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News and Information Article
Newman Brings 20 Years of Technology and Investment Expertise to NeoCarta
Ventures, a Leading Venture Firm Investing in the Media, Software and
Communications Sectors
SAN FRANCISCO, Nov. 3 // -- NeoCarta Ventures, a $300 million
venture capital firm that invests in early and mid-stage technology
companies, announced today that Barry A. Newman has joined the firm as a
Venture Partner.
Drawing from his exceptional technology advisory and investment
expertise, Newman will help manage NeoCartas current portfolio and pursue
new investment opportunities for the firm. Newman led NeoCartas recent
investment in Handango, the worlds leading provider of smartphone content.
"Barry Newman brings more than two decades of experience as an
executive, advisor and investment banker guiding corporate investment and
growth strategies," said Tony Pantuso, Managing Director of NeoCarta
Ventures. "He will be an invaluable asset in helping our existing and
future portfolio companies in choosing a path to ultimate success."
Newman joins NeoCarta Ventures after several years as an investor and
advisor to emerging growth companies; he had previously been with Bear
Stearns, where he was a Senior Managing Director and Vice Chairman of the
Technology Group. Prior to Bear Stearns, Newman served as the Head of
Global Technology Corporate and Investment Banking for Banc of America
Securities and its predecessor Nationsbanc Montgomery Securities and as the
head of Global Technology Corporate finance at Salomon Brothers and Salomon
Smith Barney. Newman was a principal and served as CFO of Anthem Partners,
a boutique merchant bank. Newman has served as CEO and CFO of several
privately held financial services and manufacturing organizations.
Newman received a Master of Laws (Taxation) from New York University
Law School and received a JD from Stanford Law School and an MBA from the
Stanford Graduate School of Business. He received Bachelor of Science
degrees in both Chemical Engineering and Life Sciences from the
Massachusetts Institute of Technology.
"I look forward to helping NeoCarta continue to grow its portfolio of
technology company winners in the years ahead," Newman said. "This firm has
a great team and a great portfolio and I am eager to play a role in helping
the firm and its companies grow in the coming years."
About NeoCarta Ventures
NeoCarta Ventures is a leading venture capital firm specializing in
early to mid-stage technology investments. The firm focuses on investments
in IT infrastructure, software, hardware, networking, media and wireless.
With offices in San Francisco and Boston, NeoCarta partners backgrounds
include senior investment experience with outstanding track records at GE
Capital, Thompson and NBC. NeoCarta works closely with entrepreneurs and
actively adds value by providing strategic guidance, team-building skills,
industry knowledge and operating expertise. With NeoCartas unique mix of
financial, operational and technical expertise, the firm is able to add
value at all stages in a companys development. NeoCartas website address
is: http://www.neocarta.com .
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