New Stack, LLC
Emerging managerSEC exempt reporting adviser (venture capital exemption).
- Website
- https://www.newstack.com/
- HQ
- IL
New Stack is a venture firm that says it exists to back outsider founders who did not come from the Silicon Valley insider network. Its listed portfolio includes Maestro Tech, which is building an AI-powered operating system for mortgage originators and lenders, and SparkServ, where the firm led the seed round.
01 · Says / Does
| Tag | Says | Does | Historically (to 2020) |
|---|---|---|---|
| Stages | Pre-seed, Seed | Not enough dated deals | Seed, Pre-seed |
| Sectors | AI applications, Fintech, Healthtech, Energy, Logistics, Aerospace and defense, Manufacturing, Construction and proptech | Not enough dated deals | Hardware, AI applications, Foodtech, Logistics, Cybersecurity, Edtech |
| Regions | Not stated | Not enough dated deals | IL, MA |
Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.
Historical focus (through 2020), derived from historical deal data.
| Year | Deals | Top sectors |
|---|---|---|
| 2015 | 1 | Cybersecurity, Devtools, Edtech |
| 2016 | 5 | Foodtech, Hardware, Logistics |
| 2017 | 3 | Hardware, AI applications, Biotech |
| 2018 | 5 | Hardware, AI applications, Crypto and Web3 |
| 2019 | 8 | AI applications, Hardware, Agtech |
| 2020 | 4 | Aerospace and defense, Cybersecurity, Enterprise SaaS |
Stage mix over time
- Pre-seed
- Seed
- Series A
- Series B
- Growth
| Year | Pre-seed | Seed | Series A | Series B | Growth |
|---|---|---|---|---|---|
| 2015 | 1 | 0 | 0 | 0 | 0 |
| 2016 | 1 | 4 | 0 | 0 | 0 |
| 2017 | 1 | 1 | 0 | 0 | 0 |
| 2018 | 3 | 2 | 0 | 0 | 0 |
| 2019 | 4 | 2 | 2 | 0 | 0 |
| 2020 | 0 | 2 | 0 | 1 | 0 |
| 2021 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 0 | 0 | 0 |
| 2026 | 0 | 0 | 0 | 0 | 0 |
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| New Stack III Q, L.P. | 2024 | $14.25M (Form D) | Open, writing first checks |
| New Stack II Q, LP New Stack backs outsider founders who did not come from the Silicon Valley insider network. It invests at angel, pre-seed and seed stages in vertical AI, fintech, healthcare and industrial companies. Inferred from the firm's website | 2022 | $30.95M (Form D) | Late investment period |
03 · People across funds
- NICHOLAS MORAN, MANAGER OF GENERAL PARTNER
New Stack III Q, L.P. (Named on Form D); New Stack II Q, LP (Named on Form D)
04 · Recent deals
No dated deals found yet.
05 · Latest from the firm
No news from the firm's website yet.
06 · Sources
- https://www.newstack.com/
- https://forms.gle/ZxovdyS3nCgYUcgr5
- https://www.newstack.com/blog/new-stack-ventures-leads-pre-seed-investment-in-maestro-tech
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 28, 2026