New System Ventures
New System Ventures last closed a fund in April 2023 — 43 months ago.
1 fund on record — a rhythm needs three. No month is guessed; the filing will say.
Late-cycle This firm is deep enough into its last fund that a new one would not be a surprise.
Still filing with the SEC: February 2026. That is an amendment to an existing offering, not a new fund - which is what an evergreen structure looks like in this data.
- Funds on file
- 1
- Single-deal SPVs
- 2
- Capital raised
- $30M
- Latest close
- April 2023
- Based in
- NY, WA
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| New System Ventures Fund I, LP | April 2023 | $30M | 0001972137 ↗ |
| RE-0210 Fund I, a series of New System Ventures Funds, LP | March 2023 | $287,500 | 0001971476 ↗ |
| TU-0209 Fund I, a series of New System Ventures Funds, LP | March 2023 | $509,810 | 0001970865 ↗ |
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
Named on filings
Ian Samuels
What New System Ventures invests in
- Typical fund
- $30M median, seed to early stage
- Website
- newsystemventures.com
Service providers
- Fund administrator
- AngelList (Belltower) (2 funds), Aduro (1 fund)
- Auditor
- Not on file
From Form ADV filed by PLATFORM ADVISOR, LLC CRD 167700 ↗, latest filing June 2026, covering 3 funds linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.