NEA names Philip Chopin Managing Director, Head of Europe and promotes two investors. Menlo Park, CA - June 29, 2026 - Global venture capital firm New Enterprise Associates, Inc. (NEA) today announced several promotions across the firm's investment team, including the appointment of Philip Chopin as Managing Director, Head of Europe. The firm also promoted technology investors Ayush Goradia and James Kaplan to Principal. "Philip has played an instrumental role in establishing our London office and deepening the firm's presence in Europe," said Tony Florence, Co-CEO, NEA. "He has led several key investments over the last several years, including NEA's investment in Sana, one of Europe's largest AI exits to date. We are proud to recognize Philip's contributions with this promotion as our firm continues to expand our activities across the continent." Chopin joined NEA as a Managing Director in 2022, leading the opening of the firm's first office in Europe. He has led investments in Sana Labs (acquired by Workday), Synthesia, VAST Data, CuspAI, and others. Prior to NEA, Philip was a Partner at 83North, where he led and was involved in numerous investments including Paddle, Pelico, Exotec, Podimo, HungryPanda, and Wolt. Earlier in his career, he served as a Project Leader at BCG. Philip holds an MBA from Kellogg and an MSc from Grenoble Ecole de Management. "We're pleased to promote Ayush and James to Principal, recognizing the meaningful contributions each has made to our technology investing practice," said Rick Yang, Partner and Head of Technology, NEA. "Ayush has a distinctive ability to map a category from the top down and identify where the most compelling opportunities sit within it, and he prioritizes building the kind of genuine, lasting founder relationships that define NEA's approach to company-building. James brings a compelling combination of operational experience and investor instinct to his work - having founded a startup himself, he has deep empathy for founders and a sharp focus on AI-native applications across vertical software, gaming, and entertainment. We are thrilled to promote both of these talented investors and look forward to their continued growth at the firm." Ayush Goradia joined NEA's technology team in 2023 and is focused on AI infrastructure & applications, enterprise software, and defense technology investments. He is based in the firm's New York office and works with numerous portfolio companies including CHAOS Industries, Clio, Databricks, Horizon3.ai, Firestorm Labs, Kaizen, Wonder, Veza, and Second Front. Prior to joining NEA, he spent two years at Qatalyst Partners in San Francisco. Originally from Houston, Goradia graduated from the University of Texas at Austin. James Kaplan joined the firm in 2023 as a technology investor based in NEA's Menlo Park office. He focuses on early-stage investments and works closely with portfolio companies including Perplexity, ElevenLabs, Echodyne, August, Aurelian, Samaya, Fenris Creations, Ceramic, Genmo, and Kira. Prior to NEA, Kaplan founded a consumer mental health startup and held roles at GlossGenius, and Credit Suisse. Kaplan graduated from the University of Southern California. 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 $35 billion in assets under management as of December 31, 2025, 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 285 portfolio company public listings and more than 510 mergers and acquisitions. For more information, please visit www.nea.com.

Sana Labs, a Swedish AI startup, has raised $55 million in a Series C round led by NEA, with participation from Menlo Ventures and Emerson Collective, valuing the company at $500 million. The funding brings total capital raised to $137 million. The company develops AI-driven workplace training platforms that personalise learning experiences based on individual needs and learning styles. Recent innovations include custom AI agents for team workflows, enhanced enterprise search capabilities, and AI avatar creation features. Sana Labs recently acquired CTRL, an AI workflow automation startup, to strengthen its platform. Companies including Merck, Hinge Health and Electrolux are using its solutions, reporting significant productivity gains and efficiency improvements in legal processes, tech support and employee onboarding. The funding will support global expansion and further AI development.

Eniro accelerates its AI transformation with Sana. Eniro is intensifying its three-year AI initiative through a strategic partnership with Sana. This marks Eniro's largest investment in AI to date and is a central part of the company's transformation into an agentic, data-driven and scalable business focused on profitability and accelerating organic growth. Having stabilised its operations and strengthened profitability, Eniro is now entering its next phase. Over the past few years, the company has increased the share of recurring revenue within digital marketing, completed strategic acquisitions and strengthened its Nordic presence. By the end of 2025, recurring revenue amounted to SEK 537 million in ARR. Today, Eniro's platforms include more than three million listed companies and represent one of the largest collections of local business data in the Nordics. This forms the foundation for the next generation of services for small and medium-sized businesses in the Nordics, as well as for building a more AI-driven, data-driven and scalable platform. A central part of Eniro's go-to-market strategy is the platform Robin, which helps small and medium-sized businesses to strengthen their digital presence, attract customers and drive business through services including websites, advertising and digital visibility. The AI initiative is a central part of Eniro's transformation into an agentic company, where AI, data and automation drive more workflows automatically - both internally across the organisation and in Eniro's services for small and medium-sized businesses. "This is the single largest investment Eniro has made in product development. We are expanding our offering and making the organisation faster. For our customers, this means more and better services, and for us as a company, it is about increasing order value per customer and achieving double-digit organic growth. The first AI agents will be launched already in the second quarter of 2026," says Hosni Teque-Omeirat, president and CEO of Eniro. The partnership with Sana will initially focus on improving internal efficiency. With the help of AI, Eniro's knowledge, routines and processes will become more accessible in the daily work, reducing repetitive tasks and freeing up time for work that creates higher quality and greater customer value. "Eniro is an iconic company that is now stepping up. With Sana as a partner, the company is building an organisation where AI supports employees in their daily work. This is an important step in a journey that will be exciting to follow," says Joel Hellermark, CEO and founder of Sana. Sana is an AI lab reimagining how people learn and work. Its AI products are trusted by organizations including Ahlsell, Polestar, Merck, Voi, and Brex. In 2025, Sana was acquired by Workday in Europe's largest AI exit to date. About Eniro Eniro exists for companies that want to achieve success and growth in their market. Today, Eniro optimizes the opportunity for companies to create local presence, searchability and marketing digitally. This makes Eniro an important partner for small and medium-sized companies. The company's clear goal is to give SMEs the same conditions and resources that large companies have access to. Eniro offers a platform that optimizes local marketing through intelligence, automation and streamlining of communication. In the digital landscape, Eniro partners with the largest media groups in the world. The group also includes Dynava, which offers customer service and answering services for major companies in the Nordic region, as well as directory assistance services. Eniro Group AB (publ) is listed on Nasdaq Stockholm (ENRO) and operates in Sweden, Denmark, Finland and Norway. In 2025, the Eniro Group had sales of SEK 955 million and approximately 900 employees with headquarters in Stockholm.