New Age Capital
VC · New York (United States)
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About
New Age Capital is a thesis-driven seed-stage venture capital firm investing in technology and tech-enabled companies founded and led by Black and Latinx entrepreneurs. Co-founded by Ivan Alo and LaDante McMillon in 2016, the firm aims to address the historical underfunding of these communities by providing capital and support to early-stage startups. Their mission is to create a world where people of all races, ethnicities, cultures, lifestyles, and environments are exposed to new ideas, democratized information, and boundless opportunities through the use of technology. New Age Capital focuses on leading seed rounds up to $3 million, emphasizing capital efficiency and targeting companies with early customer traction and some revenue. They are industry agnostic but exclude investments in fashion, media, crypto/web3, and medical device sectors. Geographically, they invest in U.S.-based companies with C-Corp status, seeking out compelling startups in both major cities and under-the-radar coastal metros. The firm has raised $25 million for its debut fund and has invested in companies like GLASS, Prediction Strike, and MYAVANA.
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