New Ground Ventures

Founder and Managing Partner Tony Askew is the central decision-maker. Public record does not surface a formal investment committee beyond Askew, which makes the firm effectively a key-person vehicle. His background spans executive roles at communications-infrastructure companies, a profile that shapes the firm's preference for technical founders.

Askew leverages a concentrated operator network on the US West Coast, particularly around Palo Alto. The firm's positioning as a small, fast-moving check writer gives it access to pre-institutional rounds where multi-stage funds are absent. Repeat co-investor relationships with angels and emerging managers reinforce the inbound pipeline at the formation stage.

New Ground operates as a direct-investment vehicle targeting company equity. There is no public record of the firm committing capital as a limited partner into other venture funds. The model is built entirely around direct early-stage positions.

The firm concentrates on pre-seed and seed rounds, often writing the first institutional check into a company. Observed round sizes in its history cluster between $1 million and $3 million. Later-stage follow-ons have not been a publicly emphasized part of the strategy.

Sector exclusions are not publicly documented. However, the portfolio's public record clusters around enterprise software, AI/ML, digital health, and mobility. Consumer internet, biopharma, and hard-science deep-tech outside of applied AI do not appear in known investments, suggesting a de facto preference for near-term enterprise applicability.

The firm does not publicly disclose assets under management. Allocators and peer managers may read the absence, combined with the concentrated early-stage posture, as a signal of a sub-$100 million manager operating with lean fund sizes. Founders can expect a concentrated partnership rather than a platform-style firm with extensive portfolio services.

The firm regularly co-invests alongside angel investors and small seed funds. Known co-investors in its rounds include Amplify Partners and Trucks VC. There is no indication that New Ground syndicates lead positions to outside managers; the firm appears to anchor or co-lead the rounds it participates in.