New Age Capital

Investment decisions are made by the two co-founders and managing partners, Ivan Alo and LaDante McMillon. They launched the firm together in 2016 and remain the named operators driving deal sourcing, due diligence, and portfolio support. The firm's website lists no additional investment partners.

The firm uses a deliberate, long-cycle sourcing model. Founders submit through the website portal; New Age then asks interested companies for monthly progress updates and schedules check-ins every few months. The stated preference is to build a relationship for three months to two years before writing a check, which the firm argues sharpens its ability to assess execution quality and founder communication.

New Age invests exclusively at the seed stage, typically leading rounds up to $3 million. It requires that a company has a product in market with early customer traction and some revenue — idea-stage and beta-stage startups are considered too early. The firm structures its investments through post-money SAFEs with a side letter.

The firm is industry-agnostic within software and tech-enabled businesses, but it publicly excludes four categories: fashion and fashion tech, media, crypto/web3, and medical devices. This carve-out is stated directly on its website's investment criteria page.

No. New Age does not take formal board seats. Instead, it operates as a de facto board, convening monthly calls with founders after an investment until the company raises growth capital. The firm maintains this posture to stay close to operations without the governance formalities of a directors' seat.

The firm prefers to lead seed rounds and actively makes introductions to co-investors, positioning itself as the anchoring capital. Its website states that it looks to bring in other investors, consistent with a lead-check strategy rather than a passive co-investor model.

New Age is a racial-equity thesis fund that operates with institutional process. Both managing partners are Black former founders who transact exclusively in a demographic that remains severely under-allocated: Black and Latino seed-stage entrepreneurs. Its pre-investment diligence cycle spans months, not weeks, and its post-investment focus is on driving portfolio companies to breakeven or profitability before they seek growth capital — a discipline unusual among burn-rate-tolerant seed investors.