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NewBound Venture Capital is an early-stage investment firm founded in 2018 and headquartered in Minneapolis, Minnesota. The firm specializes in supporting companies within the consumer and technology sectors, leveraging the extensive experience of its team, which consists of seasoned investors and entrepreneurs. NewBound emphasizes partnership and transparency, aiming to build strong relationships with entrepreneurs based on integrity.
As of now, NewBound manages a portfolio that includes notable companies such as The 7 Virtues, Bird Buddy, and StellarAlgo. The firm has not disclosed specific metrics regarding its total assets under management (AUM) or fund sizes. However, it is known for its strategic guidance and mentorship, which are integral to its operational model. NewBound's commitment to fostering community-driven brands is a notable aspect of its investment philosophy.
NewBound Venture Capital invests primarily in early-stage companies that focus on consumer and technology innovations. The firm employs a thesis-driven approach, utilizing deep sector expertise and a global partner network to guide its investment decisions. Key focus areas include personal care, pet care, commerce enablement, and sports/apparel. NewBound targets brands that foster dedicated consumer communities, aligning with its investment thesis of supporting category-defining consumer brands.
The firm typically invests at the pre-seed, seed, and seed-plus stages, with check sizes varying based on the specific needs of the portfolio companies. NewBound seeks to partner with founders who demonstrate a strong vision and commitment to their brands, emphasizing integrity and transparency in all interactions. This approach allows NewBound to build lasting relationships that benefit both the firm and its portfolio companies.
NewBound Venture Capital's portfolio includes several notable companies that exemplify its focus on consumer and technology sectors:
These companies reflect NewBound's commitment to investing in brands that not only innovate but also create strong consumer communities.
Carlos Soto: Co-Founder of NewBound Venture Capital, Carlos brings extensive experience in early-stage investments and entrepreneurship.
Michael Arbanas: Co-Founder, Michael has a strong background in venture capital and has been instrumental in shaping NewBound's investment strategy.
Tara Desai: CEO & Founder of Iris&Romeo, Tara has a wealth of experience in consumer brands and innovation.
Michelle Gough Baril: CEO & Founder of Iris&Romeo, Michelle complements Tara's expertise with her background in brand development and marketing.
Joey Brander: A member of the founding team at TMRW Sports Group, Joey brings insights from the sports industry to NewBound's investment approach.
To pitch NewBound Venture Capital, founders should visit their website at newboundvc.com. The firm prefers pitches that include a clear articulation of the business model, market opportunity, and how the startup engages with its consumer community. Founders should be prepared for a thorough review process, and while specific response times are not disclosed, timely and transparent communication is encouraged.
In recent activity, NewBound Venture Capital led a $20 million strategic growth capital round for Greyson Clothiers, a premium performance apparel brand. This round was backed by celebrity investors including Justin Timberlake, Justin Thomas, and Larry Fitzgerald. Additionally, NewBound participated in an oversubscribed $8 million Series A round for Alice Mushrooms, a functional chocolate brand that incorporates adaptogenic mushrooms.
These investments highlight NewBound's active role in seed and Series A consumer brand investing, reinforcing its commitment to supporting innovative companies in the consumer sector.
What are NewBound Venture Capital's investment criteria?
NewBound focuses on early-stage companies in the consumer and technology sectors, particularly those that demonstrate potential for community engagement and innovation. The firm looks for brands that are category-defining and have a strong vision for growth.
How can I apply or pitch to NewBound Venture Capital?
Founders interested in pitching to NewBound can visit their website at newboundvc.com for more information on the application process. The firm encourages transparency and integrity in all communications.
What makes NewBound Venture Capital different from other firms?
NewBound emphasizes partnership and transparency, aiming to build strong relationships with entrepreneurs. The firm provides strategic guidance and mentorship, leveraging its global network to support portfolio companies effectively.
What is NewBound's geographic scope?
NewBound Venture Capital operates on a global scale, investing in early-stage companies regardless of their location, as long as they align with the firm's investment thesis.
What is the typical check size for investments?
While specific check sizes are not disclosed, NewBound typically invests at the pre-seed, seed, and seed-plus stages, tailoring its investment amounts to the needs of the portfolio companies.
What kind of post-investment involvement does NewBound have?
NewBound provides ongoing support to its portfolio companies through strategic guidance, mentorship, and access to its global network, helping entrepreneurs navigate their growth journeys.
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