Kate Clark / TechCrunch:

NEA announces a $1.35B spinout fund called NewView Capital, sells 31 of its portfolio companies including 23andMe, Duolingo, Forter, and GumGum to the new fund  —  Companies are staying private longer and longer, and New Enterprise Associates (NEA) has a new plan to combat the negative implications of the trend.

NEA announces a .35B spinout fund called NewView Capital, sells 31 of its portfolio companies including 23andMe, Duolingo, Forter, and GumGum to the new fund (Kate Clark/TechCrunch)
Source: Tech Meme