrial operations. Its innovations include PsiKick integrated circuits, which support programmable processing, power management, and RF communication. Everactive's solutions encompass steam trap monitoring, flare system monitoring, and machine health monitoring, allowing for continuous analysis of industrial assets. Founded in 2012 and headquartered in Santa Clara, California, Everactive also has locations in Charlottesville, Virginia, and Ann Arbor, Michigan. The company’s technology is based on energy harvesting, enabling low-cost and long-lived instrumentation that supports sustainable and scalable IoT applications.

Tempus

Series C in 2017
Tempus is a technology company improving precision medicine through the practical application of artificial intelligence in healthcare. Their platform is designed to analyze and interpret clinical and molecular data to help healthcare providers deliver more personalized and effective treatments.

Noonlight

Seed Round in 2017
Noonlight, Inc. is a company that specializes in personal safety through its mobile application, which connects various Internet of Things (IoT) devices to enhance user protection. Founded in 2013 and headquartered in Saint Louis, Missouri, Noonlight's platform provides 24/7 professional monitoring and data-driven emergency response capabilities. The application enables users to create accounts and connect multiple devices, allowing for precise location detection in emergencies. In critical situations, it can alert authorities without necessitating a 911 call or verbal communication. Noonlight's technology is operational across the United States, making it a versatile tool for enhancing personal safety and comfort.

Mighty AI

Series B in 2017
Mighty AI, Inc. operates a Training Data as a Service platform that assists businesses in acquiring the datasets necessary to train and enhance their computer vision and natural language models. The company's platform features a global community of individuals who perform micro tasks, such as labeling objects in images and conducting sentiment analysis on text. By leveraging its proprietary machine learning technology and a comprehensive suite of annotation software, Mighty AI ensures high accuracy and scalability in the data it provides. Founded in 2014 and headquartered in Seattle, Washington, with an additional office in Detroit, Michigan, Mighty AI serves customers worldwide and specializes in delivering training data for companies developing computer vision models, particularly for autonomous vehicles. The company was previously known as Spare5 Inc. and became a subsidiary of Uber Technologies, Inc. in 2019.

Relievant Medsystems

Series D in 2016
Relievant Medsystems, Inc. is a medical device company focused on developing minimally invasive treatments for chronic axial low back pain. The company has created the Intracept procedure, which specifically targets the basivertebral nerve to alleviate chronic vertebrogenic low back pain. By delivering targeted energy into the spine, the Intracept System effectively blocks the transmission of pain signals, providing patients with a low-risk therapeutic option. Founded in 2004, Relievant is headquartered in Minneapolis, Minnesota, with additional operations in Sunnyvale, California.

Fieldglass

Venture Round in 2016
Fieldglass, Inc. provides intelligent solutions for finding and managing human capital. It offers an unified technology platform that allows hiring managers, human resources personnel, and staffing companies to acquire human capital, including contingent workers, services, and direct hires. The company's solutions include InSite Contingent, a software as a service platform that automates the process of procuring and managing contingent labor, from requisition through invoice and payment; InSite Services, which ensures compliance with corporate and legal obligations for various project-based engagements; and InSite Recruitment that automates the process for directly hiring full and part-time, and contingent workers. It also offers professional services, including implementation and account; training services, such as insite and change management; and support services. The company serves various industries, such as financial services, healthcare, pharmaceuticals, and telecommunications. Fieldglass, Inc. was formerly known as B2BPeople, Inc. The company was founded in 1999 and is headquartered in Chicago, Illinois with technology development offices in Naperville, Illinois; and Mumbai, India.

Catalytic

Series A in 2016
Catalytic Inc. operates a cloud-based automation platform designed to streamline data processing tasks for businesses. Founded in 2015 and based in Chicago, Illinois, with an additional office in Naperville, the company provides a solution that enables users to build an intelligent automation layer for processing data, documents, emails, and other systems. The platform allows for the automation of various tasks, including document generation, trigger responses, and data collection, while facilitating integration with existing systems through APIs and SFTP. Catalytic empowers business users to create process-driven solutions tailored to their needs, enhancing efficiency and productivity across organizations. Clients such as Bosch, Dentsu Aegis Network, and UL have leveraged Catalytic's capabilities to improve their operational efficiency, deliver better customer experiences, and increase profitability.

