Uber backers NEA, Menlo Ventures raise large venture funds

April 15, 2015 11:30 AM

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SAN FRANCISCO, April 15 (Reuters) - New Enterprise Associates has raised $2.8 billion for its 15th fund while Menlo Ventures has raised $400 million for its 12th, the venture-capital firms announced Wednesday.

In addition, NEA raised another $350 million for later-stage investments.

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