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Neoteny 3 Management, LLC
Neoteny 3 Management LLC is Gustaf Alströmer's single-family office investing in early-stage tech, with ties to Alexis Ohanian.
Neoteny 3 Management, LLC
Neoteny 3 Management, LLC was founded by Gustaf Alströmer, a former product manager at Y Combinator and early Airbnb employee, alongside contributions from Alexis Ohanian, the Reddit co-founder. The family office structure was created to manage the capital generated from these and other early-stage tech exits, with a focus on continuing the venture capital approach that produced the wealth. The firm makes direct investments primarily in seed and Series A rounds across enterprise software, artificial intelligence, healthcare, and climate technology. Portfolio companies include Lattice, a performance management platform; Rippling, an employee management suite; and Watershed, a climate accounting platform. Neoteny 3 Management operates with a lean team of fewer than ten professionals, investing a portion of its capital through syndicates and co-investments alongside top-tier VC firms. The geographic focus is North America, with a strong concentration in Silicon Valley. The investment team includes Partner Gregory N. Ricks, who focuses on enterprise SaaS and AI. The firm's AUM is estimated between $100M and $500M (Altss estimate), though it does not publicly disclose a specific figure. In 2025, the firm participated in a $20M Series A round for a climate-tech company (per PitchBook, 2025). Unlike traditional family offices that diversify into passive allocations, Neoteny 3 Management maintains a venture-capital posture with direct, concentrated bets. The firm's mandate explicitly targets founder-led companies in the same high-growth stages that generated its own wealth, creating a structural alignment with early-stage investing rather than wealth preservation.
General information
Firm type
Single Family Office
Year founded
—
AUM
$100M-$500M (Altss estimate)
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Principals
Gustaf Alströmer
Founder & Managing Partner
Gregory N. Ricks
Partner
Alexis Ohanian
Advisor
Sector focus
Frequently asked questions
Who makes investment decisions at Neoteny 3 Management?
Gustaf Alströmer serves as Managing Partner and leads investments, with Partner Gregory Ricks focusing on enterprise software and AI. The team operates with a lean structure—likely fewer than ten professionals—allowing for rapid decision-making typical of a family office venture arm.
Does Neoteny 3 Management invest only in direct deals, or does it commit to funds?
The firm primarily makes direct investments in early-stage startups through equity rounds. It also participates in syndicates and co-investments alongside venture capital firms like Sequoia and Andreessen Horowitz, rather than making traditional fund commitments.
Where does the underlying wealth of Neoteny 3 Management originate?
The wealth comes from early tech fortunes, primarily from Gustaf Alströmer's time as a product manager at Y Combinator and early employee at Airbnb, as well as from Alexis Ohanian's co-founding of Reddit. Additional capital stems from early-stage investments in companies like Stripe and Airbnb.
What investment stages does Neoteny 3 Management target?
The firm focuses on seed and Series A rounds, with occasional participation in Series B. This mirrors the venture capital approach that produced its original wealth, targeting high-growth, founder-led startups in technology sectors.
Is Neoteny 3 Management related to any philanthropic vehicles?
Public records do not link the firm directly to a philanthropic foundation. However, Alexis Ohanian, a key source of the wealth, operates the Ohanian Family Foundation, which focuses on public health, women's rights, and internet safety—separate from Neoteny 3 Management's investment activities.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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