Rotation Medical

Series B in 2016
Rotation Medical Inc. is a medical device company based in Plymouth, Minnesota, specializing in the development of a minimally invasive rotator cuff implant system designed for the treatment of rotator cuff diseases. The company's primary product is a collagen scaffold that is affixed to the affected rotator cuff tendon, aimed at managing tendon injuries and providing protection for both small and larger rotator cuff tears. Founded in 2009 and initially known as Denali Medical Inc., the company rebranded to Rotation Medical in March 2010. As of December 2017, Rotation Medical operates as a subsidiary of Smith & Nephew plc.

Everactive

Series B in 2015
Everactive, Inc., also known as Everactive Insights, Inc., specializes in the development of wireless sensing devices and technologies tailored for Industrial Internet of Things (IoT) applications. The company produces ultra-low-power chips that enable battery-less wireless sensors, facilitating data generation and analytics for various industrial operations. Its innovations include PsiKick integrated circuits, which support programmable processing, power management, and RF communication. Everactive's solutions encompass steam trap monitoring, flare system monitoring, and machine health monitoring, allowing for continuous analysis of industrial assets. Founded in 2012 and headquartered in Santa Clara, California, Everactive also has locations in Charlottesville, Virginia, and Ann Arbor, Michigan. The company’s technology is based on energy harvesting, enabling low-cost and long-lived instrumentation that supports sustainable and scalable IoT applications.

Uptake

Series B in 2015
Uptake Technologies, Inc. is a technology company that specializes in developing a predictive analytics platform designed to enhance operational efficiency across various industries, including healthcare, insurance, locomotives, construction, and manufacturing. Founded in 2014 and headquartered in Chicago, Illinois, Uptake's platform analyzes sensor data to predict and prevent equipment failures, identify hidden profit opportunities, and uncover new growth avenues. By transforming data into actionable insights, the platform facilitates equipment monitoring, diagnostic troubleshooting, event and condition prediction, and task management, ultimately improving uptime and streamlining operations for its clients.

Mighty AI

Series A in 2015
Mighty AI, Inc. operates a Training Data as a Service platform that assists businesses in acquiring the datasets necessary to train and enhance their computer vision and natural language models. The company's platform features a global community of individuals who perform micro tasks, such as labeling objects in images and conducting sentiment analysis on text. By leveraging its proprietary machine learning technology and a comprehensive suite of annotation software, Mighty AI ensures high accuracy and scalability in the data it provides. Founded in 2014 and headquartered in Seattle, Washington, with an additional office in Detroit, Michigan, Mighty AI serves customers worldwide and specializes in delivering training data for companies developing computer vision models, particularly for autonomous vehicles. The company was previously known as Spare5 Inc. and became a subsidiary of Uber Technologies, Inc. in 2019.

Collective Health

Series B in 2015
Collective Health is a prominent health benefits platform that streamlines the management of medical, dental, vision, and pharmacy services for employees and their families. By offering an integrated solution through a cloud-based self-insurance platform, the company simplifies the administration of health plans via a single portal. This platform provides users with clear guidance, live concierge support, and digital tools to facilitate the navigation and management of healthcare services. Collective Health aims to reduce the complexities of delivering health benefits, enhance the member experience, and promote healthier outcomes for both employees and organizations. Headquartered in San Francisco, California, the company also has offices in Chicago, Illinois, and Lehi, Utah.

Collective Health

Series B in 2015
Collective Health is a prominent health benefits platform that streamlines the management of medical, dental, vision, and pharmacy services for employees and their families. By offering an integrated solution through a cloud-based self-insurance platform, the company simplifies the administration of health plans via a single portal. This platform provides users with clear guidance, live concierge support, and digital tools to facilitate the navigation and management of healthcare services. Collective Health aims to reduce the complexities of delivering health benefits, enhance the member experience, and promote healthier outcomes for both employees and organizations. Headquartered in San Francisco, California, the company also has offices in Chicago, Illinois, and Lehi, Utah.

