Asset Manager

Updated:

Neoteny

Neoteny is an early stage investment firm founded by Joi Ito. It began in Tokyo in 1999 as an investor structured as a full-service incubator.

Neoteny

Neoteny is an early stage investment firm founded by Joi Ito. It began in Tokyo in 1999 as an investor structured as a full-service incubator. In 2018, Joi and Adam Mullinax raised Neoteny 4, which is based in Boston but invests worldwide.

General information

Firm type

Asset Manager

Year founded

1999

Location

Region

North America

Country

United States

City

Wellesley

Corporate office

15 Walnut Street, Suite 150, Wellesley, MA, United States

Principals

Joichi "Joi" Ito

Founder & Managing Partner

Adam Mullinax

Partner

Sector focus

Digital HealthEnterprise SoftwareClimateTechMedia & EntertainmentReal Estate

Frequently asked questions

Who runs investment decisions at Neoteny?

Joi Ito, as Founder and Managing Partner, leads investment decisions. He is supported by Partner Adam Mullinax, who joined in 2018 with Neoteny 4 (per the firm's website).

How does Neoteny source proprietary deal flow?

Neoteny sources deal flow through Ito's extensive network from his roles at MIT Media Lab, Creative Commons, and as an early investor in companies like Twitter and Kickstarter. The firm also leverages Mullinax's experience in private equity and venture capital (per the firm's team page).

What investment stages does Neoteny typically target?

Neoteny targets seed and Series A investments globally, focusing on technology and science companies (per the firm's website).

Which sectors does Neoteny invest in?

Neoteny invests across sectors including digital health, enterprise software, climate tech, media, and real estate. Known portfolio companies include Flickr, Formlabs, and Kickstarter (per the firm's team page).

What is the relationship between Neoteny and Ambrosia Investments?

Adam Mullinax serves as both a Partner at Neoteny and a Vice President at Ambrosia Investments, an investment firm focused on food and agriculture. This is a separate role and not a formal affiliation between the firms (per the firm's team page).

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