Neo
UnclaimedAt a Glance
- Check Size
- $100K – $10M
- Stage
- Pre-Seed, Seed, Series A
- Sectors
- Enterprise, AI
- Founded
- 2017
- HQ
- San Francisco, CA
About Neo
Neo is a venture capital firm based in San Francisco, CA founded in 2017. Neo supports the next generation of tech leaders with the industry's best startup residency, recruiting platform, and diverse mentorship community. The firm focuses on Pre-Seed, Seed, Series A investments across sectors including Enterprise, AI. Notable portfolio companies include Immuta, Lambda School, Clearbit, Desktop Metal, CockroachDB and Standard Cognition. Focuses on backing college students and young entrepreneurs with non-dilutive grants and early-stage investment in enterprise and AI companies.
Investment Thesis
“Focuses on backing college students and young entrepreneurs with non-dilutive grants and early-stage investment in enterprise and AI companies.”
Sector Focus
Investment Stage
Notable Portfolio Companies
Fund History
- Ali Partovi founded Neo in 2017 and has raised more than $600 million across its funds, with the firm reporting over $1 billion in assets under management.
- In May 2023 it announced $235 million across two new vehicles, and in 2025 it closed Fund IV at $320 million, its largest to date and the capital it is currently deploying at pre-seed and seed.
- Capital reaches companies through three distinct doors.
- The Neo Scholars program selects 20 to 30 computer science undergraduates a year and offers $20,000 equity-free gap-semester grants to test commitment before any equity investment.
- The accelerator invests $600,000 on standard terms into at most 20 companies a year.
- In 2026 the firm added a Residency that invests $750,000 through an uncapped SAFE, deliberately undercutting the dilution of conventional accelerator terms.
- The portfolio spans more than 160 companies, with aggregate value reported above $110 billion.
SEC Fund Filings
- Vehicles filed, last 24 months
- 6
- Latest filing
Neo filed a Form D for 6 fund vehicles between Sep 30, 2024 and Sep 29, 2026.
| Fund vehicle | Source |
|---|---|
| Neo SPV 4.5, LP | SEC Form D, filed |
| Neo SPV 4.4, LP | SEC Form D, filed |
| Neo SPV 4.3, LP | SEC Form D, filed |
| Neo SPV 4.2, LP | SEC Form D, filed |
| Neo SPV 4.1, LP | SEC Form D, filed |
| Neo 4.0, L.P. | SEC Form D, filed |
A Form D is the notice a fund files with the SEC when it raises money in a private offering. Feeder funds, parallel funds and SPVs each file their own, so the count measures filing activity, not the number of flagship funds.
Source: SEC EDGAR Form D filings for pooled investment funds, original filings only (amendments excluded). Our filing data starts Jul 1, 2024. Vehicles are matched to Neo by fund name and checked against the sponsor address and named principals on each filing; offering amounts are not shown. Each “SEC Form D” link opens an EDGAR full-text search for that vehicle’s exact name, where the filing itself is listed. See every new fund filing on the Form D Radar.
Team (1)
Frequently Asked Questions
What stage does Neo invest at?
Neo primarily invests at the Pre-Seed, Seed, Series A stages. This means they focus on companies that are at the earliest idea or prototype phase.
Where is Neo located?
Neo is headquartered in San Francisco, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does Neo focus on?
Neo focuses on investments in Enterprise, AI. Their portfolio reflects deep expertise and networks within these sectors.
What is Neo's typical check size?
Neo's typical investment check size ranges from $100K to $10M. Actual amounts may vary based on the stage, sector, and specific opportunity.
Similar Firms
Fund Operations Resources
Running a fund like Neo? Independent guides to the software and processes emerging managers use to operate.
Best Fund Administration Software
Independent breakdown of fund administration platforms by fund size.
LP Reporting Software
Tools for capital account statements and investor updates.
Portfolio Monitoring Tools
How GPs track company performance across the portfolio.
VC CRM Software
Deal-flow and relationship management for investors.
Related tools and reading
The operating system for private capital.
Archstone runs the back office for venture, PE, real estate, and credit funds — LP reporting, capital calls, portfolio tracking, and fund accounting, in one platform. Now in alpha.