Foley Equipped
Insights

Foley Advises NEA as Lead Investor in Datafold’s $20M Series A Fundraising Round

Foley & Lardner LLP advised lead investor New Enterprise Associates, Inc. (NEA) in Datafold’s $20 million Series A fundraising round. NEA was joined by Amplify Partners as an additional investor in Datafold’s most successful fundraising round to date.

Datafold is a data reliability platform that helps data teams deliver reliable data products faster. It has a unique ability to identify, prioritize, and investigate data quality issues proactively before they affect production. Founded in 2020 by veteran data engineers Gleb Mezhanskiy and Alex Morozov, Datafold has raised $22 million from investors, including NEA, Amplify Partners, and YCombinator.

Datafold seeks to expand its proactive approach to data reliability to help companies unlock more growth using high-quality data. One of Datafold’s first plans with this new round of funding is to expand its team.

The Foley team was led by Partner Louis Lehot and Associate Saige Gallop, with support from Special Counsel Catherine Zhu.

About NEA

New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors, and geographies. With nearly $24 billion in cumulative committed capital since the firm’s founding in 1977, NEA 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 successful investing includes more than 230 portfolio company IPOs and more than 390 mergers and acquisitions.

Disclaimer

AUTHOR(S):
POSTED:
Subscribe to our newsletter
Subscribe

© 2025 Foley & Lardner LLP
Attorney Advertisement
Images of people may not be Foley personnel.

This blog is made available by Foley & Lardner LLP (“Foley” or “the Firm”) for informational purposes only. It is not meant to convey the Firm’s legal position on behalf of any client, nor is it intended to convey specific legal advice. Any opinions expressed in this article do not necessarily reflect the views of Foley & Lardner LLP, its partners, or its clients. Accordingly, do not act upon this information without seeking counsel from a licensed attorney. This blog is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Communicating with Foley through this website by email, blog post, or otherwise, does not create an attorney-client relationship for any legal matter. Therefore, any communication or material you transmit to Foley through this blog, whether by email, blog post or any other manner, will not be treated as confidential or proprietary. The information on this blog is published “AS IS” and is not guaranteed to be complete, accurate, and or up-to-date. Foley makes no representations or warranties of any kind, express or implied, as to the operation or content of the site. Foley expressly disclaims all other guarantees, warranties, conditions and representations of any kind, either express or implied, whether arising under any statute, law, commercial use or otherwise, including implied warranties of merchantability, fitness for a particular purpose, title and non-infringement. In no event shall Foley or any of its partners, officers, employees, agents or affiliates be liable, directly or indirectly, under any theory of law (contract, tort, negligence or otherwise), to you or anyone else, for any claims, losses or damages, direct, indirect special, incidental, punitive or consequential, resulting from or occasioned by the creation, use of or reliance on this site (including information and other content) or any third party websites or the information, resources or material accessed through any such websites. In some jurisdictions, the contents of this blog may be considered Attorney Advertising. If applicable, please note that prior results do not guarantee a similar outcome.