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New Enterprise Associates is raising its biggest fund yet. Here's how much it's going for.

Andy Medici
New Enterprise Associates is raising its biggest fund yet. Here's how much it's going for.

Chevy Chase venture capital juggernaut New Enterprise Associates Inc. is raising a new fund with a ceiling of $3.6 billion, according to a Securities and Exchange Commission filing made Friday. New Enterprise Associates 16, which the company raised in 2017, was $3.5 billion, according to PitchBook. NEA has increased its fund size each time since its first $16 million fund in 1978.