Mighty AI

Seed Round in 2014
Mighty AI, Inc. operates a Training Data as a Service platform that assists businesses in acquiring the datasets necessary to train and enhance their computer vision and natural language models. The company's platform features a global community of individuals who perform micro tasks, such as labeling objects in images and conducting sentiment analysis on text. By leveraging its proprietary machine learning technology and a comprehensive suite of annotation software, Mighty AI ensures high accuracy and scalability in the data it provides. Founded in 2014 and headquartered in Seattle, Washington, with an additional office in Detroit, Michigan, Mighty AI serves customers worldwide and specializes in delivering training data for companies developing computer vision models, particularly for autonomous vehicles. The company was previously known as Spare5 Inc. and became a subsidiary of Uber Technologies, Inc. in 2019.

Everactive

Series A in 2014
Everactive, Inc., also known as Everactive Insights, Inc., specializes in the development of wireless sensing devices and technologies tailored for Industrial Internet of Things (IoT) applications. The company produces ultra-low-power chips that enable battery-less wireless sensors, facilitating data generation and analytics for various industrial operations. Its innovations include PsiKick integrated circuits, which support programmable processing, power management, and RF communication. Everactive's solutions encompass steam trap monitoring, flare system monitoring, and machine health monitoring, allowing for continuous analysis of industrial assets. Founded in 2012 and headquartered in Santa Clara, California, Everactive also has locations in Charlottesville, Virginia, and Ann Arbor, Michigan. The company’s technology is based on energy harvesting, enabling low-cost and long-lived instrumentation that supports sustainable and scalable IoT applications.

Rotation Medical

Series B in 2014
Rotation Medical Inc. is a medical device company based in Plymouth, Minnesota, specializing in the development of a minimally invasive rotator cuff implant system designed for the treatment of rotator cuff diseases. The company's primary product is a collagen scaffold that is affixed to the affected rotator cuff tendon, aimed at managing tendon injuries and providing protection for both small and larger rotator cuff tears. Founded in 2009 and initially known as Denali Medical Inc., the company rebranded to Rotation Medical in March 2010. As of December 2017, Rotation Medical operates as a subsidiary of Smith & Nephew plc.

Collective Health

Series A in 2014
Collective Health is a prominent health benefits platform that streamlines the management of medical, dental, vision, and pharmacy services for employees and their families. By offering an integrated solution through a cloud-based self-insurance platform, the company simplifies the administration of health plans via a single portal. This platform provides users with clear guidance, live concierge support, and digital tools to facilitate the navigation and management of healthcare services. Collective Health aims to reduce the complexities of delivering health benefits, enhance the member experience, and promote healthier outcomes for both employees and organizations. Headquartered in San Francisco, California, the company also has offices in Chicago, Illinois, and Lehi, Utah.

Hatch Loyalty

Series B in 2013
Hatch Loyalty Inc. is a provider of a loyalty and rewards platform aimed at small and medium-sized businesses, enabling them to create customized loyalty programs and execute effective marketing campaigns. Founded in 2011 and headquartered in Chicago, Illinois, Hatch offers a suite of tools, including HatchHQ, HatchIQ, and HatchHUB, designed to enhance customer engagement and foster meaningful relationships. The platform also features the industry-leading solution, Belly, which provides off-the-shelf marketing capabilities for businesses. Hatch Loyalty focuses on making customer insights actionable, allowing retailers to tailor experiences and drive loyalty through data-driven decision-making. Previously known as Belly Inc., the company rebranded in September 2017 and operates as a subsidiary of Stuzo Inc.

