NE

New Enterprise Associates

Investment Focus 2026

Broad platform investing across technology and healthcare

January 25, 20264 themesView Original

Summary

NEA's 2026 signal remains broad but consistent: large opportunities at the intersection of enterprise software, healthcare innovation, and AI-enabled infrastructure. The firm's latest fund scale reinforces a multi-stage approach across company lifecycles.

Healthcare and Biotech Platforms

NEA continues to prioritize healthcare delivery modernization and biotech innovation with strong technical differentiation.

  • Healthcare operations and workflow tooling
  • Biotech platforms with data and experimentation advantages
  • Clinical and operational infrastructure modernization

Enterprise and B2B Software

Durable enterprise software with clear buyer ROI remains central to the strategy.

  • Mission-critical enterprise workflows
  • B2B systems with measurable productivity gains
  • Scalable GTM with strong customer retention

AI and Infrastructure

AI infrastructure and application layers are investable where deployment quality and reliability are defensible.

  • Data and model infrastructure for production use
  • Applied AI in regulated environments
  • Security and governance for AI deployments

What Changed in 2026

Capital scale and market conditions raised the bar on execution, capital efficiency, and repeatable adoption.

  • Stronger preference for execution-ready teams
  • More explicit ROI narratives in enterprise buying cycles
  • Deeper focus on defensibility in AI-heavy markets

Freshness & Evidence

As of February 14, 2026

How this VC engages founders

Use this entry point to review how NEA engages with early teams.

Contact NEA

Source: NEA

Last updated: January 25, 2026

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