# NewDo Venture

> NewDo Venture is a VC fund backing Software and Information Technology. See 41 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Palo Alto, United States
- Total investments: 41
- Last investment: Feb 2023
- Lead investor: 0%
- Fund size: $20M
- Last fund: Nov 2018
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/newdo-venture
- X (Twitter): https://www.twitter.com/newdoventure
- Website: https://newdoventure.com

NewDo Venture is a VC fund in Palo Alto focused on Software and Information Technology. NewDo devotes to help ambitious startup companies to succeed at their initial stage with our fund and other strategic resources.

## Contacts

5 contacts available for NewDo Venture. Shizune tracks 2 team members at NewDo Venture. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/newdo-venture?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 16 | 39% |
| Information Technology | 7 | 17% |
| SaaS | 6 | 15% |
| Artificial Intelligence | 5 | 12% |
| Enterprise Software | 4 | 10% |

91 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 26 | 63% |
| Series A | 4 | 10% |
| Convertible Note | 3 | 7% |
| Pre-Seed | 2 | 5% |
| Funding Round | 2 | 5% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 35 | 85% |
| United Kingdom | 1 | 2% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Keyan Li | Founding Partner | 2 | https://shizune.co/investors/profile/keyan-li-bfc5 |
| Max Ma | CTO | 0 | https://shizune.co/investors/profile/max-ma-f6f5 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Fondo | Fondo helps with bookkeeping and beyond so founders can grow their businesses with more resources. The company strives to help founders build an enduring business by taking work off of their plate, providing them with the data needed to make key business decisions, and making sure the startup is in compliance at the state and federal level. | $1.2M | Pre-Seed | Feb 13, 2023 |  |
| Entry | XIX.ai operates as a biometric identity provider for web applications.The company's product Entry is a biometric identity provider that enables users to authenticate in their favorite apps, without compromising privacy, security, and user experience. Users can sign in to their favorite web apps by face using web cameras on laptops anddesktop devices. Entry helps organizations prevent account takeover attacks, credential breaches, phishing, and password spraying attacks by using biometric authentication, as a superior alternative to a legacy MFA solutions. |  |  | Mar 21, 2021 |  |
| Entry | XIX.ai operates as a biometric identity provider for web applications.The company's product Entry is a biometric identity provider that enables users to authenticate in their favorite apps, without compromising privacy, security, and user experience. Users can sign in to their favorite web apps by face using web cameras on laptops anddesktop devices. Entry helps organizations prevent account takeover attacks, credential breaches, phishing, and password spraying attacks by using biometric authentication, as a superior alternative to a legacy MFA solutions. |  | Seed | Mar 21, 2021 |  |
| Sugar | Formerly known as Jetpack, Sugar builds community and transforms the residential experience by integrating with technology stacks that power modern buildings. Sugar's product is built in partnership with real estate investment groups and property management companies to build the most relevant features. The product works with a smart intercomdevice that allows residents to unlock both private and communal doors inside the Sugar app. Unlike other smart locks, Sugar doesn’t require any lock replacements.Their goal is to leverage technology and design thinking to deliver an amazing living experience to residents by making daily tasks and community engagement significantly easier. | $950K | Pre-Seed | Aug 01, 2019 |  |
| Mighty Buildings | Mighty Buildings is a cutting-edge construction technology company that uses 3D printing, robotics, and automation to build homes.It is a modular construction company working on disrupting the residential housing market with 3D printing tech, robotics, and composite materials backed by notable top-tier venture capital firms. The company creates aproprietary building material called Light Stone Material (LSM) which is similar to a synthetic stone that can be 3D printed, making the building process faster and with zero waste. LSM can also maintain a structure’s temperature better than concrete, wood, or steel. | $4M | Seed | Mar 01, 2019 |  |
| Firefly | Firefly is building the first mobility based Smart Screens - Smart Cities advertising and data platform that utilizes the ride share and gig economy for distribution and scale. Firefly's unique location-based, “situationally aware” software and 1st party data enable the most granular, audience-based targeting of any away from home medium onany screen type. Through the digital signages installed atop hundreds of taxis, Firefly is sending targeted ads via 4G and 4G LTE cellular transmission.Firefly was founded in 2017 and is based in San Francisco, California. | $21.5M | Seed | Dec 06, 2018 |  |
| Jerry | Jerry is an AI, ML, and bot-powered car ownership app that saves customers time and money on car expenses. With its first product, Jerry redesigned and disrupted the century-old car insurance process, turning stacks of pages and hours of calls into a handful of clicks. The company was founded in 2017 and is based in Palo Alto, California. | $9M | Series A | Oct 18, 2018 |  |
| Spellbrush | Spellbrush is a Computer Software company | $120K | Seed | Aug 05, 2018 |  |
| VENA Network | Decentralized digital asset financing and exchange network, in which everyone can process P2P cryptocurrency collateral lending and OTC trading anytime and anywhere, enabling free exchange between cryptocurrency and fiat currency. |  | Seed | Jun 01, 2018 |  |
| Basis | Basis protocol is designed to expand and contract supply similarly to the way central banks buy and sell fiscal debt to stabilize purchasing power. For this reason, we refer to Basis as having an algorithmic central bank. | $133M | Initial Coin Offering | Apr 18, 2018 |  |

10 of 41 investments shown.

## Co-investors
- [Y Combinator](https://shizune.co/investors/profile/y-combinator) — VC Fund, 8 deals together
- [Liquid 2 Ventures](https://shizune.co/investors/profile/liquid2-ventures) — VC Fund, 7 deals together
- [Pi Campus](https://shizune.co/investors/profile/pi-2) — VC Fund, 4 deals together
- [UpHonest Capital](https://shizune.co/investors/profile/uphonest-capital) — VC Fund, 4 deals together
- [Zillionize](https://shizune.co/investors/profile/zillionize) — VC Fund, 4 deals together
- [Industry Ventures](https://shizune.co/investors/profile/industry-ventures) — VC Fund, 3 deals together

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## Featured in investor lists
- [Social Investors in United States](https://shizune.co/investors/social-investors-united-states)

## FAQ

### What does NewDo Venture invest in?

NewDo Venture invests primarily in Software, Information Technology and SaaS startups, most often at Seed and Series A stage. Most of the 41 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact NewDo Venture?

Public channels for NewDo Venture include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at NewDo Venture?

The team at NewDo Venture includes Keyan Li (Founding Partner) and Max Ma (CTO). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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