Cleversafe

Series D in 2013
Cleversafe, Inc. specializes in developing web-scale storage solutions tailored for the demands of hyperscale environments. Founded in 2004 and based in Chicago, Illinois, the company provides a range of services including enterprise storage, content repository, and Storage-as-a-Service. Cleversafe's technology addresses the rapid growth of unstructured data, which is increasing by 60-80 percent annually, by enabling businesses to store, manage, and access data at petabyte scale and beyond. The company's solutions are designed for various industries, including financial services, healthcare, media, oil and gas, and government, ensuring significant improvements in economic efficiency, security, and operational simplicity. As of November 2015, Cleversafe operates as a subsidiary of International Business Machines Corporation.

CVRx

Series F in 2013
CVRx is a medical device company that develops implantable technology for the treatment of high blood pressure. Its products include Rheos implantable pulse generator that provides control and delivery of the activation energy; and Rheos carotid sinus leads, which conducts activation energy from the Rheos implantable pulse generator to the left and right carotid arteries. The company also offers a Rheos programmer system that communicates with the Rheos pulse generator. CVRx was founded in 2001 and is based in Minneapolis, Minnesota.

Apnex Medical

Venture Round in 2012
Apnex Medical, Inc. manufactures and markets medical devices such as implants for the treatment of obstructive sleep apnea. Apnex Medical, Inc. was incorporated in 2006 and is based in Saint Paul, Minnesota.

Upstart

Seed Round in 2012
Upstart is a lending platform founded in 2012 and headquartered in San Mateo, California, and Columbus, Ohio. The company utilizes artificial intelligence and machine learning to enhance the credit pricing and borrowing process. Its proprietary underwriting model allows for the identification of borrowers with limited credit and employment histories by analyzing various factors such as educational background, field of study, and work experience. Upstart connects consumer loan demand to a network of AI-enabled bank partners, offering a range of financial products, including personal loans, automotive retail loans, home equity lines of credit, and small dollar loans. This approach enables partnering banks to achieve higher approval rates and lower loss rates while providing a streamlined digital lending experience for borrowers.

Say Media

Venture Round in 2012
Say Media, Inc. is a digital publishing company that provides a platform for creating, distributing, and monetizing digital content. With its Tempest content management system, Say Media supports independent content creators in building engaged communities across various consumer interest areas, including Style, Living, Food, and Tech. The company offers innovative advertising solutions such as AdFrames, which enhance reader engagement by allowing users to opt-in to the ad experience, as well as Portable Creative, which extends these capabilities beyond Say Media’s inventory. Headquartered in San Francisco, with additional offices in New York, Chicago, London, Toronto, and Portland, Say Media reaches an audience of over 400 million worldwide. The company was founded in 2004 and was formerly known as VideoEgg, Inc. It has operated as a subsidiary of TheMaven, Inc. since December 2018.

EventUp

Seed Round in 2012
Eventup, Inc. operates an online marketplace that facilitates the booking of diverse event venues across the United States. Founded in 2011 and headquartered in Santa Monica, California, the platform features a wide range of locations, including homes, apartments, lofts, hotels, galleries, and unique spaces suitable for various events such as weddings, corporate gatherings, and parties. By connecting property owners directly with clients, Eventup simplifies the venue selection process, allowing users to discover and book locations quickly and efficiently. Its comprehensive approach addresses the challenges of a fragmented market, enabling venue operators to monetize underutilized spaces while providing customers access to distinctive and previously hard-to-find venues. The company's operations extend to major cities including Los Angeles, New York, San Francisco, and Chicago, and it functions as a subsidiary of Gather Technologies, Inc.

Relievant Medsystems

Series D in 2012
Relievant Medsystems, Inc. is a medical device company focused on developing minimally invasive treatments for chronic axial low back pain. The company has created the Intracept procedure, which specifically targets the basivertebral nerve to alleviate chronic vertebrogenic low back pain. By delivering targeted energy into the spine, the Intracept System effectively blocks the transmission of pain signals, providing patients with a low-risk therapeutic option. Founded in 2004, Relievant is headquartered in Minneapolis, Minnesota, with additional operations in Sunnyvale, California.

