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What “Financials” Means for Early Stage Startups — A Guide for Founders
Talks about Startup, Finance and Venture Capital
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Neil Devani
Managing Partner at Necessary Ventures
Los Angeles, California
Overview
Neil Devani is the Founder and Managing Partner of Necessary Ventures, investing in sectors like Robotics and Digital Health. He has advised and invested in various companies, including Plural Energy and Recursion Pharmaceuticals, showcasing a strong track record in the venture capital industry.
With a JD from Stanford Law School, Neil has held advisory and mentorship roles at Singularity Holdings VC, Upsolve, and Alchemist Accelerator, demonstrating expertise in legal research, policy analysis, and strategic leadership within the tech and healthcare sectors.
Work Experience
Founder and Managing Partner
2020 - Current
We invest in what the world needs, primarily leading pre-seeds and also investing as a non-lead from pre-seed to pre-IPO. Necessary companies inherently have authentic and articulable missions. We help founders leverage their missions to outcompete the market for talent, capital, and attention.
Necessary Ventures focuses on investing in what the world needs.
Advisor, formerly Investor
2016
Early-stage VC, investments include Solugen, Wayve.ai, and Recursion Pharmaceuticals (NASDAQ: RXRX). Transitioned to an advisory role as I started Necessary Ventures.
Advisor
2019
The largest and leading nonprofit helping families file for bankruptcy in the United States. Upsolve is the winner of Fast Company's World Changing Ideas Award in 2019 and the New York Times Good Tech Award in 2018. Backers include Y Combinator, Eric Schmidt, Vinod Khosla, Jim Breyer, Chris Sacca, the Robin Hood Foundation, the Hewlett Foundation, Fast Forward, BlackRock, Harvard, and the U.S. Government.
Upsolve helps low-income individuals to file for bankruptcy for free.
Raised $4,524,901.00 from Bill & Melinda Gates Foundation, Harvard University, Business Today, Robin Hood Foundation, Harvard University and Yale Law School.
Advisor
2016
At Comar Law, I advise the firm on investment and corporate issues from both a company and investor perspective, especially as related to early stage financings, fund formation, and other related corporate transactions.
Advisor
2016
Working with publishers and advertisers to drive valuable content.
Media Mobilize works with great publishers & advertisers to empower & enable content creators to educate & entertain.
Advisor
2016 - 2023
A robotics company on a mission to revolutionize the way humans clean - starting with Rosie - the very first housekeeping robot for hotels.
A robotics company on a mission to bridge the gap between humans and robots - starting with Rosie - the first housekeeping robot for hotels.
Raised $50,000.00 from Reckitt, Octave Ventures LLC and Atypical Ventures.
Investor and Advisor
2015 - 2023
Build Better User Onboarding Without Coding
Chameleon is a customer relationship management software company.
Mentor
2017 - 2022
Mentoring founders of enterprise startups.
AWS Healthcare is a global healthcare accelerator.
Venture Partner
2016 - 2021
$1B+ AUM VC firm investing globally.
HOF Capital is a global multistage VC firm with $1 billion in AUM that partners with ambitious entrepreneurs from idea to IPO.
Board Director, Board Observer
2015 - 2021
($RBOT) Surgical robotics company working to provide global access to minimally invasive robotic surgery. Investors include Bill Gates, Khosla Ventures, Eric Schmidt’s Innovation Endeavors, Jerry Yang's AME Cloud Ventures, and Marc Benioff.
Vicarious Surgical is a robotics company that develops robotic systems that allow surgeons to perform minimally invasive surgery.
Raised $230,150,000.00 from Khosla Ventures, K5 Global, E15 VC, Becton Dickinson India, Sun Hung Kai & Co. Limited, Innovation Endeavors and Bill Gates.
Education
Investments
Latest Articles
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A Super Fast Overview and History of Tech VC
Talks about Venture Capital, Technology and Finance
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A Super Fast Overview and History of Tech VC: Part III
Talks about Startup, Venture Capital and Tech
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A Super Fast Overview and History of Tech VC: Part II
Talks about Venture Capital, Green Energy and Solar Energy