# New Ground Ventures

New Ground Ventures is a Venture Capital based in Palo Alto, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Palo Alto, United States
- **Region:** North America
- **Address:** Palo Alto, CA, United States
- **Founded:** 2014
- **Assets under management:** Under $100M (Altss estimate)
- **Website:** www.newground.vc
- **LinkedIn:** https://www.linkedin.com/company/new-ground-ventures

## Regulatory record

- **CRD number:** 291355
- **SEC file number:** 802-112373
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/291355

## About

New Ground applies seasoned investment judgment to fund visionary entrepreneurs as they create pioneering and impactful companies. It has been one of the most active early stage investors of the past decade, with 145 companies funded since 2011. Its approach is generalist, with flexibility to invest in a wide range of industries and stages, and investments tend to fall into Software, Consumer and Deep Tech.

## Sectors

- Enterprise Software
- AI/ML
- Digital Health
- Mobility & Transportation

## People

- Tony Askew — Founder & Managing Partner

## Questions

### Who runs investment decisions at 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.

### How does New Ground Ventures source proprietary deal flow?

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.

### Does New Ground Ventures participate in fund commitments or only direct deals?

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.

### What investment stages does New Ground Ventures typically target?

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.

## Related profiles

- [New Frontier Capital](https://altss.com/profile/new-frontier-capital)
- [New Horizon Capital](https://altss.com/profile/new-horizon-capital-japan)

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

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