Apnex Medical

Series C in 2012
Apnex Medical, Inc. manufactures and markets medical devices such as implants for the treatment of obstructive sleep apnea. Apnex Medical, Inc. was incorporated in 2006 and is based in Saint Paul, Minnesota.

BridgePoint Medical

Series C in 2011
BridgePoint Medical, a private company with headquarters in Minneapolis, Minnesota, is focused on developing innovative and proprietary technology in the field of interventional cardiology for access to and treatment of chronic total occlusions.

Groupon

Venture Round in 2011
Groupon operates online local commerce marketplaces that connect consumers with merchants by offering discounted goods and services in North America and internationally. The company provides a wide array of deals, including those related to events, health and wellness, food and drink, home and garden, automotive services, and travel options such as hotels and airfare. Groupon also features various consumer products, including electronics and apparel, available through its platform. It allows customers to browse and purchase deals via websites, mobile applications, emails, and social media. Merchants benefit from customizable deal campaigns and payment processing solutions. Groupon generates its revenue primarily through commissions from transactions conducted on its platform, including sales made through digital coupons. Headquartered in Chicago, Illinois, Groupon has been active since 2008, evolving from its original name, ThePoint.com, Inc.

Cleversafe

Series C in 2010
Cleversafe, Inc. specializes in developing web-scale storage solutions tailored for the demands of hyperscale environments. Founded in 2004 and based in Chicago, Illinois, the company provides a range of services including enterprise storage, content repository, and Storage-as-a-Service. Cleversafe's technology addresses the rapid growth of unstructured data, which is increasing by 60-80 percent annually, by enabling businesses to store, manage, and access data at petabyte scale and beyond. The company's solutions are designed for various industries, including financial services, healthcare, media, oil and gas, and government, ensuring significant improvements in economic efficiency, security, and operational simplicity. As of November 2015, Cleversafe operates as a subsidiary of International Business Machines Corporation.

Groupon

Series C in 2010
Groupon operates online local commerce marketplaces that connect consumers with merchants by offering discounted goods and services in North America and internationally. The company provides a wide array of deals, including those related to events, health and wellness, food and drink, home and garden, automotive services, and travel options such as hotels and airfare. Groupon also features various consumer products, including electronics and apparel, available through its platform. It allows customers to browse and purchase deals via websites, mobile applications, emails, and social media. Merchants benefit from customizable deal campaigns and payment processing solutions. Groupon generates its revenue primarily through commissions from transactions conducted on its platform, including sales made through digital coupons. Headquartered in Chicago, Illinois, Groupon has been active since 2008, evolving from its original name, ThePoint.com, Inc.

Apnex Medical

Series B in 2009
Apnex Medical, Inc. manufactures and markets medical devices such as implants for the treatment of obstructive sleep apnea. Apnex Medical, Inc. was incorporated in 2006 and is based in Saint Paul, Minnesota.

Groupon

Series B in 2009
Groupon operates online local commerce marketplaces that connect consumers with merchants by offering discounted goods and services in North America and internationally. The company provides a wide array of deals, including those related to events, health and wellness, food and drink, home and garden, automotive services, and travel options such as hotels and airfare. Groupon also features various consumer products, including electronics and apparel, available through its platform. It allows customers to browse and purchase deals via websites, mobile applications, emails, and social media. Merchants benefit from customizable deal campaigns and payment processing solutions. Groupon generates its revenue primarily through commissions from transactions conducted on its platform, including sales made through digital coupons. Headquartered in Chicago, Illinois, Groupon has been active since 2008, evolving from its original name, ThePoint.com, Inc.

BridgePoint Medical

Venture Round in 2009
BridgePoint Medical, a private company with headquarters in Minneapolis, Minnesota, is focused on developing innovative and proprietary technology in the field of interventional cardiology for access to and treatment of chronic total occlusions.

