NewDo Venture
About NewDo Venture
A venture capital firm founded in 2015 that invests across early-stage technology companies, including artificial intelligence.
NewDo Venture was founded in 2015 and is based at 955 Alma Street in Palo Alto, California. Its offices also include San Mateo and New Haven, and it has team members in China. A VC fund profile names Jingyuan Wang as managing partner and a team of about eight, including six partners and one venture partner. Crunchbase lists Keyan Li as founding partner and Max Ma as CTO. One directory gives the headquarters as New Haven, Connecticut, which conflicts with most other listings. The firm says it offers portfolio companies help with HR, finance, business process and legal work across the US and China.
Artificial intelligence is one of several focus sectors, alongside enterprise services, healthcare, cloud computing, SaaS, computer vision, IoT and VR/AR. The firm runs an angel fund for early-stage deals and a growth fund for later follow-on rounds, according to profiles that describe its structure. It works hands-on, co-invests alongside limited partners, and states that it aims to connect US-founded companies with Chinese enterprise customers and manufacturing partners. Public sources name few AI rounds. ObEN, an AI-powered avatar platform, is the clearest AI example found. Round sizes and dates for AI deals are not public.
Directories list the firm at pre-seed, seed and Series A. Tracxn and a fund profile both say most of its entries come at Series A. The fund profile reports average check bands of $500K to $1M, $1M to $3M and $3M to $10M, which it maps to seed, Series A and Series B, and a historical maximum check of about $11.3 million. Fund sizes and the amounts of its angel and growth funds are not publicly disclosed.
- ObEN: AI-powered avatar platform; round not disclosed.
- Rippling: workforce management software; Series A in March 2017, later reached unicorn status (not an AI company in the sources).
- Glydways: automotive company; later-stage round dated October 2023 per PitchBook.
- Fondo: financial software company; round dated February 2023 per PitchBook.
- Armory: Series C round dated October 2020 per CB Insights; sector not stated.
- Lyft: exited through an IPO; CB Insights lists a Series H-II round in November 2017.
- pitchbook.com/profiles/investor/140394-25
- hub.waveup.com/funds/newdo-venture
- crunchbase.com/organization/newdo-venture
- vc-mapping.gilion.com/vc-firms/newdo-venture
- tracxn.com/d/venture-capital/newdo-venture/__EjiPfxHMVMIAdUsThmp4Fg_cd
- superscout.co/investor/newdo-venture
- caplight.com/investor/newdoventure
- linkedin.com/company/newdo-venture
Investing activity
NewDo Venture is listed on Lounge as a venture capital investor based in Palo Alto, United States. The deals desk records Series A and later AI rounds and seeds over $10M, so smaller checks may not show here yet.
Deals
Frequently asked questions about NewDo Venture
When was NewDo Venture founded and where is it based?
NewDo Venture was founded in 2015 and is headquartered in Palo Alto, California. One directory lists New Haven, Connecticut instead.
Does NewDo Venture invest in AI startups?
Yes, artificial intelligence is one of its listed focus sectors. Public sources name ObEN, an AI-powered avatar platform, as a portfolio company, but few AI rounds are documented.
What check sizes does NewDo Venture write?
A fund profile reports average check bands of $500K to $1M, $1M to $3M and $3M to $10M, with a historical maximum check of about $11.3 million. The firm primarily writes Series A checks according to that profile.
What funds does NewDo Venture manage?
The firm runs an angel fund for early-stage investments and a growth fund for later-stage follow-ons. Fund sizes are not publicly disclosed.
Who leads NewDo Venture?
A fund profile names Jingyuan Wang as managing partner. Crunchbase lists Keyan Li as founding partner, so founders should confirm the current leadership before pitching.
Where is NewDo Venture based?
NewDo Venture is based in Palo Alto, United States.
How can founders reach NewDo Venture?
Founders on Lounge can see NewDo Venture's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add NewDo Venture to their Investor Pipeline to track the conversation.