New North Ventures
New North Ventures is a Pre-seed, Seed and Series A fund in the US and Estonia writing $500K–$5M checks into AI, Healthcare, Security, space, DeepTech and enterprise-saas.
- Stages
- Pre-seed, Seed, Series A
- Sectors
- AI, Healthcare, Security, space, DeepTech, enterprise-saas
- Check size
- $500K–$5M
- Invests in
- US-wide, Estonia
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2020
- Assets under management
- $45M - $100M
- Website
- newnorthvc.com
Thesis
New North Ventures, founded in 2020, is a venture capital firm focused on early-stage technology companies operating at the intersection of national security and commercial markets. Their investment thesis centers on strengthening national security and economic resilience by supporting innovative companies that address critical, frontier problems, particularly those with "dual-purpose" technologies applicable to both defense and commercial sectors. The firm's key technology areas align with Department of Defense priorities, including cybersecurity, space, trusted AI and autonomy, deep tech, enterprise applications, and healthcare. New North Ventures primarily invests in pre-seed, seed, and Series A rounds, with a geographic focus on the United States and some investments in Estonia. Fund I was $25 million, and Fund II has closed its first round at $45 million, targeting $80-$100 million, with plans to invest in approximately 30 companies and reserve capital for follow-on investments. Typical initial check sizes range from $1 million to $3 million, with a minimum of $500,000 and a maximum of $5 million.
Common questions
Does New North Ventures invest at the Pre-seed stage?
Yes. New North Ventures lists Pre-seed, Seed and Series A among the stages it invests in.
What check size does New North Ventures write?
New North Ventures writes $500K–$5M checks.
Where does New North Ventures invest?
New North Ventures invests in the US and Estonia.