About Neo
Neo is a venture capital firm founded in 2017. It is primarily based out of San Francisco, United States. As of Nov 2026, Neo is an active investor, having invested in 174 companies, with 14 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 Applied Compute Overall, Neo portfolio has seen 11 unicorns, 2 IPOs and 19 acquisitions including key companies like Deel, Speak and Replit. A lot of funds co-invest with Neo, with names like SV Angel sharing a substantial percentage of its portfolio. Neo has team of 15 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio IPOs
Portfolio Unicorns
Deals in last 12 months
Neo's List of Top Investments
Neo has a portfolio of 174 companies, including 11 unicorns. Their most notable investments are in GitStart and Wispr Flow.Their portfolio spans across United States, United Kingdom, Anguilla and 7 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 27 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 G
- Total Funding till date: $5.07B
- Employee Count: 6,209 as on Sep 30, 2026
- Investors: equitywestsecurities.com, T. Rowe Price and 79 Others
- Latest Funding Round: Series G, Oct 10, 2026, $*****
- Highlight: Editors' Pick
2. Deel
Provider of human resources and international payroll compliance software tools. The platform facilitates global hiring, automated payroll processing, workforce management, and legal compliance for personnel located across different jurisdictions. It handles visa processing, equipment provisioning, benefits administration, and multi-currency payouts through a centralized digital interface. The technology automates contract generation and tax documentation to manage international teams.
Key facts about Deel
- Founded Year: 2019
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $986M
- Employee Count: 9,640 as on Oct 31, 2026
- Investors: Spark Capital, Mubadala and 60 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: 319 as on Oct 31, 2026
- Investors: Flat Capital, Collab Fund and 25 Others
- Latest Funding Round: Series C, Nov 13, 2024, $*****
4. 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
5. Vanta
Provider of a platform for automating security and compliance programs. The platform offers continuous governance, risk, and compliance management. It facilitates personnel access control, risk management, and third-party risk oversight. The platform also provides questionnaire automation, trust center functionalities, and streamlined audit processes. It integrates with various tools and offers an application programming interface for custom integrations.
Key facts about Vanta
- Founded Year: 2018
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $504M
- Employee Count: 1,994 as on Oct 31, 2026
- Investors: Goldman Sachs, Workday Ventures and 23 Others
- Latest Funding Round: Series D, Jul 23, 2025, $*****
- Highlight: Editors' Pick
Neo's Year-on-Year Investment Trends
Neo has invested in 174 companies over the last 7 years, with an average of 14 new investments annually in the last 5 years. In 2025, it made 30 investments, while as of Nov 2026, it has made 19 investments in this year. Its most recent first time investment was in Furo ( and most recent follow-on round was in Applied Compute.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 14 | 5 | 19 |
2025 | 20 | 10 | 30 |
2024 | 11 | 3 | 14 |
2023 | 6 | 2 | 8 |
2022 | 13 | 3 | 16 |
2021 | 13 | 3 | 16 |
2020 | 2 | 0 | 2 |
2019 | 4 | 0 | 4 |
Neo's Investments by Stage
Neo has made 52 investments in Seed stage with an average round size of $7.26M, 21 investments in Series A stage with an average round size of $21.9M, 6 investments in Series B stage with an average round size of $51.9M, 2 investments in Series C stage with an average round size of $299M and 2 investments in Series D stage with an average round size of $564M.Stage of entry | No. of Investments |
|---|---|
Seed | 52 |
Series A | 21 |
Series B | 6 |
Series C | 2 |
Series D | 2 |
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 Vertical SaaS. Notably, it has invested in 164 Tech companies, 127 Enterprise (B2B) companies, 125 Software companies and at least 74 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 61 |
High Tech | 27 |
Consumer | 13 |
FinTech | 11 |
Vertical SaaS | 11 |
Others | 70 |
Note: We have considered here, only first round of investments
Neo's Investments by Geography
Neo has made most investments in United States (77), followed by Canada where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 77 |
Canada | 1 |
Luxembourg | 1 |
Note: We have considered here, only first round of investments
Neo's recent investments
Neo has made 19 investments in 2026 so far. Applied Compute and Tutor Intelligence are the latest among them.Here are the most recent investments by Neo:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 03, 2026 | United States | Series C | 1690 | [+16] | |
Nov 02, 2026 | United States | Series B | 7550 | [+1] | |
Oct 08, 2026 | Canada | Series B | 7342 | [+9] | |
Sep 10, 2026 | - | Seed | 8327 | [+1] | |
Aug 26, 2026 | - | Seed | 4038 | [+12] |
Unicorns in Neo's Portfolio
Neo has 11 unicorns in its portfolio - Wispr Flow, Applied Compute, Chai Discovery and others. The most recent unicorn in their portfolio is Wispr Flow. It became a unicorn in 2026, 4 years after Neo first invested in it.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 |
|---|---|---|---|---|---|---|---|
71 | Provider of voice to text dictation and meeting notetaker software | 2021 | San Francisco | Series B | mf{tbze | ||
61 | Provider of AI-powered agents for company-specific data and workflows | 2025 | San Francisco | Series C | ezzzcjw | ||
70 | Developer of artificial intelligence models for de novo molecular design | 2023 | San Francisco | Series C | qznvpye | ||
73 | AI-powered customer experience platform | 2023 | San Francisco | Series D | yqvktqz | ||
79 | AI-powered language learning platform | 2016 | San Francisco | Series C | crdgpjt |
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 | 2673 | |
Apr 18, 2024 | Mar 02, 2021 | Seed | 5868 |
Acquired companies in Neo's Portfolio
19 companies from Neo's portfolio have been acquired. The most recent acquisition was Dagster in Jul 2026 by Prefect for $*****.Here are Neo's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 13, 2026 | Nov 16, 2021 | Series A | 6161 | |
Jun 24, 2026 | May 09, 2023 | Seed | 7016 | |
Jun 16, 2026 | - | - | 8043 | |
Jun 12, 2026 | - | - | 7454 | |
Mar 11, 2026 | Oct 28, 2020 | Series B | 2238 |
Team profile of Neo
Neo has a team of 15 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, 724 investors have co-invested in Neo's portfolio companies. This includes funds and angels.
- Invested before Neo: Y Combinator, Founders Fund and 139 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: 350 investors entered a company along with Neo. These include investors like SV Angel (8 companies).
- Invested after Neo: A total of 233 investors have invested in Neo's portfolio after their investments. Top Investors include General Catalyst (7 companies), Alumni Ventures (5 companies) and Sequoia Capital (4 companies).
Recent News related to Neo
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Furo Secures $4 Million Seed Funding for Industrial Battery Storage SoftwareTrending Topics•Sep 11, 2026•Neo
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Etched Raises $700M at a $21B Valuation and Completes First Customer Delivery to Jane StreetBusiness Insider•Aug 18, 2026•Jane Street, Etched, Sequoia Capital, Kleiner Perkins and 8 others
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Delinea and Neo Launch Platforms to Govern AI Agent Actions After AuthenticationBiometricUpdate.com•Jul 29, 2026•DELinea, Neo
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Neo Raises $100M To Secure AI-Powered Enterprise SoftwareVentureburn•Jul 21, 2026•Craft Ventures, Neo, Merlin Ventures, Bessemer Venture Partners and 1 other
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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 Capital, 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
