# Newlab

Newlab is an Asset Manager based in Brooklyn, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Brooklyn, United States
- **Region:** Europe
- **Address:** Brooklyn, NY, United States
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** newlab.com
- **LinkedIn:** https://www.linkedin.com/company/newlabnyc

## Regulatory record

- **Reports private funds:** No

## About

Newlab is a global venture platform based in Brooklyn, New York, founded in 2016. The company supports technology startups in the sustainability sector with facilities, prototyping labs, and regulatory partnerships. Newlab serves startups in the energy, mobility, and materials sectors, providing access to capital networks and piloting sites.

## Sectors

- ClimateTech
- Mobility & Transportation
- Robotics & Automation
- Industrial Tech
- Energy Transition & Renewables

## Offices

- Detroit, MI
- London, United Kingdom
- Dhahran, Saudi Arabia
- Seoul, South Korea

## People

- Shaun Stewart — CEO
- David Belt — Co-founder and Chairman
- Scott Cohen — Co-founder

## Questions

### How does Newlab's business model differ from a traditional venture capital firm?

Newlab operates as a venture platform that combines three revenue lines: membership fees from resident startups, corporate-sponsored research and pilot programs, and carried interest from the ventures it backs. This hybrid structure allows it to fund operations without relying on periodic blind-pool fundraises from limited partners. The firm provides physical infrastructure — robotics labs, CNC machines, wet-lab space — alongside an investor and corporate-partner network, which means its economics are tied to both recurring membership revenues and long-term equity outcomes.

### What is Newlab's relationship with Ford and the Detroit mobility corridor?

In January 2023, Newlab opened a dedicated deep-tech and climate hub in Detroit in collaboration with Michigan Central, a mobility innovation district anchored by Ford. The studio is backed by Ford, the State of Michigan, and the Michigan Economic Development Corporation. It focuses on advanced mobility, electrification, and supply-chain automation, building on an earlier multi-year partnership between Newlab and Ford that placed startups inside Ford's research ecosystem.

### How is Newlab involved in Saudi Arabia's Dhahran Techno Valley?

Newlab established a presence in Dhahran Techno Valley through a partnership that connects North American and European startups with industrial testing environments in the Middle East. The relationship is anchored by Saudi Aramco's interest in deep-tech innovation for energy and materials. Details on specific investment vehicles or portfolio companies tied to this partnership have not been fully disclosed, but the arrangement gives Newlab's resident companies access to industrial-scale deployment pilots in the Gulf region.

### Who runs investment decisions at Newlab?

CEO Shaun Stewart, who joined in 2023 from Google's moonshot factory X, leads overall strategy and investment oversight. The firm maintains a venture-investment team that evaluates resident companies alongside a partnerships group managing corporate-sponsored research programs. Co-founder David Belt, who stepped back from day-to-day CEO duties, remains Chairman and is still involved in major partnership evaluations, according to the firm's own statements.

### What types of companies does Newlab typically work with?

Newlab selects companies building physical-world technologies — robotics, advanced manufacturing, mobility systems, climate hardware, and industrial automation — that benefit from shared prototyping facilities and corporate pilot programs. The firm generally avoids pure-software or consumer-internet startups, focusing instead on ventures where access to lab infrastructure and industrial testbeds creates a genuine acceleration advantage.

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- [Numerix LLC](https://altss.com/profile/numerix-llc)
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Last updated: 2026-06-03T20:00:00.000Z

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