The New Venture Fund is a 501(c)(3) nonprofit organization managed by Arabella Advisors, a for-profit consulting company that advises left-leaning donors and nonprofits about where to give money and serves as the hub of a politically liberal "dark money" network in the United States.
[1] The New Venture Fund serves as the fiscal sponsor for various left-leaning political projects.
"[3] According to Axios, the New Venture Fund has been "criticized for obscuring information about the scores of subsidiary groups they sponsor.
"[4] Swiss billionaire Hansjörg Wyss is a major donor to the New Venture Fund.
[5] The New Venture Fund has given money to Acronym, a partial owner of Courier Newsroom, which The New York Times described as "a network of news media outlets that was criticized by a nonpartisan disinformation watchdog for slanting coverage to favor Democrats.