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The Venture Codex

NewGen Capital

624 University Ave, Palo Alto, California, 94301, United States

Overview

Newgen Venture Partners focuses on early-stage startup companies with innovative ideas and revolutionary technologies. Since its establishment in 2012, Newgen has invested in more than 100 enterprises, the accumulated valuation of which has exceeded RMB 50 billion. It is the first investor in several unicorn enterprises, such as GrubMarket, HotMaxx, LePure, and WePie. Newgen Capital is the brand of Newgen's investment in early-stage venture capital funds. As an L.P. actively engaged in early-stage venture capital, Newgen Capital collaborates with renowned institutions such as ZPARK VENTURE, L.P. Fund I, and GSR Ventures (Suzhou Jinshajiang Chaohua Phase IV Venture Capital Partnership (L.P.). In 2022, Newgen also invested in LiquidMetal Ventures. Together with these partners, Newgen is committed to discovering and investing in early-stage V.C. funds with innovation and growth potential, making investments that create value for the ecosystem.

Total investments
4
Lead investments
0
Investments · 12mo
0
Active investors
0

Sector focus

  • Venture Capital
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Investment portfolio

  • BlueFox

    Participated · Series A · Jun 2017

    BlueFox.io develops a cloud-based real-time mobile customer engagement solution that requires no apps or beacon installations. The B2B platform enables brands and retailers to send targeted SMS promotions to customers as they approach stores or products. The product is positioned to drive in-store engagement and increase sales for physical retail locations. The company is led by founder and CEO Guillaume de La Tour and is based in Sunnyvale, CA. BlueFox.io closed a $7M Series A financing and intends to use the funds to further accelerate growth. No operating metrics were reported in the article.

  • NuCypher

    Participated · Seed · May 2017

    NuCypher develops encryption services based on proxy re-encryption, enabling files to be encrypted to many recipients while allowing administrators to grant and revoke access. The company launched a public testnet and has said it is nearing mainnet launch. NuCypher has adopted a token model to decentralize infrastructure: node operators will run the software, earn tokens via new emissions and network fees, and staking operators such as Bison Trails, Grassfed Networks and Staked are already running nodes. The protocol uses an initial ERC-20 token supply of 1 billion with token economics that include inflation diminishing over time as fees grow. NuCypher has also announced a WorkLock distribution (users put ETH into a smart contract to receive tokens, with ETH burned unless tokens are staked) and plans to designate roughly 250–400 million tokens for that program. To foster app development it ran a hackathon with CoinList and several MVPs are live, including Stridon, Snowden and NuBox. NuCypher builds a proxy re-encryption layer that lets enterprises process sensitive data across distributed big‑data platforms (Hadoop, Kafka, Spark) without exposing encryption keys. The team pivoted from an encrypted database to a generalized encryption SDK and library and today is launching an open‑source release. It is running pilot deployments with major banks (about six to seven pilots) and is seeing early traction in healthcare and telcos. The product integrates with hardware security modules and NIST‑standard crypto so customers can keep existing algorithms like AES‑256. NuCypher licenses its software (term‑based subscriptions and a consumption model for cloud deployments) and does not host customer data. The company is small (two founders and seven people) and plans to expand pilots into high double‑digit or low triple‑digit customers while broadening supported platforms in future.

  • Catalia Health

    Participated · Seed · May 2017

    Catalia Health is a San Francisco–based patient care management company founded in 2014 that offers an AI-powered personal healthcare companion called Mabu. The platform combines artificial intelligence, psychology and medical best practices to support patients managing chronic illnesses and to deliver daily, tailored check-ins. Mabu is deployed to help patients with conditions such as rheumatoid arthritis, late-stage kidney disease and congestive heart failure and to provide clinicians insight on adherence and patient status. Catalia positions its technology against a U.S. population of roughly 117 million people managing chronic conditions and targets improved medication adherence, symptom management and reduced readmissions. The company announced a hire for Director of Product Management to oversee the platform roadmap as it prepares clinical and commercial rollout. Catalia Health provides an AI-powered patient engagement platform that pairs proprietary conversation-generation algorithms with a social robot, Mabu, to engage patients, collect data, and support care management. The platform targets chronic-disease management and medication adherence, aiming to improve symptom management and reduce hospital readmissions. Catalia plans to build and deploy its care management system across its first three disease states and begin patient rollout in its first two disease states in early summer 2017. The company emphasizes scalable, personalized conversations to increase adherence and monitor patient health. Catalia was founded in 2014 and is based in San Francisco; Dr. Cory Kidd is CEO and founder. Financially, the company has completed a seed extension following an earlier seed round to fund product deployment and data collection. Catalia Health develops Mabu, a social robot designed to provide information and support for patients with chronic diseases such as diabetes, arthritis, cancer and heart disease. The company is pitching Mabu to healthcare providers and pharmaceutical companies to augment doctors and help manage large patient populations. Catalia has an alpha prototype in its offices and plans to scale production and deployment. The firm expects to have the first robots on the market by the end of the year and is already in discussions with several early potential customers. Founded by Cory Kidd using work that began at MIT’s Media Lab and evolved through his prior company Intuitive Automata, Catalia is positioning Mabu around engagement and the psychology of interaction. The company will use the recent financing to scale up its business.

  • codeSpark

    Participated · Seed · Sep 2016

    codeSpark develops visual, no-words web and mobile games (notably The Foos Coding) designed to teach coding to kids aged 4–9, including those who cannot yet read. Its approach emphasizes accessibility and gender-equitable characters and storylines to engage boys and girls equally. The Foos has been played by 4 million kids across 201 countries, and children have created 7 million games using Foos Studio. The company makes its games free to public schools, libraries and nonprofits while offering paid downloads for individual users and a new premium subscription, codeSpark Academy, on iOS and Android. codeSpark plans to use its seed funding to develop new curriculum, expand its international user base, and run third-party efficacy studies with academic researchers. Down the line the team is considering curriculum beyond coding basics, including entrepreneurship content.

Team

No current team members are available.