About Neo
Neo is a venture capital firm founded in 2017. It is primarily based out of San Francisco, United States. As of Jun 2026, Neo is an active investor, having invested in 169 companies, with 21 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series C round of Engram Overall, Neo portfolio has seen 9 unicorns, 2 IPOs and 18 acquisitions including key companies like Deel, Speak and Replit. A lot of funds co-invest with Neo, with names like BoxGroup sharing a substantial percentage of its portfolio. Neo has team of 12 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio IPOs
Portfolio Unicorns
Portfolio Soonicorns
Neo's List of Top Investments
Neo has a portfolio of 169 companies, including 9 unicorns. Their most notable investments are in Wispr Flow and Liquid.Their portfolio spans across United States, United Kingdom, Anguilla and 7 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 26 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Neo:
1. Ramp
Provider of a platform for spend management, corporate cards, and payables. The platform offers features such as expense management, accounts payable processing, and travel management. It also provides procurement and accounting automation capabilities. The platform aims to streamline financial operations and improve efficiency for finance teams.
Key facts about Ramp
- Founded Year: 2019
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $3.22B
- Employee Count: 2,403 as on May 31, 2026
- Investors: equitywestsecurities.com, T. Rowe Price and 70 Others
- Latest Funding Round: Series F, Jun 04, 2026, $*****
- Highlight: Editors' Pick
2. Deel
Provider of global payroll, compliance, and human resources solutions. The company offers tools for onboarding, contractor management, and employee record services. It facilitates international payroll processing, tax deductions, and compliance adherence. The company’s platform integrates with existing systems.
Key facts about Deel
- Founded Year: 2019
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $982M
- Employee Count: 9,619 as on May 31, 2026
- Investors: Spark Capital, Mubadala and 53 Others
- Latest Funding Round: Series E, Oct 16, 2025, $*****
- Highlight: Editors' Pick
3. Speak
AI-powered language learning platform. Its platform helps users to practice conversational English with an AI bot. Its mobile app is available for iOS and Android devices.
Key facts about Speak
- Founded Year: 2016
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $162M
- Employee Count: 294 as on May 31, 2026
- Investors: Accel, Sound Ventures and 25 Others
- Latest Funding Round: Series C, Nov 13, 2024, $*****
- Highlight: Editors' Pick
4. Scale AI
Labeled data to train AI applications. The platform leverages enterprise data to customize generative models. The data engine consists of tools and features to collect, curate and annotate data, and to evaluate and optimize models.
Key facts about Scale AI
- Founded Year: 2016
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $15.9B
- Employee Count: 6,693 as on May 31, 2026
- Investors: Harmony Venture Partners, Northgate Capital and 63 Others
- Latest Funding Round: Series G, Jun 12, 2025, $*****
- Highlight: Editors' Pick
5. Replit
AI platform to build apps, websites, and software instantly. It enables users to create, deploy, and scale apps, websites, and software using natural language, with built-in tools for design, databases, hosting, collaboration, and integrations.
Key facts about Replit
Neo's Year-on-Year Investment Trends
Neo has invested in 169 companies over the last 7 years, with an average of 13 new investments annually in the last 5 years. In 2025, it made 30 investments, while as of Jun 2026, it has made 9 investments in this year. Its most recent first time investment was in Engram and most recent follow-on round was in Yuzu Health.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 8 | 1 | 9 |
2025 | 21 | 9 | 30 |
2024 | 11 | 3 | 14 |
2023 | 6 | 2 | 8 |
2022 | 13 | 2 | 15 |
2021 | 12 | 3 | 15 |
2020 | 2 | 0 | 2 |
2019 | 4 | 0 | 4 |
Neo's Investments by Stage
Neo has made 47 investments in Seed stage with an average round size of $6.81M, 21 investments in Series A stage with an average round size of $21.3M, 6 investments in Series B stage with an average round size of $41.3M, 2 investments in Series C stage with an average round size of $299M and 1 investment in Series D stage with an average round size of $428M.Stage of entry | No. of Investments |
|---|---|
Seed | 47 |
Series A | 21 |
Series B | 6 |
Series C | 2 |
Series D | 1 |
Note: We have considered here, only first round of investments
Neo's Investments by Sector
Neo has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, FinTech and Enterprise Infrastructure. Notably, it has invested in 159 Tech companies, 122 Enterprise (B2B) companies, 119 Software companies and at least 68 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 54 |
High Tech | 24 |
Consumer | 13 |
FinTech | 12 |
Enterprise Infrastructure | 10 |
Others | 66 |
Note: We have considered here, only first round of investments
Neo's Investments by Geography
Neo has made most investments in United States (73), followed by Canada where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 73 |
Canada | 1 |
Luxembourg | 1 |
