New Legacy Ventures

New Legacy Ventures is part of New Legacy Group, a multifaceted investment firm established in 2007. The firm operates across several key business lines, including direct investments, public equities, multi-family office services, and a fund platform. They are known for bringing fresh thinking and creative discipline to their investments, backing opportunities with the potential to reshape industries and deliver exceptional results. New Legacy Group manages $1.4 billion in assets as of February 2026.

The firm's direct investment arm, New Legacy Ventures, deploys venture and growth capital to visionary entrepreneurs, particularly those building the future of technology and beyond. They invest across various industries and stages, championing founders who identify uncommon opportunities. Beyond capital, New Legacy provides a robust network to support the growth of its portfolio companies. Their public equities strategy focuses on companies with durable competitive advantages and those that may be temporarily undervalued due to short-term factors. An affiliate healthcare firm, founded in 2015, specifically targets breakthrough innovations in medicine.

New Legacy Group was founded in 2007 by Joe Weilgus, who serves as the Founder & CEO. The firm's co-founder and Senior Advisor is Adam Geiger. The team comprises experienced professionals with diverse backgrounds in finance, tech investing, wealth management, and compliance. For instance, Dr. Alex Wong is a Partner at New Legacy Opportunity Fund with over 20 years in tech investing, while David Harris is the Chief Investment Officer for New Legacy Asset Management, having previously held senior roles at Rockefeller Asset Management.

New Legacy Ventures has been active in recent investments, including being a strategic backer in AMI Labs' $1.03 billion funding round in March 2026, which focuses on advanced machine intelligence. Other notable investments by New Legacy Ventures include OpenLight, Urban Sky, and Anello, spanning industries such as application-specific semiconductors, aerospace and defense, and electronic equipment and instruments.