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Allonic, a Budapest-based robotics hardware startup pioneering automated manufacturing methods for complex robot bodies, has raised $7.2 million in a record-setting pre-seed funding round reportedly the largest pre-seed investment ever completed in Hungary. The capital will support scaling its 3D Tissue Braiding platform, accelerate product development, expand engineering teams and deepen early commercial deployments in electronics and advanced manufacturing sectors. Visionaries at research institutions and robotics pioneers are backing this effort to rethink how future robots are built. The funding round was led by Visionaries Club, with participation from Day One Capital, Prototype Capital, SDAC Ventures and TinyVC. The round also featured a strong roster of angels and strategic backers including OpenAI, Hugging Face, ETH Zurich, and Northwestern University, highlighting broad confidence from both venture and research communities in Allonic’s disruptive manufacturing infrastructure approach. Allonic applies its proprietary 3D Tissue Braiding technology to automate the fabrication of robotic limbs, joints, sensors and integrated structural elements in a continuous process- weaving mechanical, electrical and sensing components into unified robotic bodies rather than assembling hundreds of discrete parts. This innovative approach aims to reduce manufacturing complexity, cost and iteration time, enabling fast turnaround from digital design to physical robot hardware.
6 hours ago|by Team S
Masna Ventures, a Saudi Arabia-based venture capital firm focused on strategic sectors, has launched a $100 million VC fund dedicated to defense, aerospace and national security technologies, signaling increased regional investment in advanced technology and sovereign innovation priorities. The new fund aims to support early- and growth-stage companies developing capabilities in autonomous systems, secure communications, advanced materials, AI-enabled defense solutions, and dual-use technologies that strengthen national and allied security postures. The fund will collaborate with strategic partners across government, sovereign investment arms and defence industrial organisations to channel capital into ventures that can accelerate technological self-reliance and innovation ecosystems in the Kingdom of Saudi Arabia and broader Gulf Cooperation Council (GCC). Masna Ventures plans to deploy capital through direct investments, co-investments with institutional partners, and tailored growth programmes that equip founders with technical, regulatory and global commercialisation support.By concentrating on next-generation defence technologies, the fund seeks to bridge gaps between innovative startups and large defence-industrial systems integrators, fostering commercialisation pathways from concept to deployment. Masna’s strategy reflects wider regional ambitions including Saudi Vision 2030 to develop indigenous high-tech capabilities and reduce dependency on traditional imports by empowering local entrepreneurial ecosystems with deep strategic capital.
a day ago|by Team S
Rara Factory, a deep-tech spin-off from Ca’ Foscari University of Venice that combines physics-driven experimentation with artificial intelligence to innovate new materials as alternatives to rare earths, has successfully closed a €3.2 million seed funding round. The freshly raised capital will enable the company to invest in advanced laboratory infrastructure and scale experimental platforms that accelerate discovery of materials for strategic industrial sectors like energy, mobility and aerospace. This seed round was led by Primo Capital through its Primo Climate fund and CDP Venture Capital through its Accelerators Fund, with participation from a group of business angels led by Alberto Baban, president of Fondazione Nord Est. The funding supports Rara Factory’s proprietary platform which synthesizes and characterizes new materials at high throughput and feeds real experimental datasets into AI models helping to shorten innovation cycles from years to days while strengthening industrial competitiveness and strategic supply independence. The technology’s unique blend of experimental physics and machine learning places Rara Factory at the forefront of next-generation materials discovery, as demand grows for alternatives to critical raw materials with complex extraction and supply-chain challenges. The new capital will accelerate technology validation, deepen industrial partnerships, and expand commercial applications of the company’s discoveries across European and global markets.
2 days ago|by Team S
Abu Dhabi-based investment firm Shorooq has launched a $200 million late-stage growth fund under its Qatalyst Series to address a critical gap in capital available for scaling tech companies and preparing them for public markets. The firm unveiled the new fund at Web Summit Qatar 2026, where it confirmed that the Qatar Investment Authority (QIA) is backing the initiative alongside other sovereign and institutional partners from the Gulf Cooperation Council (GCC) and Asia. The Qatalyst Fund is designed to provide patient, long-duration capital to companies that have already achieved strong fundamentals and are nearing expansion or pre-IPO stages particularly in sectors such as fintech infrastructure, software, artificial intelligence and other mission-critical verticals across the Middle East and North Africa (MENA). This structured financing aims to help promising scale-ups professionalize, build governance maturity and prepare for listings or sustained global growth. Shorooq was founded in 2017 and has grown into a multi-strategy investment platform spanning venture capital, credit, private equity and real assets. The launch of the Qatalyst Series reinforces Shorooq’s full-stack model of supporting founders across the entire capital journey from early stages to large growth and eventual public market execution pairing capital with hands-on value creation. With this fund and its growing roster of institutional partners, Shorooq is positioned to play a major role in institutionalizing late-stage capital across the GCC.