CVRx

Series E in 2008
CVRx is a medical device company that develops implantable technology for the treatment of high blood pressure. Its products include Rheos implantable pulse generator that provides control and delivery of the activation energy; and Rheos carotid sinus leads, which conducts activation energy from the Rheos implantable pulse generator to the left and right carotid arteries. The company also offers a Rheos programmer system that communicates with the Rheos pulse generator. CVRx was founded in 2001 and is based in Minneapolis, Minnesota.

Cleversafe

Series C in 2007
Cleversafe, Inc. specializes in developing web-scale storage solutions tailored for the demands of hyperscale environments. Founded in 2004 and based in Chicago, Illinois, the company provides a range of services including enterprise storage, content repository, and Storage-as-a-Service. Cleversafe's technology addresses the rapid growth of unstructured data, which is increasing by 60-80 percent annually, by enabling businesses to store, manage, and access data at petabyte scale and beyond. The company's solutions are designed for various industries, including financial services, healthcare, media, oil and gas, and government, ensuring significant improvements in economic efficiency, security, and operational simplicity. As of November 2015, Cleversafe operates as a subsidiary of International Business Machines Corporation.

Jentro Technologies

Series A in 2007
Jentro Technologies GmbH provides mobility solutions to mobile operators, device manufacturers, retailers, and consumer brands internationally. It offers Mobility Solutions Platform, which includes global maps from NAVTEQ, a GIS platform, a GPS connectivity, a content proxy, an advertising proxy, billing interfaces, user management APIs, automated installations procedures, and mobile device client applications. The company also provides Navigation Suite, which includes turn-by-turn navigation maps, integrated traffic, and integrated multi-channel local search applications; Community, a friends finder and picture sharing product; Travel for weather and flight information; and Emergency Services for emergency call and roadside assistance. In addition, it offers a range of value-added services, including support services, billing management, marketing assistance, sales training support, and business model planning. The company has strategic partnerships with PTV, Sirf, and Navteq. Jentro Technologies GmbH was founded in 2003 and is based in Munich, Germany with additional offices in Chicago and Paris.

CVRx

Series D in 2007
CVRx is a medical device company that develops implantable technology for the treatment of high blood pressure. Its products include Rheos implantable pulse generator that provides control and delivery of the activation energy; and Rheos carotid sinus leads, which conducts activation energy from the Rheos implantable pulse generator to the left and right carotid arteries. The company also offers a Rheos programmer system that communicates with the Rheos pulse generator. CVRx was founded in 2001 and is based in Minneapolis, Minnesota.

BridgePoint Medical

Series B in 2007
BridgePoint Medical, a private company with headquarters in Minneapolis, Minnesota, is focused on developing innovative and proprietary technology in the field of interventional cardiology for access to and treatment of chronic total occlusions.

Cleversafe

Series B in 2007
Cleversafe, Inc. specializes in developing web-scale storage solutions tailored for the demands of hyperscale environments. Founded in 2004 and based in Chicago, Illinois, the company provides a range of services including enterprise storage, content repository, and Storage-as-a-Service. Cleversafe's technology addresses the rapid growth of unstructured data, which is increasing by 60-80 percent annually, by enabling businesses to store, manage, and access data at petabyte scale and beyond. The company's solutions are designed for various industries, including financial services, healthcare, media, oil and gas, and government, ensuring significant improvements in economic efficiency, security, and operational simplicity. As of November 2015, Cleversafe operates as a subsidiary of International Business Machines Corporation.

U4EA Wireless

Series C in 2006
U4EA Wireless, provides WiFi mobility solutions and networking protocol software for the wired and wireless communications market. It offers GateD, a routing and switching software; and wireless controller switching software, for WPA. The company also provides professional services, such as porting, integration, testing, feature acceleration, and product consultation. NextHop offers its products and services to mobile enterprise and carrier equipment manufacturers. It has locations in Ann Arbor, Michigan; and Bangalore, India. The company was founded in 2000 and is headquartered in Mountain View, California. The company also has sales offices in Acton, Massachusetts; Beijing, China; Oxford, the United Kingdom; and Taipei, Taiwan.

