News and Analysis

NEA leads funding in start-up GRID

GRID in Iceland has raised $12 million in Series A funding led by New Enterprise Associates. Existing investors BlueYard Capital, Slack Fund, Acequia Capital and other strategic partners also participated.

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GRID, an Icelandic company focused on creating and sharing spreadsheets online, announced it has raised $12 million in Series A funding. New Enterprise Associates led the round, which included existing investors BlueYard Capital, Slack Fund, Acequia Capital and other strategic partners. As part of the funding, NEA general partner Forest Baskett has joined the board.

Source: Company announcement