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New Age Capital is a thesis-driven seed-stage venture capital firm founded in 2016 in Brooklyn, NY. The firm focuses on supporting innovative companies, particularly those founded and led by Black and Latino entrepreneurs. By investing in communities they know best, New Age Capital positions itself as an authentic voice in venture capital, aiming to help build scalable, world-class companies.
As of August 2024, New Age Capital manages a portfolio of 21 companies, emphasizing its commitment to inclusive and sustainable solutions. The firm operates exclusively in the United States, targeting tech and tech-enabled startups. New Age Capital's investment strategy is characterized by a focus on early-stage companies with products in the market and early traction, ensuring that they align with the firm’s mission of fostering positive change.
New Age Capital invests in companies developing technologies and services aimed at improving various sectors, including government procurement, consumer products, healthcare, and artificial intelligence. The firm specifically targets startups that prioritize inclusivity and sustainability, seeking to empower underrepresented founders. New Age Capital typically leads seed rounds with check sizes up to $3 million, aiming for ownership stakes of 10-15%.
The firm’s investment thesis emphasizes a strong relationship with founders, often taking 3 to 6 months to build rapport before making an investment. New Age Capital prefers to invest in companies with a total addressable market exceeding $1 billion and revenue potential between $50 million and $100 million. The firm utilizes post-money SAFEs with side letters, does not take board seats, and maintains engagement through monthly portfolio calls.
New Age Capital's portfolio includes a diverse range of companies that exemplify its commitment to inclusivity and sustainability. Notable investments include:
These companies reflect New Age Capital's focus on tech-enabled solutions that address significant societal challenges while promoting diversity and inclusion.
Ivan Alo — Co-Founder / Managing Partner. Ivan has a background in venture capital and entrepreneurship, with a focus on supporting underrepresented founders. He has led several notable investments in the tech sector.
LaDante McMillon — Co-Founder / Managing Partner. LaDante brings extensive experience in venture capital and a commitment to fostering diversity in the startup ecosystem. He has been instrumental in shaping New Age Capital's investment strategy.
To pitch New Age Capital, founders should visit their website at newage.vc. The firm prefers detailed pitch decks that clearly outline the business model, market opportunity, and alignment with their investment thesis. While specific application forms are not mentioned, a well-structured presentation is essential.
Response times may vary, but founders can expect engagement during the initial review process. Warm introductions are encouraged, as they can facilitate a more favorable reception of the pitch.
As of August 2024, New Age Capital has made significant strides in expanding its portfolio, now comprising 21 companies. The firm continues to focus on investing in tech startups led by Black and Latino entrepreneurs, reinforcing its commitment to inclusivity and sustainability.
Recent notable investments include GLASS, PREDICTION STRIKE, and MYAVANA, which exemplify the firm's focus on innovative solutions across various sectors.
What are New Age Capital's investment criteria?
New Age Capital invests in seed-stage tech and tech-enabled startups founded and led by Black and Latino entrepreneurs. The firm looks for companies with products in the market, early traction, and a focus on inclusive and sustainable solutions.
How can I apply or pitch to New Age Capital?
Founders can pitch New Age Capital through their website at newage.vc. The firm encourages detailed presentations that align with their investment thesis.
What makes New Age Capital different from other VC firms?
New Age Capital emphasizes authenticity, empathy, and transparency in its investment approach. The firm builds multi-month relationships with founders to help them reach breakeven or profitability before raising growth capital.
What is the geographic scope of New Age Capital's investments?
The firm invests exclusively in the United States, focusing on C-Corp entities.
What is the typical check size for investments?
New Age Capital typically leads seed rounds with check sizes up to $3 million, targeting ownership stakes of 10-15% in the companies they invest in.
What kind of post-investment support does New Age Capital provide?
New Age Capital conducts monthly portfolio calls to maintain engagement and support for its portfolio companies, helping them navigate challenges and opportunities.
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