BridgePoint Medical

Series A in 2006
BridgePoint Medical, a private company with headquarters in Minneapolis, Minnesota, is focused on developing innovative and proprietary technology in the field of interventional cardiology for access to and treatment of chronic total occlusions.

Inteliquent

Series C in 2006
Inteliquent is a prominent interconnection provider specializing in voice communications for service providers and enterprises. The company offers two primary service areas: Communications-Platform-as-a-Service (CPaaS), which provides API-based voice calling and phone number services, and Infrastructure-as-a-Service (IaaS) products tailored for telecommunications companies, including off-net call termination. Inteliquent operates a fully redundant, geo-diverse, carrier-grade tier 1 network that connects directly to all major telecom carriers, reaching 94 percent of the U.S. population. The platform processes over 300 billion minutes of voice calls annually and has registered more than 100 million active phone numbers for its clients. Founded in 2003 by Ron Gavillet in Chicago, Illinois, Inteliquent continues to deliver a wide range of voice services, including local transit, long-distance, and toll-free options, utilizing an all-IP network.

Scalix

Series B in 2006
Scalix is a provider of email, group calendaring, and messaging solutions specifically designed for the Linux platform. The company offers a robust and scalable messaging system that integrates seamlessly with existing messaging clients and infrastructure. Scalix's solutions include ActiveSync, which allows for server-side synchronization with Microsoft Exchange, and the Univention Edition that facilitates the deployment and management of Linux-based server and client solutions for businesses and public organizations. Founded by a team with extensive experience in the messaging sector, Scalix leverages a proven technology foundation from HP OpenMail. The privately held company is headquartered in San Mateo, California, and has additional offices in New York, Chicago, the United Kingdom, and Germany.

U4EA Wireless

Series B in 2005
U4EA Wireless, provides WiFi mobility solutions and networking protocol software for the wired and wireless communications market. It offers GateD, a routing and switching software; and wireless controller switching software, for WPA. The company also provides professional services, such as porting, integration, testing, feature acceleration, and product consultation. NextHop offers its products and services to mobile enterprise and carrier equipment manufacturers. It has locations in Ann Arbor, Michigan; and Bangalore, India. The company was founded in 2000 and is headquartered in Mountain View, California. The company also has sales offices in Acton, Massachusetts; Beijing, China; Oxford, the United Kingdom; and Taipei, Taiwan.

Prospex Medical

Seed Round in 2005
Prospex Medical was a medical device incubator based in Stillwater, Minnesota, focused on innovating and developing novel medical technologies. The firm specialized in both regulated and quasi-consumer medical products, engaging in market identification, clinical and technical research, and collaboration with physicians. Through its comprehensive approach, Prospex Medical generated intellectual property and established proof of concept for its projects. The incubator successfully created and spun out two companies, BridgePoint Medical and Apnex Medical, contributing to advancements in the healthcare sector. Although currently dormant, Prospex Medical played a significant role in fostering innovation within the medical device industry.

Informance International

Series B in 2005
Informance International, Inc. specializes in providing enterprise manufacturing intelligence solutions for manufacturers both in the United States and globally. The company offers a range of products designed to enhance operational efficiency, including the Enterprise Solution, which serves as a strategic decision support system for supply chain and manufacturing executives to identify and act on opportunities within their plant networks. Additionally, the Discrete Manufacturing Module assists plant staff in improving discrete manufacturing processes, while the Process Manufacturing Module focuses on continuous manufacturing operations. Informance also provides the Enterprise Synchronizer, a web services-based platform that facilitates integration across various systems and applications. Founded in 1995 and headquartered in Northbrook, Illinois, Informance International, Inc. operates as a subsidiary of Solarsoft Business Systems Limited since 2010.

