NEW YORK: Global venture capital firm New Enterprise Associates, Inc. (NEA) today announced the promotions of Mustafa Neemuchwala and Hunter Worland to Principal. Neemuchwala and Worland, both based in NEA’s New York office, joined the technology investment team in 2021. Neemuchwala invests in enterprise technology from seed to late-stage growth, with a focus on AI, cybersecurity, infrastructure and frontier tech. Worland invests in fintech, commerce and consumer technology.

“We are thrilled to recognize the contributions Mustafa and Hunter have made to our technology investing practice with these promotions to Principal, continuing NEA’s longstanding focus on mentorship and promoting from within our organization,” said Rick Yang, Partner, Head of Technology, NEA. “Both have played important roles in advancing our core investment theses, identifying special companies and founders, supporting our portfolio companies at every stage of company building and developing deep relationships across the entire venture ecosystem.”

Mustafa Neemuchwala works closely with technology companies across NEA's portfolio including Antimatter, Branch, Crowdbotics, Firestorm Labs, Flox, Granica, Martian, Mashgin, Pulumi, SafeBase, Second Front, Sentry, Singularity, Together AI, Union AI, Uniphore among others. His investment focus across stages includes AI, cybersecurity, infrastructure, defense, and frontier technologies across hardware and software. Before joining NEA, Neemuchwala advised on $58B of transformative tech M&A deals at Qatalyst Partners across frontier tech, infrastructure & application software, cybersecurity, fintech, and consumer internet. Neemuchwala graduated from the University of Texas at Austin, studying fundamental and quantitative finance, liberal arts, computer science, and mathematics.

Hunter Worland works with companies across the firm’s consumer and enterprise practices including Fabric8Labs, Juvo, Kindred, LXA, Rocket.chat, Slash and others. Worland’s investment focus is on applications and infrastructure for the digital economy, particularly in fintech, commerce, and consumer. He is the author of The Current, NEA’s content series on the developments impacting consumer technology. Prior to joining NEA in 2021, Worland was an Associate Consultant at Bain & Company in New York, where he worked with media and financial services clients. Hunter graduated from Harvard University with a degree in history and government, as well as a certificate in Latin American studies and a Hoopes Prize.

About NEA

New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. Founded in 1977, NEA has more than $25 billion in assets under management as of June 30, 2024, and invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm's long track record of investing includes more than 280 portfolio company IPOs and more than 465 mergers and acquisitions. For more information, please visit www.nea.com.

Fonte: Business Wire