Groupon Investor NEA Seeks to Raise $2.3 Billion Venture Fund

New Enterprise Associates, the biggest venture investor in Groupon 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 (GRPN) and 15 percent ownership of flash-memory technology provider Fusion-io Inc. 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.

To contact the reporter on this story: Ari Levy in San Francisco at alevy5@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net

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