About This Fund
NewView Capital Fund III (NVC III) is the third flagship fund raised by NewView Capital, a Burlingame, California-based venture capital firm specializing in growth-stage investments in enterprise technology and consumer internet companies. NewView Capital was founded in 2018 by Ravi Viswanathan after acquiring 31 companies from NEA via a landmark portfolio acquisition, and has since built a distinctive platform that combines primary venture investment with secondary portfolio acquisition capabilities. The firm manages over $3 billion in total assets under management across its fund family.
NVC III focuses on mid- to growth-stage investment opportunities, with a thematic emphasis on business-to-business software-as-a-service (B2B SaaS), financial technology, consumer internet, and artificial intelligence. The fund invests through a combination of primary lead and co-investment rounds, and opportunistic secondary purchases of high-conviction growth companies approaching IPO or acquisition. This hybrid primary-secondary approach, which is core to NewView's differentiated strategy, allows the fund to build concentrated positions in industry-defining companies at multiple stages of their growth journey.
NVC III's portfolio includes investments in high-profile companies such as Databricks — a leading data and AI platform — as well as Legora and Coralogix, with the fund's latest investment activity recorded through August 2024. NVC III builds on prior NewView vehicles: NVC Fund I ($1.35 billion, 2018) and NVC Fund II (part of the $544 million raised in February 2022 alongside Special Opportunities Fund I). The firm's unique acquisition-first founding model has positioned NewView Capital as one of the more distinctive growth-stage venture firms in Silicon Valley, with a portfolio construction approach that blends venture fundamentals with private equity-style portfolio management discipline.