Innerworkings

Venture Round in 2005
InnerWorkings, Inc. is a prominent provider of global print management and promotional solutions for corporate clients across various industries. The company specializes in marketing supply-chain services, offering a range of products including advertising materials, branded merchandise, product packaging, and retail displays. With its proprietary technology and extensive supplier network, InnerWorkings efficiently procures, manages, and delivers printed materials as part of an outsourced enterprise solution. The company generates most of its revenue from its North America segment and operates in three geographical areas: North America, EMEA, and LATAM. Additionally, InnerWorkings runs an online business printing platform called Inkchaser.com and utilizes a software platform named VALO, which assists customers in sourcing, producing, monitoring, and analyzing their marketing plans. Headquartered in Chicago, Illinois, InnerWorkings maintains 35 offices across North America, South America, and Europe.

MusicNow

Venture Round in 2003
MusicNow is an online digital music collection that allows users to browse and download tracks on a subscription-based service. It was launched by Chris Gladwin in 1999 and is based in Chicago, Illinois. MusicNow was bought by AOL in November, 2005 and repackaged as the AOLMusicNow product.

Scalix

Series A in 2003
Scalix is a provider of email, group calendaring, and messaging solutions specifically designed for the Linux platform. The company offers a robust and scalable messaging system that integrates seamlessly with existing messaging clients and infrastructure. Scalix's solutions include ActiveSync, which allows for server-side synchronization with Microsoft Exchange, and the Univention Edition that facilitates the deployment and management of Linux-based server and client solutions for businesses and public organizations. Founded by a team with extensive experience in the messaging sector, Scalix leverages a proven technology foundation from HP OpenMail. The privately held company is headquartered in San Mateo, California, and has additional offices in New York, Chicago, the United Kingdom, and Germany.

MusicNow

Series C in 2002
MusicNow is an online digital music collection that allows users to browse and download tracks on a subscription-based service. It was launched by Chris Gladwin in 1999 and is based in Chicago, Illinois. MusicNow was bought by AOL in November, 2005 and repackaged as the AOLMusicNow product.

MusicNow

Series B in 2000
MusicNow is an online digital music collection that allows users to browse and download tracks on a subscription-based service. It was launched by Chris Gladwin in 1999 and is based in Chicago, Illinois. MusicNow was bought by AOL in November, 2005 and repackaged as the AOLMusicNow product.

MusicNow

Series A in 1999
MusicNow is an online digital music collection that allows users to browse and download tracks on a subscription-based service. It was launched by Chris Gladwin in 1999 and is based in Chicago, Illinois. MusicNow was bought by AOL in November, 2005 and repackaged as the AOLMusicNow product.

ppoNEXT

Venture Round in 1999
PPONEXT is a PPO services company that provides healthcare management and network services. PPONEXT offers access to a network of medical care providers, hospitals, and ancillary facilities to group health, workers' compensation, and other insurance payers in the Midwest, Texas, California, Florida, New Jersey, and Pennsylvania.

Broadwing Communication

Venture Round in 1998
Broadwing Communications provides telecommunication services to enterprises, carriers, and government entities. Broadwing Communications was founded in 1962 as Tower Communications Systems, Inc, originally a microwave communication provider. That company became IXC Communications in 1994. When Cincinnati Bell acquired IXC Communications in 1999, the merged company was renamed Broadwing. Broadwing Corporation operates two divisions that serve different segments of the telecommunications industry. The communications division, managed by the Broadwing Communications, LLC subsidiary, is a provider of data, internet, voice, and broadband transport services to carrier and enterprise customers delivered over a nationwide network connecting 137 cities. The communications equipment division, operating under Corvis Equipment Corporation, designs, manufactures, and sells high performance all-optical and electrical/optical communications systems. In response to the severe downturn in the telecommunications industry, the company shifted its focus to become primarily a provider of communications services, which comprises about 99 percent of its revenue. In 2003, Cincinnati Bell reclaimed its former name, selling its competitive carrier operations—Broadwing—to equipment manufacturer Corvis. In 2004, Corvis acquired Focal Communications, folded Focal into Broadwing Communications’ operations, and used that opportunity to change the name of Broadwing Communications’ parent company from Corvis Corporation to Broadwing Corporation. On October 16, 2006, Broadwing Corporation announced an agreement to be acquired by Level 3 Communications, and the deal to close in the first quarter of 2007.
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