NewDo Venture

NewDo Venture is a cross-border US-China early-stage venture capital firm founded in 2015 and headquartered in Palo Alto, California, with additional offices in San Mateo and New Haven and team presence in China. The firm explicitly bridges the gap between the United States and Chinese technology markets, backing 'fearless founders' through its angel and growth funds and a hands-on support infrastructure that covers HR, financial management, business process, and legal affairs across both countries. NewDo is led by Managing Partner Jingyuan Wang alongside a team of roughly eight, including six partners, one venture partner, and one principal distributed across the US and China. The firm concentrates on AI, enterprise services, healthcare, cloud computing, SaaS, mobile applications, IoT, computer vision, VR/AR, and education. It primarily writes Series A checks, with investment sizes reported up to approximately $11 million per deal. NewDo has invested in approximately 36 companies, producing 1 unicorn, 2 IPOs, and 5 acquisitions. The standout portfolio name is Rippling, the workforce management platform that NewDo backed at Series A in March 2017 — before the company reached unicorn status in 2020 and a $16.8 billion valuation by May 2025. Other portfolio companies include Lyft, which completed an IPO; BillionToOne, a genetic diagnostics company that was acquired; and ObEN, an AI-powered avatar platform. The most recent disclosed exit was Garten in April 2025. NewDo's cross-border positioning gives it a structural sourcing edge: it can identify exceptional Chinese-origin founders building globally relevant companies and connect US-founded portfolio companies with Chinese enterprise customers, manufacturing partners, and capital markets.