About NEW Capital Fund
NEW Capital Fund is a venture capital firm founded in 2006. It is primarily based out of Little Chute, United States. As of Mar 2015, NEW Capital Fund has invested in 17 companies. 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 Life Sciences and High Tech. Most recently it participated in the $***** Series A round of Swallow Solutions Overall, NEW Capital Fund portfolio has seen 7 acquisitions including key companies like Optimine, Silatronix and TrafficCast. A lot of funds co-invest with NEW Capital Fund, with names like Venture Management sharing a substantial percentage of its portfolio.Key Metrics
NEW Capital Fund's List of Top Investments
NEW Capital Fund has a portfolio of 17 companies. Their most notable investments include Invenra and Optimine.Their portfolio spans across United States and Canada. They have invested in Enterprise Applications, Life Sciences, High Tech and 15 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by NEW Capital Fund:1. Invenra
Pioneering bispecific and trispecific antibody discovery and development for novel therapies. They are dedicated to advancing patient health through innovative therapeutic antibody solutions. The company leverages proprietary platform technologies to discover and develop novel therapies, initially focusing on oncology and expanding into other disease categories. Their expertise lies in creating bi- and multi-specific antibody candidates with combinatorial specificity and best-in-class potential. They offer services including rapid bispecific discovery and antibody expression. Their core values emphasize scientific curiosity, creative collaboration, and open communication. They are committed to developing optimized candidates to address challenging therapeutic targets. They are a research and development company focused on antibody engineering, discovery, and development.
Key facts about Invenra
- Founded Year: 2011
- Location: Madison (United States)
- Stage: Series A
- Total Funding till date: $21.3M
- Employee Count: 56 as on Jul 31, 2026
- Investors: Venture Management, SWIB (State of Wisconsin Investment Board) and 4 Others
- Latest Funding Round: Series A, Oct 01, 2018, $*****
- Highlight: Editors' Pick
2. Optimine
OptiMine Software provides cloud-based cross-channel marketing analytics and optimization that helps marketers grow their businesses and achieve significant ROI lift from their ad-spend. Through OptiMine’s marketing mix analytics and optimization platform, marketers maximize ROI by gaining insight into every ad’s contributions to financial performance, while optimizing ad-mix and spend across channels and devices.
Key facts about Optimine
- Founded Year: 2008
- Location: St. Paul (Canada)
- Stage: Acquired
- Total Funding till date: $14.9M
- Employee Count: 23 as on Jul 31, 2026
- Investors: Zetta Venture Partners, Venture Management and 7 Others
- Latest Funding Round: Conventional Debt, Jun 14, 2016, $*****
- Highlight: Acquired
3. Phoenix
Neutron radiography and imaging solutions for aerospace, defense, and industrial sectors. They provide nondestructive testing services using neutron imaging, a technique that reveals the internal structure of components without damage. This is crucial for quality assurance, failure analysis, and research and development. They offer a reliable alternative to reactor-based facilities, providing high-resolution imaging with greater flexibility and reduced overhead. Their services support manufacturers in delivering safe, high-quality products across various industries. They are certified and compliant with industry standards, including AS9100D and ITAR, ensuring quality and security. They empower reliable, agile suppliers of safe, high-performing products.
Key facts about Phoenix
- Founded Year: 2005
- Location: Madison (United States)
- Stage: Series B
- Total Funding till date: $32.5M
- Employee Count: 28 as on Apr 30, 2026
- Investors: Deerfield, Venture Management and 6 Others
- Latest Funding Round: Series B, Mar 23, 2020, $*****
- Highlight: Editors' Pick
4. Silatronix
Developer of nanostructured electorde. They combine organosilicon compounds with nanostructured electrodes and used in energy storage devices such as ultracapacitors,lithium ion batteries and other electrochemical energy storage devices.
