The firm has raised $30m for its inaugural fund, which will make seed investments in healthcare data and AI start-ups that enhance cancer care and research.
A survey conducted by Barnes & Thornburg found that 96% of LPs say it is important for a GP they invest in to have a succession plan.
New Enterprise Associates is expanding beyond direct investing into secondaries, recently raising $468.2 million for NEA Secondary Opportunity Fund.
The $50m SparkLabs AIM AI Fund will invest in AIM-X accelerator participants along with AI start-ups across the globe.