The NEVCA represents the interests of venture capital investors by promoting entrepreneurship.

As of 2014, the association represented members from over 90 firms and had an annual budget of $1 million.

At that time, the organization had no full-time staff and served primarily as a communications channel between investors.

Since its foundation, NEVCA has grown into a much larger regional body that represents hundreds of partner firms who manage thousands of companies, with tens of billions of dollars in capital.

[citation needed] In 2018 NEVCA advocated for non-compete reform in a Massachusetts Economic Development bill, specifically to reduce non-compete maximum duration to 6 months and to require 100% garden leave for employers.