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§ Venture Capital · New York City, NY, USA
Family office investing Adam Neumann's private capital in early-stage startups, real estate, and venture funds, focused on proptech and fintech.
Key people at 166 2nd.
166 2nd was founded in 2019 by Adam Neumann (Co-Founder & CEO) and Rebekah Neumann (Co-Founder).
166 2nd Financial Services operates as a family office dedicated to strategically deploying capital into and fostering the growth of innovative enterprises. The firm focuses on a diverse portfolio, encompassing multi-family real estate alongside venture investments in high-growth sectors such as financial technology, property technology, cryptocurrency, and health technology. Through a meticulous investment approach, 166 2nd aims to identify and support businesses poised for significant market impact.
The firm was co-founded in 2019 by Adam and Rebekah Neumann, following Adam Neumann's significant role as a co-founder of WeWork. Their vision stemmed from a desire to leverage their accumulated wealth and extensive entrepreneurial experience to actively cultivate the next generation of groundbreaking companies. This insight positioned them to transition from building a large-scale enterprise to empowering other founders with capital and strategic guidance.
166 2nd primarily serves early-stage and growth-stage companies seeking strategic capital and operational expertise. The firm’s overarching vision is to contribute to the development of a robust ecosystem of forward-thinking businesses by providing foundational support. It seeks to back ventures that promise to redefine industries and create lasting value, ultimately shaping future markets and technologies.
166 2nd has 5 tracked investments across 4 companies. The latest tracked deal is $50.0M Other Equity in Alfred in March 2022.
Key people at 166 2nd.
166 2nd was founded in 2019 by Adam Neumann (Co-Founder & CEO) and Rebekah Neumann (Co-Founder).