# Neoteny

Neoteny is an Asset Manager based in Wellesley, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Wellesley, United States
- **Region:** North America
- **Address:** 15 Walnut Street, Suite 150, Wellesley, MA, United States
- **Founded:** 1999
- **Assets under management:** Undisclosed
- **Website:** neoteny.com
- **LinkedIn:** https://www.linkedin.com/company/neoteny-3

## About

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.

## Sectors

- Digital Health
- Enterprise Software
- ClimateTech
- Media & Entertainment
- Real Estate

## People

- Joichi "Joi" Ito — Founder & Managing Partner
- Adam Mullinax — Partner

## 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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Last updated: 2026-08-11T15:07:34.613Z

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