# NEW Capital Fund

NEW Capital Fund is a Private Equity based in Little Chute, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Little Chute, United States
- **Region:** North America
- **Address:** Little Chute, WI, United States
- **Founded:** 2004
- **Assets under management:** Undisclosed
- **Website:** www.newcapitalfund.com

## Regulatory record

- **Reports private funds:** No

## About

NEW Capital Fund, LP is a private equity limited partnership based in Appleton, Wisconsin. The firm has nearly $10 million of committed capital and focuses on investing in Wisconsin-based early-stage companies. NEW Capital Fund has made 27 investments, including a 2020 investment in Spin Live and 4 portfolio exits, with the latest being Phoenix in 2021.

## Sectors

- Enterprise Software
- Industrial Tech
- FinTech

## Questions

### What investment stages does NEW Capital Fund target?

The firm deploys across early-stage seed rounds, growth equity, and late-stage expansion financings, per its stated strategy. It also participates in corporate spin-off transactions, which require structuring expertise distinct from standard venture rounds. This range allows the firm to follow portfolio companies from initial investment through later-stage capital needs.

### Where does NEW Capital Fund source its deals?

The firm's Little Chute, Wisconsin location provides access to Midwest-based founders and industrial-technology companies that coastal venture firms often overlook. Its sourcing model relies on regional operator relationships, manufacturing-sector networks, and referrals from portfolio-company executives rather than auction processes dominated by the major venture platforms.

### What sectors does NEW Capital Fund focus on?

Enterprise software, industrial technology, and fintech represent the firm's primary investment sectors. The industrial-tech focus aligns with the Midwest's manufacturing density, where automation, supply-chain software, and factory-floor innovation create targets that fit the firm's technical and geographic expertise.

## Related profiles

- [New Business Venture Fund](https://altss.com/profile/new-business-venture-fund)
- [New Capital Management](https://altss.com/profile/new-capital-management)

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Last updated: 2026-06-03T20:00:00.000Z

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