Neo (venture capital firm)
| Company type | Private |
|---|---|
| Industry | Venture capital |
| Founded | 2017 |
| Founder | Ali Partovi |
| Headquarters | San Francisco, California, U.S. |
| Website | Official website |
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]
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]
References
- ^ Nieva, Richard (April 16, 2025). "Y Combinator Rival Neo Is Harder To Get Into Than Harvard". Forbes. Retrieved 2025-11-03.
- ^ Bass, Dina (2023-03-21). "New AI Startup Accelerator Will Partner With OpenAI, Microsoft". Bloomberg. Retrieved 2025-11-03.
- ^ Rafieyan, Darius. "Ali Partovi learned to code in a war zone. Now, he's trying to build a new kind of venture fund". Business Insider. Retrieved 2025-11-03.
- ^ Carson, Biz. "An Early Facebook Investor Is Creating A Scouting Network For Brilliant Engineers". Forbes. Retrieved 2025-11-03.
- ^ Loizos, Connie (2018-08-21). "Neo, a new 'communal' venture fund by Ali Partovi, has closed with $80 million". TechCrunch. Retrieved 2025-11-03.
- ^ Cai, Kenrick. "VC Firm Neo Raises $150 Million Second Fund For Its Engineering Talent Network". Forbes. Retrieved 2025-11-03.
- ^ a b Loizos, Connie (2023-05-23). "VC firm Neo looks to up the ante with $235M across two new funds". TechCrunch. Retrieved 2025-11-03.
- ^ Mathews, Anshika (2025-04-22). "Neo Is More Similar to What Y Combinator Was in the First Place". AIM Media House. Retrieved 2025-11-03.
- ^ Hempel, Jessi. "Silicon Valley's Latest Innovation Looks A Lot Like a Social Club". Wired. ISSN 1059-1028. Retrieved 2025-11-03.