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Millennium New Horizons (MNH) is a venture capital firm founded in 2018, headquartered in New York, with an additional office in Silicon Valley. The firm is dedicated to backing entrepreneurs who are developing emerging technologies aimed at solving complex problems. Since its inception, MNH has invested in over two dozen companies, establishing a diverse portfolio that includes notable names such as CoreWeave, Mistral AI, Joby Aviation, and Ziva Dynamics.
As of now, MNH manages a portfolio of 24 companies and operates with a team of experienced professionals. The firm emphasizes a long-term investment horizon, typically exceeding seven years, which allows it to support startups through various stages of development, from ideation to commercialization. This approach has positioned MNH as a significant player in the venture capital landscape, particularly in the deep tech sector.
Millennium New Horizons specializes in deep tech investing and maintains a sector-agnostic approach, although it has a pronounced interest in artificial intelligence and machine learning (AI/ML), infrastructure, logistics, energy, and manufacturing. The firm actively seeks out innovative startups that are addressing complex challenges through technology. MNH's investment strategy encompasses a wide range of stages, including pre-seed, seed, seed+ (extension), Series A, Series B, and Series C.
The firm’s long-term investment horizon typically spans over seven years, allowing it to provide substantial support to entrepreneurs as they navigate the journey from ideation to commercialization. MNH looks for founders who demonstrate a strong vision and the capability to execute their ideas effectively. The firm is open to various deal structures and often engages in co-investment opportunities with other venture capital firms.
MNH's portfolio features a diverse array of companies that exemplify its focus on deep tech and innovation. Notable companies include:
These companies represent a fraction of MNH's 24-strong portfolio, showcasing its commitment to investing in transformative technologies across various sectors.
Ray Cheng: Managing Partner at MNH, Ray has extensive experience in venture capital and technology investments. He has previously worked at leading firms and has a strong track record of identifying and supporting successful startups.
Jay Chong: Managing Partner at MNH, Jay brings a wealth of knowledge in deep tech and operational strategy. His background includes significant roles in various tech companies, where he has led successful investment initiatives.
To pitch Millennium New Horizons, founders should send an email to hello@mnh.vc. A concise pitch deck is essential, including key information such as the business model, market analysis, and team background. MNH appreciates well-structured presentations that clearly outline the startup's vision and potential for growth.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are beneficial but not mandatory.
As of October 2023, Millennium New Horizons continues to expand its portfolio, actively seeking innovative startups in the deep tech space. Recent investments include notable companies such as CoreWeave and Mistral AI, reflecting the firm's commitment to supporting cutting-edge technologies. No recent blog activity has been detected, but the firm remains engaged in the venture capital community.
What are Millennium New Horizons' investment criteria?
MNH focuses on deep tech startups across various sectors, particularly in AI/ML, logistics, energy, and manufacturing. The firm invests at multiple stages, from pre-seed to Series C.
How can I apply or pitch to Millennium New Horizons?
Founders can reach out via email at hello@mnh.vc to initiate discussions. A well-prepared pitch deck outlining the business model, market opportunity, and team is recommended.
What makes Millennium New Horizons different from other VC firms?
MNH emphasizes a long-term investment horizon, typically exceeding seven years, which allows them to support startups through various stages of development comprehensively.
What is the geographic scope of Millennium New Horizons?
The firm invests globally, with a particular focus on North America, seeking innovative startups that address complex challenges.
What is the typical check size for investments?
While specific check sizes are not disclosed, MNH invests across a range of stages, indicating flexibility in funding amounts based on the startup's needs and growth potential.
What kind of post-investment involvement does Millennium New Horizons have?
MNH actively supports its portfolio companies through mentorship, operational guidance, and strategic advice, ensuring they have the resources needed to succeed.
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