Note: We have considered here, only first round of investments
Neo's recent investments
Neo has made 9 investments in 2026 so far. Engram and Courtroom are the latest among them.Here are the most recent investments by Neo:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 23, 2026 | United States | Series C | 8486 | [+7] | |
Jun 12, 2026 | United States | Seed | 1990 | [+4] | |
May 11, 2026 | United States | Seed | 6562 | [+8] | |
May 05, 2026 | United States | Seed | 5641 | [+3] | |
Apr 28, 2026 | - | Seed | 4612 | [+7] |
Unicorns in Neo's Portfolio
Neo has 9 unicorns in its portfolio - Chai Discovery, Decagon, Speak and others. The most recent unicorn in their portfolio is Chai Discovery. It became a unicorn in 2025.Here is a list of unicorns in Neo's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
63 | Developer of artificial intelligence models for de novo molecular design | 2023 | San Francisco | Series C | ahof{hh | ||
72 | AI-powered customer experience platform | 2023 | San Francisco | Series D | cud{bsx | ||
78 | AI-powered language learning platform | 2016 | San Francisco | Series C | qrpjpol | ||
72 | Developer of an AI software engineer designed to automate coding | 2023 | San Francisco | Series D | gm{eddp | ||
51 | Provider of AI systems optimized for reasoning, imbuing computers | 2020 | San Francisco | Series B | rdxvtwq |
IPOs and Publicly Listed companies in Neo's Portfolio
2 of Neo's portfolio companies have become public. Arrived got listed on the OTC Markets (OTCMKTS), in Oct 2025 and Serve Robotics got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $56.8M.Here are Neo's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 07, 2025 | May 17, 2022 | Series A | 9542 | |
Apr 18, 2024 | Mar 02, 2021 | Seed | 1594 |
Acquired companies in Neo's Portfolio
18 companies from Neo's portfolio have been acquired. The most recent acquisition was GPTZero in Jun 2026 by Superhuman for $*****.Here are Neo's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 24, 2026 | May 09, 2023 | Seed | 6232 | |
Jun 16, 2026 | - | - | 1545 | |
Jun 12, 2026 | - | - | 4880 | |
Mar 11, 2026 | Oct 28, 2020 | Series B | 1423 | |
Jul 28, 2025 | - | - | 3904 |
Team profile of Neo
Neo has a team of 12 members including 1 Partner and 3 Principals located in United States and United Kingdom. Neo's team does not sit on the board of any company as of now.Here is a list of top team members in Neo:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | - | ||
Principal | - | - | - | |
Principal | Burlingame | - | ||
Principal | United Kingdom | - | - |
Co-investors of Neo
Over the past 7 years, 591 investors have co-invested in Neo's portfolio companies. This includes funds and angels.
- Invested before Neo: Y Combinator, Founders Fund and 99 others have invested in rounds before Neo. There are 4 companies where Y Combinator has invested before Neo and 3 companies where Founders Fund has invested before Neo.
- Top Co-investors of Neo: 314 investors entered a company along with Neo. These include investors like BoxGroup (7 companies).
- Invested after Neo: A total of 176 investors have invested in Neo's portfolio after their investments. Top Investors include General Catalyst (7 companies), Emerson Collective (3 companies) and Menlo Ventures (3 companies).
Recent News related to Neo
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Altara Raises $7 Million Seed Funding for AI-Powered Scientific Intelligence PlatformThe SaaS News•May 07, 2026•Neo, Liquid 2 Ventures, Greylock Partners, BoxGroup and 1 other
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Liquid Secures $18M Seed Funding for Trading PlatformMassinvestor•Apr 29, 2026•Left Lane, Liquid AI, Liquide Solutions, Neo
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Amperos Health Raises $16M for Agentic AI Denial Management and Revenue Recovery PlatformHIT Consultant•Apr 22, 2026•Amperos Health, Neo, Uncork Capital, Bessemer Venture Partners and 1 other
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TextQL Closes $17M Strategic Funding RoundFinSMEs•Apr 20, 2026•TextQL, Blackstone, HOF Capital, Neo and 2 others
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Yuzu Health Raises $35 Million Series A RoundTradingView•Apr 06, 2026•Yuzu Health, Chemistry VC, General Catalyst, Chemistry World and 5 others
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Miravoice Lands $6.3M to Automate Quantitative Surveys for Market ResearchThe SaaS News•Apr 03, 2026•Neo, 25madison, Unusual Ventures, Miravoice
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Inertia Secures $450M to Commercialize Fusion ScienceBenzinga•Feb 11, 2026•Google Ventures, Bessemer Venture Partners, Inertia, Alphabet and 7 others
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Adaption Labs Raises $50M in Seed FundingFinSMEs•Feb 06, 2026•E14 Fund, Neo, Mozilla Ventures, Fifty Years and 4 others
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OpenAI-Backed Chai Discovery Lands $130M to Accelerate AI Molecule DesigneWEEK•Dec 15, 2025•Chai Discovery, OpenAI, Oak HC/FT, Thrive Capital and 8 others
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Medra Raises $52 Million Series A to Build Physical AI ScientistsBusiness Wire•Dec 11, 2025•Fusion Fund, NFDG, Lux Capital, Seven Seven Six and 8 others
