CAA And VC Firm New Enterprise Associates Form Connect Ventures, Backing Spire Animation Studios
Dade Hayes Finance EditorCAA and venture firm New Enterprise Associates have formed Connect Ventures, a partnership whose first investment is going to Spire Animation Studios, a new outfit co-founded by Ratatouille producer Brad Lewis.Connect Ventures aims to combine CAA’s resources across entertainment and sports with NEA’s established technology practice. One of the world’s largest venture firms, NEA has funded companies like Snap and Uber, and its current $3.6 billion NEA 17 fund is backing emerging companies like Masterclass and Goop.