Newport Technology Fund relaunches as Neo Technology Ventures, with a renewed focus on early stage IT, Media, and Telecom technologies

October 19, 2004

2 Min Read

NORTH SYDNEY -- Venture Capital firm, Neo Technology Ventures, has launched with a new investment team and a renewed focus on its core expertise in early stage IT, Media and Telecommunications technologies. The firm, formerly known as Newport Technology Fund, is currently evaluating several investment prospects and is actively looking to attract additional seed, start up and expansion stage investment opportunities.

Joining Neo Technology Ventures are new Executive Directors, Peter Wallace and Marc Woodward. Peter brings over 20 years experience, including four years in the local Private Equity market, and was previously Executive Director of the Australasian Media and Communications Fund with more than AUD$120 million of funds under management. Marc has over a decade of experience in the venture capital, investment banking and consulting industries, both here and in the US. He was involved in guiding numerous early-stage investments while at Battery Ventures, a top-tier Silicon Valley venture fund. Prior to Neo, he was an Associate Director with the Australasian Media and Communications Fund. Peter and Marc are joining existing team members Brett Morris, who is Neo’s Chief Executive, and Jeff Yancey, who is Neo’s Chief Technology Officer and a veteran software industry entrepreneur and executive. The investment team of four are also general partners in Neo together with China Development Industrial Bank, a major investment bank headquartered in Taiwan with significant global interests, and the Disney family of the USA through their investment entity, Shamrock Capital.

Developed in response to a revitalised team and strategic direction, the new name and a new logo position Neo Technology Ventures as specialists in sometimes complex yet rewarding industry sectors. Technology entrepreneurs looking for expertise and active support can now draw on a unique and experienced team to help bring their ideas to fruition, and to develop and commercialise their businesses on the global stage. A critical ingredient to the support that Neo provides is strategic guidance with the senior team coupled with strong networking and business relationships in Asia, Europe and the US.

Brett Morris, Chief Executive of Neo Technology Ventures, said: “Since I joined the firm in 2000, we’ve experienced a profound period of global uncertainty and change in the IT, Media and Telecommunications sectors. Now, we’re experiencing a positive upturn, and our new name and new team positions us to take advantage of that.”

Neo Technology Ventures is actively seeking new deals in its areas of expertise in order to put Neo’s investor capital to work. Brett Morris: “Whether it’s an idea or an established business, my team and I have an open door policy. Our skills and investor network can really help entrepreneurs and thought leaders – not just with capital, but with a wealth of business experience, guidance and contacts.”

Neo Technology Ventures

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