Key facts about Silatronix
- Founded Year: 2007
- Location: Madison (United States)
- Stage: Acquired
- Total Funding till date: $14.9M
- Employee Count: 7 as on May 31, 2026
- Investors: WARF, Foley Ventures and 8 Others
- Latest Funding Round: Series B, Mar 29, 2019, $*****
- Highlight: Acquired
5. TrafficCast
TrafficCast International develops technologies, applications, and content based on digital traffic data to provide travel time forecasting and traffic information. company uses accident reports, weather conditions, road sensors and the global positioning system for its reports. Trafficcast analyzes real time data from over 450,000 miles of roadways in United States. In 2009 navigation system provider TomTom NV signed a deal with Trafficcast to provide real-time information about traffic, weather patterns and the cheapest nearby gasoline to TomTom's first wireless navigation device.
Key facts about TrafficCast
- Founded Year: 1999
- Location: Madison (United States)
- Stage: Acquired
- Total Funding till date: $3.75M
- Employee Count: 10 - 49 as on Mar 01, 2026
- Investors: Ceres Venture Fund, Springboard Enterprises and 3 Others
- Latest Funding Round: Series A, Jan 23, 2008, $*****
- Highlight: Acquired
NEW Capital Fund's Investments by Stage
NEW Capital Fund has made 5 investments in Seed stage with an average round size of $1.9M, 3 investments in Series A stage with an average round size of $2.52M and 1 investment in Unattributed stage with an average round size of $1.2M.Stage of entry | No. of Investments |
|---|---|
Seed | 5 |
Series A | 3 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
NEW Capital Fund's Investments by Sector
NEW Capital Fund has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, Life Sciences and Retail. Notably, it has invested in 13 Enterprise (B2B) companies, 11 Tech companies, 10 Software companies and at least 3 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 4 |
High Tech | 3 |
Consumer | 2 |
Life Sciences | 2 |
Retail | 2 |
Others | 12 |
Note: We have considered here, only first round of investments
NEW Capital Fund's Investments by Geography
NEW Capital Fund has made most investments in United States (9).NEW Capital Fund's recent investments
NEW Capital Fund has not made any investment in 2026 so far.Here are the most recent investments by NEW Capital Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 13, 2015 | United States | Series A | 4866 | [+1] | |
Nov 25, 2014 | United States | Seed | 9030 | [+1] | |
Apr 02, 2014 | United States | Seed | 3135 | [+3] | |
Feb 06, 2014 | United States | Series A | 7593 | - | |
Nov 05, 2013 | United States | Seed | 1738 |
Acquired companies in NEW Capital Fund's Portfolio
7 companies from NEW Capital Fund's portfolio have been acquired. The most recent acquisition was Optimine in Aug 2025 by Uptempo for $*****.Here are NEW Capital Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 28, 2025 | - | - | 9278 | |
Nov 03, 2021 | - | - | 3689 | |
Dec 07, 2020 | Jan 23, 2008 | Series A | 7626 | |
Sep 05, 2019 | - | - | 6817 | |
Aug 05, 2019 | - | - | 1896 |
Co-investors of NEW Capital Fund
Over the past 20 years, 21 investors have co-invested in NEW Capital Fund's portfolio companies. This includes funds and angels.
- Invested before NEW Capital Fund: Wisconsin Investment Partners, DOE and 5 others have invested in rounds before NEW Capital Fund. There are 2 companies where Wisconsin Investment Partners has invested before NEW Capital Fund and 1 company where DOE has invested before NEW Capital Fund.
- Top Co-investors of NEW Capital Fund: 9 investors entered a company along with NEW Capital Fund. These include investors like Venture Management (2 companies).
- Invested after NEW Capital Fund: A total of 5 investors have invested in NEW Capital Fund's portfolio after their investments. Top Investors include Deerfield (1 company), BrightStar Wisconsin Foundation (1 company) and Origin Ventures (1 company).
Recent News related to NEW Capital Fund
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PNL Raises $2M in Equity FinancingPhoenix Nuclear Labs•Nov 25, 2014•Phoenix Nuclear Labs, Venture Management, NEW Capital Fund, Wisconsin Investment Partners
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Renovar Raises $1.2 Million in New Financing RoundPR Newswire•Nov 30, 2006•Renovar, NEW Capital Fund, Wisconsin Investment Partners
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