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Millennium New Horizons (MNH) is a venture capital firm founded in 2018 and headquartered in New York, with an additional office in Silicon Valley. The firm focuses on backing entrepreneurs who are developing emerging technologies aimed at solving complex problems. Since its inception, MNH has invested in over two dozen companies, including notable names such as CoreWeave, Mistral AI, Joby Aviation, and Ziva Dynamics.
As of now, MNH manages a diverse portfolio of 24 companies, showcasing its commitment to supporting innovative startups. The firm operates with a long-term investment horizon, typically exceeding seven years, which allows it to provide sustained support to its portfolio companies. Millennium New Horizons is well-positioned to capitalize on the growing demand for deep tech solutions across various industries.
Millennium New Horizons specializes in deep tech investing and is sector agnostic, although it has a particular interest in areas such as artificial intelligence and machine learning (AI/ML), infrastructure, logistics, energy, and manufacturing. The firm approaches investments with a long-term horizon, typically over seven years, and supports companies through various stages of development, from ideation to commercialization.
Investment stages range from pre-seed to Series C, allowing MNH to engage with startups at different points in their growth journey. The firm actively seeks out innovative companies that are addressing complex challenges through technology. MNH's investment strategy emphasizes a collaborative approach, working closely with founders to help them navigate the challenges of scaling their businesses.
MNH's portfolio includes several notable companies that exemplify its focus on deep tech and innovation:
These companies reflect MNH's commitment to investing in transformative technologies across various sectors, including AI, logistics, and energy.
Ray Cheng: Managing Partner. Ray has extensive experience in venture capital and has led investments in several successful startups. He has a background in technology and finance, which informs his investment decisions.
Jay Chong: Managing Partner. Jay brings a wealth of knowledge in deep tech and has been instrumental in building MNH's portfolio. His expertise includes AI and machine learning, making him a valuable resource for portfolio companies.
To pitch Millennium New Horizons, founders should reach out via email at hello@mnh.vc. It is important to include a comprehensive pitch deck that outlines the business model, market opportunity, and technology. MNH appreciates clarity and detail in presentations.
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 has been actively investing in a diverse range of companies, continuing to expand its portfolio. Notable investments include CoreWeave and Mistral AI, both of which are recognized leaders in their respective fields. The firm remains focused on identifying innovative startups in the deep tech space.
While no recent blog activity has been detected, MNH's commitment to supporting its portfolio companies through various stages of development remains strong. The firm continues to seek out opportunities that align with its investment thesis.
What are Millennium New Horizons' investment criteria?
MNH focuses on deep tech investments across various sectors, particularly in AI/ML, infrastructure, logistics, energy, and manufacturing. The firm is sector agnostic but seeks innovative startups that address complex challenges.
How can I pitch to Millennium New Horizons?
Founders can reach out via email at hello@mnh.vc. It is advisable to include a clear overview of the business model, market opportunity, and technology in the pitch deck.
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 companies through various stages of development, from ideation to commercialization.
What is the geographic focus of Millennium New Horizons?
The firm invests globally, with a particular emphasis on North America, allowing it to tap into a diverse range of innovative startups.
What is the typical check size for investments?
While specific check sizes are not disclosed, MNH invests across multiple stages, from pre-seed to Series C, indicating a flexible approach to funding.
What kind of post-investment support does Millennium New Horizons provide?
MNH actively engages with portfolio companies, offering mentorship and resources to help them scale effectively. The firm’s long-term approach fosters strong relationships with founders.
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