3 days ago|by Team S
MeetsMore, a Tokyo-based SaaS provider that supports online customer acquisition, order management, and efficiency tools for service-oriented businesses, has secured a strategic investment from SMBC Edge as part of its Series B financing round. The funding will help the company enhance its digital solutions including quote comparison, field service workflows, and corporate procurement systems and expand adoption nationally among service industry firms. The investment reflects confidence in MeetsMore’s ability to drive productivity improvements for platforms serving plumbers, cleaners, movers, and other contractors. SMBC Edge a venture and business development subsidiary of Sumitomo Mitsui Banking Corporation (SMBC) created to support startup growth through capital and hands-on business development has deployed capital to a select group of high-impact Japanese startups, including MeetsMore, as part of its initial investment cohort from SMBC Edge Fund I, L.P.. Alongside MeetsMore, the fund also supports companies such as BALLAS, Interstellar Technologies, MW, and VALANCE, targeting innovation in productivity, space tech, materials, and infrastructure domains. MeetsMore’s platform aims to address labor-intensive challenges faced by service businesses by streamlining quote comparisons and enabling seamless order management through digital channels. This investment will accelerate product enhancements, strengthen integration with financial institutions and enterprise partners, and fuel further business development initiatives across Japan’s rapidly digitizing service economy.
3 days ago|by Team S
Duna, a fintech startup building embedded banking and financial infrastructure for small businesses, has announced the successful close of a $30 million Series A funding round to scale its platform and broaden its product offerings. The company’s mission is to provide modern banking, payment, and financial tools that help small and medium-sized enterprises (SMBs) access services traditionally available only to larger organizations, improving cash flow management and operational efficiency. The Series A round was co-led by Accel and Flourish Ventures, with participation from existing and new investors including Clocktower Ventures, Fruit Street Ventures, Worth Capital, and First Check Ventures. The financing will be used to grow Duna’s engineering, product, and partnerships teams as the company deepens integrations with banks, payment networks, and software platforms that serve the SMB segment. Investors highlighted confidence in Duna’s ability to deliver compliant, flexible financial infrastructure that supports SMB growth and digital transformation across underserved markets.Duna’s embedded banking APIs and digital wallet technology enable fintechs, neobanks, and platforms to offer tailored financial experiences such as instant payouts, automated reconciliation, and multi-entity account structures. With this funding, Duna aims to accelerate its roadmap for new product capabilities, expand into additional geographies and verticals, and further support SMBs seeking modern financial services without costly implementation barriers.
6 days ago|by Team S
Fundamental, a provider of AI-powered growth and monetization tools for SaaS companies, has secured $255 million in new funding in a round led by existing and strategic investors to accelerate product innovation and global expansion. The company’s platform blends data analytics, AI forecasting, and revenue operations automation to help SaaS companies enhance churn prediction, customer engagement and growth-oriented decision making.The funding round was co-led by General Catalyst and Felicis Ventures, with major participation from Tiger Global Management, Sequoia Capital, Accel, Sapphire Ventures, Bain Capital Ventures, OpenView Venture Partners, and Next Coast Ventures. This broad syndicate illustrates strong investor belief in Fundamental’s approach to embedding AI deeply into revenue growth stacks and expanding its footprint into new industry verticals. The fresh capital will support scaling of its generative AI offerings, expansion of go-to-market teams, and deeper integration with leading CRM and business intelligence platforms.With this new financing, Fundamental aims to broaden its customer base, enhance its AI modules that power predictive models and automated insights, and strengthen enterprise partnerships in North America and Europe. The company’s suite of tools is increasingly seen as a competitive advantage for SaaS businesses seeking to automate growth functions and deliver real-time actionable intelligence across product, sales and marketing teams.
6 days ago|by Team S
Angitia Biopharmaceuticals, a clinical-stage biotech developing novel therapies for serious skeletal diseases, has raised $130 million in a Series D financing round its second megafundraise in just 14 months.The capital will support the advancement of the company’s pipeline of bone-building candidates including bispecific antibodies targeting key regulators of bone formation and resorption, with multiple programs progressing into Phase 2 and Phase 3 clinical studies. This Series D round saw Frazier Life Sciences and Venrock Healthcare Capital Partners co-lead the financing, bringing substantial institutional backing to Angitia’s musculoskeletal disease strategy. Participation also came from Ascenta Capital, BVF Partners, Logos Capital, RA Capital Management, and Wellington Management, alongside returning supporters such as Bain Capital Life Sciences, Elikon Venture, Janus Henderson Investors, 3H Health Investment, Hillhouse Investment, Legend Capital, Morningside Group, OrbiMed, TF Capital and Yonghua Capital. The funds will be applied to further clinical expansion of flagship programs, including a recombinant BMP-6 candidate and bispecifics designed to enhance bone mineral density and tackle conditions like osteoporosis and osteogenesis imperfecta. Angitia’s pipeline is led by AGA111, currently in Phase 3 for spinal fusion patients, while AGA2118 and AGA2115 bispecific antibodies targeting sclerostin and DKK1 regulators of Wnt signaling are advancing through Phase 2 studies. The dual-target approach could offer significant improvements over existing osteoporosis treatments by both promoting bone formation and reducing bone loss.
6 days ago|by Team S
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