NEA Announces Key Promotions In Healthcare Division

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New Enterprise Associates (NEA) announced it promoted two of its staff to general partner positions in the company.

Ed Mathers, a healthcare investor focused on biotech and specialty pharmaceuticals, was promoted to General Parter. Mathers, who joined NEA in 2008, was responsible for several successful startups including Lumena (bought by Shire), Ziarco (bought by Novartis), and Motus Therapeutics (bought by Allergan). He serves on the boards of various public and private medical focused companies.

“Ed has been an integral part of NEA’s biopharma investing practice for more than a decade,” said General Partner and head of healthcare investments at NEA, in a statement. “Ed’s extensive experience in the biopharma industry—both as an operator and investor, spanning small to large companies—has been an invaluable asset for building companies and raising the bar on investments. We are delighted to recognize Ed’s talent, dedication, and contributions with this promotion to General Partner.”

Prior to joining NEA, Mathers served as EVP, Corporate Development and Venture, at MedImmune. Prior to that, he was VP, Marketing and Corporate Licensing and Acquisitions at Inhale Therapeutic Systems and spent 15 years in marketing and sales roles at Glaxo Wellcome. now GlaxoSmithKline. Mathers earned his bachelor’s degree in chemistry from North Carolina State University.

Also getting promoted at NEA is Blake Wu, to Partner in the healthcare division. He joined the company in 2014, and currently invests in healthcare services, healthcare IT and biopharma sectors. Wu also works closely with NEA’s healthcare growth and public investing practices.

Wu works closely with many NEA portfolio companies including American Pathology Partners, Bright Health, Radiology Partners, and XOC Pharmaceuticals. Before joining NEA, he was a member of the private equity group at Ares Management. His earlier work experience includes investment banking at Moelis & Company, focusing on transactions in healthcare, as well as equity research at Barclays Capital.

Wu graduated from The Wharton School at the University of Pennsylvania with a B.S in economics with concentrations in finance, real estate and management.

“We are extremely proud of our ability to mentor and train talented individuals from within our partnership,” said Mohamad Makhzoumi, General Partner and head of healthcare services and healthcare IT investing at the firm. “Blake is a prime example of someone who joined NEA as an Associate and over the past six years has proven himself to be a skilled investor, a loyal teammate, and a wonderful resource for our portfolio companies. We are thrilled to promote Blake to Partner on NEA’s healthcare team.”

NEA is based in Menlo Park, California.

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