Updated:
New Lab
New Lab: a family office operating an innovation hub in Brooklyn, investing in early-stage hardware and climate tech. 84,000 sq ft workspace + capital.
New Lab
New Lab was founded in 2016 with the launch of its Brooklyn Navy Yard campus in New York City, a converted industrial building that now houses over 600 entrepreneurs and 100+ member companies. The firm positions itself as both a real-estate-backed ecosystem and a capital provider, bridging the gap between venture funding and physical product development. Wealth origin for the underlying capital has not been publicly attributed to any specific family or individual. The firm’s investment strategy focuses on early-stage companies in industrial technology, climate tech, robotics, and hardware-software hybrids. New Lab takes equity positions in selected member companies and also runs an internal venture studio that co-creates businesses alongside entrepreneurs. Notable portfolio exits include Lilium, an electric vertical-takeoff-and-landing aircraft developer that went public via SPAC in 2021 (per SEC filings, 2021), and Canopy, a smart building technology firm acquired by Sidewalk Labs in 2019 (per TechCrunch, 2019). Geographic focus centers on the US and Europe, with additional office presence in Berlin and Seattle. New Lab has not disclosed total assets under management or the number of investment professionals. The firm operates additional innovation spaces in Berlin (Factory Berlin partnership) and Seattle (co-working and lab space). Philanthropic structures or adjacent investment vehicles have not been publicly identified. In 2024, New Lab announced a partnership with the New York City Economic Development Corporation to support climate tech startups through a new accelerator program (per NYC EDC press release, 2024). The firm’s structural differentiator is its dual model: it generates revenue through membership fees and real estate operations while deploying capital as a family office. This hybrid structure allows New Lab to provide non-dilutive support to portfolio companies — including prototyping, manufacturing, and corporate access — that a traditional venture firm might not offer. The model is unusual among single-family offices, which typically lack physical infrastructure for product development.
General information
Firm type
Family Office
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Brooklyn
Corporate office
Brooklyn, NY, United States
Additional offices
Berlin, Germany · Seattle, WA, United States
Sector focus
Frequently asked questions
Who makes investment decisions at New Lab?
New Lab has not publicly identified specific investment principals or a named CIO. The firm's executive team includes its co-founders and managing directors, but their roles in capital deployment are not explicitly disclosed. All named investment professionals remain unidentified in public sources.
Is New Lab structured as a single-family office or a venture firm?
New Lab operates as a family office with elements of an innovation hub and venture studio. It generates revenue from membership fees and real estate while also making equity investments. This hybrid structure distinguishes it from traditional single-family offices, which typically do not operate physical workspaces or prototyping facilities.
Does New Lab invest directly or through funds?
New Lab makes direct equity investments in portfolio companies, typically alongside its workspace and ecosystem support. It also runs an internal venture studio that co-creates businesses. The firm has not publicly disclosed any fund-of-funds or third-party managed fund commitments.
What investment stages does New Lab target?
New Lab focuses on early-stage companies, from pre-seed through Series A, with an emphasis on hardware, industrial technology, and climate tech. It supports companies that require prototyping, manufacturing, and corporate pilot support alongside capital.
Which sectors does New Lab explicitly avoid?
New Lab has not publicly stated any explicit avoidance sectors. However, its focus on hardware, climate tech, and industrial technology implies less activity in pure software, consumer internet, or healthcare services. The firm's physical prototyping capabilities naturally steer it toward companies with tangible products.
Where does the underlying wealth for New Lab come from?
The wealth origin underlying New Lab's family office capital has not been publicly disclosed. The firm does not attribute its funding to any specific family or individual in public communications.
Does New Lab maintain philanthropic structures?
New Lab has not publicly disclosed any affiliated philanthropic foundation or charitable vehicle. Its partnership with the NYC Economic Development Corporation for a climate tech accelerator is a grant-based program, but it is not structured as a separate philanthropic entity.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: