New Enterprise Associates, the biggest venture investor in Groupon (GRPN) Inc., is seeking to raise $2.3 billion for its next fund.
The fund, New Enterprise Associates 14 LP, disclosed the offering in a filing today with the U.S. Securities and Exchange Commission. The firm, with offices in Menlo Park, California, and Chevy Chase, Maryland, raised its last fund in early 2010, when it brought in about $2.5 billion.
Venture-capital firms, including Accel Partners, Sequoia Capital and Andreessen Horowitz, have raised fresh capital following the best year for Internet initial public offerings in more than a decade. NEA was the top winner among U.S. venture firms in last year’s IPO market, thanks to a 14 percent stake in daily-deal site Groupon and 15 percent ownership of flash-memory technology provider Fusion-io Inc. (FIO) The company’s total ownership in those companies is worth about $1.9 billion.
Bloomberg LP, the parent of Bloomberg News, is an investor in Andreessen Horowitz.
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