What stage does The Venture Capital Fund of New England invest at?

The Venture Capital Fund of New England invests at the Pre-Seed, Seed, Series A, Growth stages.

What is The Venture Capital Fund of New England's typical check size?

The Venture Capital Fund of New England typically writes checks of $500K – $1.5M.

What sectors does The Venture Capital Fund of New England focus on?

The Venture Capital Fund of New England focuses on AdTech, AI & Machine Learning, Fintech, Marketing Tech, SaaS, Sector Agnostic.

Where is The Venture Capital Fund of New England located?

The Venture Capital Fund of New England is headquartered in Wellesley Hills, US.

Does The Venture Capital Fund of New England lead rounds?

Yes, The Venture Capital Fund of New England leads investment rounds.

The Venture Capital Fund of New England

Venture capital

Wellesley Hills · Pre-Seed–Growth · 4 people tracked

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Investment thesis

The firm focuses on early-stage companies concentrated geographically in the New England region, emphasizing technology-based enterprises and direct marketing-related businesses. It seeks exceptional capital appreciation by balancing each fund with a diversity of investments. The firm operates within standard venture capital parameters, where limited liquidity and early-stage risk are offset by the potential for substantial growth in equity value. As long-term industry participants, it recognizes the importance of business cycles and views the current period as an advantageous time to invest in and help staff small companies.

Invests inAdTech AI & Machine Learning Fintech Marketing Tech SaaS Sector AgnosticUnited States

Source: firm website, verified Aug 3, 2026.

Stage

Pre-Seed–Growth

Check

$500K – $1.5M

Wellesley Hills, Massachusetts, US

Leads rounds

Leads

Instruments

Equity

Founded

1981

AUM

$75M

Tracked investments

Team · 4 people

from the firm's website

Carl H. Novotny· Managing Director

Oversees VCFNE's direct marketing-related early-stage investments and sits on the boards of several portfolio companies. He co-founded First USA Partners and Trans National Financial Services, and holds a BA from Rice University and an MBA from Harvard Business School.

c•••@vcfne.comreveal

Chad Novotny· Managing Director

Leads VCFNE's new early-stage investments, focusing on software companies in data science- and AI-driven marketing. He was previously CTO of The Support Group, Inc., and holds a BA from Amherst College and an MBA from Babson College's Olin Graduate School of Business.

c•••@vcfne.comreveal

E. Jack Stewart· Managing Director

Has over 30 years in early-stage New England venture capital, previously a partner at Corning Venture Management and founder of Kestrel Venture Management, and is a founding partner of VCFNE V. He holds a BS from Yale and an MBA from Harvard Business School.

j•••@vcfne.comreveal

Gordon R. Penman· Managing Director

A corporate attorney with over 35 years at Brown Rudnick LLP, with extensive experience in venture finance transactions. He holds a BA from The College of William and Mary and a JD from the University of Virginia Law School.

G•••@wbd-us.comreveal

Investments · 8 tracked

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Frequently asked questions

What stage does The Venture Capital Fund of New England invest at?: The Venture Capital Fund of New England invests at the Pre-Seed, Seed, Series A, Growth stages.
What is The Venture Capital Fund of New England's typical check size?: The Venture Capital Fund of New England typically writes checks of $500K – $1.5M.
What sectors does The Venture Capital Fund of New England focus on?: The Venture Capital Fund of New England focuses on AdTech, AI & Machine Learning, Fintech, Marketing Tech, SaaS, Sector Agnostic.
Where is The Venture Capital Fund of New England located?: The Venture Capital Fund of New England is headquartered in Wellesley Hills, US.
Does The Venture Capital Fund of New England lead rounds?: Yes, The Venture Capital Fund of New England leads investment rounds.

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