NEA Promotes Jon Sakoda To General Partner

MENLO PARK, Calif., Oct. 22, 2014 /PRNewswire/ -- New Enterprise Associates, Inc. (NEA), a global venture capital firm, today announced that Jon Sakoda has been promoted to General Partner. Sakoda, who joined the firm in 2006, focuses on software-as-a-service (SaaS), infrastructure software, and big data applications and is based in NEA's Menlo Park office.

"Jon is a dynamic investor whose passion for our business is matched by an unwavering commitment to championing entrepreneurs," said Peter J. Barris, Managing General Partner of NEA. "He embodies the culture that's at the heart of NEA, and this promotion recognizes Jon's contributions as an investor, his depth of operational and company-building expertise, and the increasingly integral role he plays in our firm's strategy."

Sakoda is a Director of Blue Jeans Network, DataVisor, Desire2Learn, Hearsay Social, Opower (NYSE: OPWR), ScienceLogic, Suniva, Swiftype and WibiData. He also serves as co-manager of NEA's seed investment program.

Prior to joining NEA, Sakoda was an entrepreneur and co-founder of IMlogic, Inc. (acquired by Symantec Corporation) and served as its Chief Technology Officer and Vice President of Products. Prior to founding IMlogic, He worked at Goldman, Sachs & Co. where he focused on venture capital investments for their Private Equity Group. His perspectives on VC and entrepreneurship can be found at www.jonsakoda.com or on Twitter @jonsakoda.

About NEA

NEA is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With more than $13 billion in committed capital, the firm invests in information technology and healthcare companies at all stages in a company's lifecycle, from seed stage through IPO. NEA's long track record of successful investing includes more than 195 portfolio company IPOs and more than 320 acquisitions. For additional information, visit www.nea.com.

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SOURCE New Enterprise Associates, Inc.

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