
NewAge Capital
Financial History
Leadership Team
Key people at NewAge Capital.

Key people at NewAge Capital.
New Age Capital is a New York-based venture capital firm founded in 2016 that focuses on seed-stage investments in technology and tech-enabled startups led by Black and Latino entrepreneurs. The firm’s mission is to bridge the funding gap for underrepresented founders by providing not only capital—typically between $850,000 and $1 million per investment—but also strategic guidance and access to a strong network of investors and partners. New Age Capital invests across sectors such as software, healthtech, data analytics, and consumer goods, emphasizing capital-efficient startups in large, fragmented markets. Their hands-on approach includes leading funding rounds and fostering long-term relationships with founders to support growth and scalability, aiming to generate outsized returns while driving meaningful impact in the entrepreneurial ecosystem[1][2][6].
Founded by Ivan Alo and LaDante McMillon, New Age Capital emerged from a desire to create an authentic venture capital voice that reflects the communities it serves, particularly Black and Latino entrepreneurs often overlooked by traditional VC firms. The founders recognized the persistent funding disparities and sought to build a firm that not only invests capital but also actively supports founders through mentorship, milestone setting, and investor introductions. Early traction came from focusing on companies with early market traction and revenue, preparing them to achieve profitability before raising growth capital. This approach has helped New Age Capital build a portfolio that includes companies like Myavana (personalized hair care), PredictionStrike (sports stock market), and Navigate Maternity (prenatal and postpartum care data)[1][2][3].
New Age Capital rides the growing trend of increasing diversity and inclusion in venture capital and entrepreneurship. By targeting underrepresented founders in non-major and coastal cities, the firm taps into overlooked innovation hubs and markets. This timing is critical as the tech ecosystem increasingly recognizes the value of diverse leadership and the untapped potential of minority entrepreneurs. Market forces such as growing social awareness, demand for equitable capital distribution, and the rise of tech-enabled solutions in fragmented markets favor New Age Capital’s thesis. Their influence helps reshape the venture landscape by proving that investing in diverse founders can yield strong financial returns and systemic impact[1][2][3].
Looking ahead, New Age Capital is poised to continue expanding its portfolio and influence by doubling down on capital-efficient startups with high growth potential. Trends such as AI, healthtech, and data analytics will likely shape their investment focus, aligned with their mission to empower underrepresented founders. As the firm matures, it may increase fund size and deepen its operating support, further solidifying its role as a leading VC for Black and Latino entrepreneurs. Their success could inspire more institutional capital to flow into diverse communities, accelerating the emergence of a new generation of global business leaders[1][2].
Key people at NewAge Capital.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 1, 2024 | Finmile | $7.0M Seed | — | Ascension Ventures (UK), MaC Venture Capital, New Age Capital |
| Sep 1, 2021 | PredictionStrike | $2.0M Seed | — | Cake Ventures, MaC Venture Capital, MetaProp Ventures, New Age Capital, NFX, XFactor Ventures, Alina Tioupikova, Drew Koven, Jonathan Wasserstrum, Julie McDermott, Sergio Marrero |