Neo (venture capital firm)
American venture capital fund
From Wikipedia, the free encyclopedia
Neo is an American technology startup accelerator and venture capital firm based in San Francisco. The firm has over $1 billion in assets under management and was founded by chief executive officer Ali Partovi.[1] Notable early investments include Anysphere, Kalshi, and Cognition AI.[2]
| Company type | Private |
|---|---|
| Industry | Venture capital |
| Founded | 2017 |
| Founder | Ali Partovi |
| Headquarters | San Francisco, California, U.S. |
| Website | Official website |
Background
Neo was founded in 2017 by Ali Partovi, known for early investments Facebook, Airbnb, and Dropbox.[3] The firm was intended to fund college students.[4]
In 2018, Neo debuted with a $80 million fund.[5] In 2021, Neo raised $130 million for its second fund.[6] The firm raised $235 million in 2023.[7] Its fourth fund raised $320 million.[8]
Programs
Neo Scholars Program
The Neo Scholars Program is a fellowship designed for students still in college. The program provides a grant with mentorship from experienced startup founders and other programs.[9]
Neo Accelerator
The firm's accelerator provides funding and mentorship to early-stage startups. Companies accepted receive approximately $600,000 investment.[7]