Neo just raised $320 million.
Dear Neo family,
We’ve just raised $320 million for our fourth fund on the heels of successful seed investments in Cursor, Kalshi, Bluesky, & many more.
Thank you to the hundreds of you helping Neo become Silicon Valley's premier community for tech talent and startups. 💙
From Sheryl & Schrep to Sam & Satya, read more in this fabulous Forbes feature.
Neo began eight years ago with a simple, audacious premise: that one can identify future tech leaders when they're still in college.
Today, we’ve proven that premise and built an institution that systematically identifies future superstars and helps them maximize their potential. Since 2017, Neo Scholars have founded companies like Cursor, Pika, Chai Discovery, Caldera, and Cognition. Since 2022, Neo Accelerator has spawned companies like Anterior, Moment, Sapien, & more.
From the start, we chose a different path. While other funds grow by raising ever larger amounts of capital, we want to grow in quality, not quantity. Our programs stay small even as more people apply each year.
To align with this philosophy, we're betting more on our own returns. Our new fund is not much larger than the last (and we made the tough decision to turn away a lot of capital), whereas our partners have committed as much of our own money to this fund as to all our previous funds combined.
Thank you: whether you’re a student, founder, builder, mentor, or investor in our fund, Neo wouldn’t be here without you, and we’re excited to share the next leg of the journey with you.