NEW STACK, LLC
NEW STACK, LLC is a Pre-seed, Seed, Series A and angel fund in the US, Midwest, Canada and Mexico writing $500K–$1.5M checks into Enterprise, Fintech, Healthcare, Marketplaces, vertical-ai, industrials, proptech, DeepTech, e-commerce, iot, smart-hardware and other.
- Stages
- Pre-seed, Seed, Series A, angel
- Sectors
- Enterprise, Fintech, Healthcare, Marketplaces, vertical-ai, industrials, proptech, DeepTech, e-commerce, iot, smart-hardware, other
- Check size
- $500K–$1.5M
- Invests in
- US-wide, Midwest, Canada, Mexico
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2015
- Assets under management
- $42.6M
- Website
- newstack.com
Thesis
The firm's mission is to disrupt conventional VC models by supporting mission-driven founders with an "irrational commitment to their cause," irrespective of their background or location. Their investment thesis centers on angel, pre-seed, and seed-stage investments, with a preference for leading rounds or providing the first institutional check. They typically invest between $500,000 and $1.5 million per deal, targeting companies that are pre-revenue, in pilots/POCs, or in early commercialization. While generalists, their key sectors of interest include Vertical AI, Fintech, Healthcare, Industrials, B2B SaaS, Proptech, Deep Tech, Marketplaces/Platforms, E-commerce, IoT, Smart Hardware, and Under-Capitalized Markets/Geographies. New Stack Ventures deliberately seeks deals outside major tech hubs, with a natural focus on the Midwest (e.g., Chicago) but also a global lens, including investments in Toronto and Guadalajara. The firm manages two funds: Fund 1 (2018) was $6 million, and their second fund, announced in March 2022, raised $42.6 million, making it the second-largest single-partner fund raised outside coastal tech hubs. They have a portfolio of 38 companies and are headquartered in Chicago, Illinois, with a primary office in Kansas City, MO.
Common questions
Does NEW STACK, LLC invest at the Pre-seed stage?
Yes. NEW STACK, LLC lists Pre-seed, Seed, Series A and angel among the stages it invests in.
What check size does NEW STACK, LLC write?
NEW STACK, LLC writes $500K–$1.5M checks.
Where does NEW STACK, LLC invest?
NEW STACK, LLC invests in the US, Midwest, Canada and Mexico.