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New Ventures
New Ventures is an SEC-registered investment adviser with its headquarters in Arlington, VA. It provides investment advice to clients. The firm is based in...
New Ventures
New Ventures is an SEC-registered investment adviser with its headquarters in Arlington, VA. It provides investment advice to clients. The firm is based in Arlington, VA.
General information
Firm type
Venture Capital
Year founded
2004
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Arlington
Corporate office
Winston-Salem, NC, United States
Sector focus
Frequently asked questions
Who makes investment decisions at New Ventures?
All investment decisions are made by majority vote of the members within each New Ventures 2021 LLC, a group of local entrepreneurs from the North Carolina Triad, Greater Charlotte, and Upstate South Carolina (per the firm). These active investors select competition winners and fund subsequent milestone-based capital calls. There is no disclosed central investment committee or single managing partner.
How does New Ventures source its deal flow?
Deal flow is generated through open accelerator applications and vertical-specific competitions known as the New Ventures Challenge. The firm runs three thematic accelerators — Health, Wellness & Nutrition; AgTech; and B2B Software — each leveraging regional industry partners like the North Carolina Research Campus and the NC Food Innovation Lab. Applications are publicly solicited, with a documented window closing June 30, 2021 for one cohort.
Is New Ventures a single family office or an accelerator?
New Ventures is not a single family office. It operates as a membership-based investment organization that runs vertical startup accelerators. The structure resembles an angel network and accelerator hybrid, with capital pooled through New Ventures 2021 LLCs and programming administered by the nonprofit Flywheel Foundation (per the firm).
Does New Ventures participate in fund commitments or only direct deals?
The firm only makes direct equity investments in selected accelerator participants, typically around $50k per startup, released in tranches tied to milestone achievement. There is no evidence of fund-of-funds commitments, SPVs, or co-investment alongside institutional venture funds. All capital flows from member LLC pools directly into operating companies (per the firm).
What is New Ventures' relationship to Flywheel and the Flywheel Foundation?
Flywheel LLC is a coworking operator that designs and manages innovation centers, providing workspace and mentor connections for accelerator teams. The Flywheel Foundation is a separate nonprofit that administers the New Ventures Challenge, mentor networks, and Demo Day on behalf of the New Ventures 2021 LLCs. The three entities are legally distinct but operationally intertwined — Flywheel LLC and the Flywheel Foundation share directors and programming responsibilities (per the firm).
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