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New Age Capital is a thesis-driven seed stage venture capital firm that invests in tech and tech-enabled startups founded and led by Black and Latino entrepreneurs. They focus on companies at the seed stage with products in market, early customer traction, and some revenue, leading seed rounds up to $3M with an emphasis on capital efficiency.
The firm operates with a mission to address the historical underrepresentation in venture capital funding by supporting underinvested, bootstrapped founders from their communities. They are industry agnostic and seek the best software or technology-enabled solutions across various markets, though they exclude fashion/fashion tech, media, crypto/web3, and medical device companies from their investment scope.
New Age Capital plays a crucial role in the venture ecosystem by filling gaps in funding for Black and Latino entrepreneurs who have historically struggled to access capital. Founded by Ivan Alo and LaDante McMillon after their own experiences building a fintech company and witnessing peers struggle to raise money, they represent a response to the lack of diversity in traditional VC firms and work to ensure that entire demographics of innovators are no longer ignored in the startup funding landscape.
New Age Capital invests in tech and tech-enabled startups founded and led by Black and Latino entrepreneurs, taking an industry-agnostic approach to find the best software or technology-enabled solutions across various markets. They specifically avoid investments in fashion/fashion tech, media, crypto/web3, and medical device companies, focusing instead on companies that solve problems through innovative technology.
The firm maintains a strict geographic focus on companies located in the United States with C-Corp status, seeking compelling opportunities in both non-target major cities and under-the-radar companies in coastal metros. They define their impact through addressing the funding gap for underrepresented founders, leading seed rounds up to $3M for companies with products in market, early customer traction, and initial revenue streams.

Photo credit: New Age Capital
Diversity-Focused Investment
Dedicated to investing in tech startups founded and led by Black and Latino entrepreneurs, addressing systematic underinvestment in these communities.
Seed Stage Leadership
Leads seed rounds up to $3M for companies with products in market, early customer traction, and initial revenue.
Industry Agnostic Approach
Invests across various markets in software and tech-enabled solutions while maintaining focus on capital efficiency.
Authentic Founder Support
Founded by entrepreneurs who experienced fundraising challenges firsthand, providing genuine understanding and connection with portfolio companies.
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