Goldman-Led Group Backs Databricks, Plaid Through NEA Vehicle

Goldman Sachs Group Inc.’s alternatives unit is leading a consortium investing in a $540 million continuation vehicle created by venture capital firm NEA, according to people familiar with the matter.

The VC firm contributed stakes in 11 of its companies — including startups Databricks, Plaid and Tempus AI Inc. — to the vehicle.

The transaction, which enables NEA to give its limited partners some liquidity, also features investors including Industry Ventures, Pathway Capital Management and Goanna Capital, the people said. Jefferies Financial Group Inc.’s private capital group advised on the transaction, they said.

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