About Next Play Capital
Next Play Capital is a venture capital firm founded in 2014. It is primarily based out of Redwood City, United States. As of May 2023, Next Play Capital has invested in 52 companies. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Retail. Most recently it participated in the $***** Series C round of La Haus Overall, Next Play Capital portfolio has seen 11 unicorns, 12 IPOs and 11 acquisitions including key companies like Coinbase, Carta and Lime. A lot of funds co-invest with Next Play Capital, with names like SoftBank Vision Fund sharing a substantial percentage of its portfolio. Next Play Capital has team of 7 people including 6 partners.Key Metrics
Next Play Capital's List of Top Investments
Next Play Capital has a portfolio of 52 companies, including 11 unicorns. Their most notable investments are in Welcome Technologies and NorthOne.Their portfolio spans across United States, Canada, China and 2 more locations. They have invested in Enterprise Applications, High Tech, Retail and 24 other sectors, across stages such as Series C, Series B and 2 more. Here is the list of top investments by Next Play Capital:
1. Coinbase
Online platform for crypto portfolio. It offers solutions for consumers such as regular trading platforms, wallets for storing cryptocurrencies, crypto exchanges, USD-backed stable coins, and more. It also provides solutions for businesses such as custodian services, crypto-based payment acceptance solutions, and more.
Key facts about Coinbase
- Founded Year: 2012
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $547M
- Employee Count: 7,257 as on Jul 31, 2026
- Investors: Intel, 2020 Ventures and 147 Others
- Latest Funding Round: Post IPO, Aug 13, 2021, $*****
- Highlight: Public
2. Carta
Software-based equity management solutions. It offers features solutions for valuation, equity planning, transfer agents, electronic securities, scenario modeling, fund administration, portfolio data collection, and more. It offers solutions to multiple sectors including private companies, investors, and public companies. It also offers ESOP management solutions.
Key facts about Carta
- Founded Year: 2012
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $1.16B
- Employee Count: 2,356 as on Jul 31, 2026
- Investors: Meritech, Silver Lake and 137 Others
- Latest Funding Round: Series G, Aug 13, 2021, $*****
- Highlight: Editors' Pick
3. Lime
App-based rental platform providing self-drive electric kick-scooter. The platform enables users to find the nearest available scooter and start the ride by scanning their QR code or access code. Users should provide rider details, payment details, location, and more for book the scooter. It offers features like variant payment options, and more. At the end of the ride, users can park the vehicle at their legal locations. Their mobile app is available for Android and iOS devices
Key facts about Lime
- Founded Year: 2017
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $1.71B
- Employee Count: 2,761 as on Jul 31, 2026
- Investors: Meritech, Star Tech NG and 99 Others
- Latest Funding Round: Series D, Jul 04, 2022, $*****
- Highlight: Public
4. Chime
Digital bank for individuals. Its services include debit cards, savings account, money transfers, cash withdrawals, online/offline payments, check deposits, and more. It also offers transaction and balance alerts. The application is available on iOS and Android devices.
Key facts about Chime
- Founded Year: 2012
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $3.15B
- Employee Count: 2,485 as on Jul 31, 2026
- Investors: equitywestsecurities.com, Citdex and 57 Others
- Latest Funding Round: Series F, Aug 06, 2021, $*****
- Highlight: Public
5. Oculus
Provider of VR-based head-mounted displays. It offers head-mounted devices for the gaming VR experience that has to be connected to the computer or smartphone. Its features include an integrable mobile app, LCD, built-in storage, gesture controls, and more.
Key facts about Oculus
- Founded Year: 2012
- Location: Menlo Park (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $107M
- Employee Count: 404 as on Jul 31, 2026
- Investors: TrueBridge, Spark Capital and 11 Others
- Latest Funding Round: Series B, Aug 04, 2022, $*****
- Highlight: Acquired
Next Play Capital's Year-on-Year Investment Trends
Next Play Capital has invested in 52 companies over the last 8 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in La Haus and most recent follow-on round was in Kitopi.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 4 | 2 | 6 |
2021 | 4 | 2 | 6 |
2020 | 0 | 0 | 0 |
2019 | 3 | 0 | 3 |
2018 | 1 | 0 | 1 |
Next Play Capital's Investments by Stage
Next Play Capital has made 6 investments in Series C stage with an average round size of $120M, 4 investments in Series B stage with an average round size of $40M, 2 investments in Series A stage with an average round size of $15.2M and 1 investment in Series D stage with an average round size of $157M.Stage of entry | No. of Investments |
|---|---|
Series C | 6 |
Series B | 4 |
Series A | 2 |
Series D | 1 |
Note: We have considered here, only first round of investments
Next Play Capital's Investments by Sector
Next Play Capital has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Consumer, High Tech and Artificial Intelligence - Industry Applications. Notably, it has invested in 45 Tech companies, 28 Enterprise (B2B) companies, 27 Software companies and at least 22 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 5 |
FinTech | 5 |
Consumer | 3 |
High Tech | 2 |
Artificial Intelligence - Industry Applications | 1 |
Others | 12 |
Note: We have considered here, only first round of investments
Next Play Capital's Investments by Geography
Next Play Capital has made most investments in United States (11), followed by Canada where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 11 |
Canada | 1 |
Colombia | 1 |
United Arab Emirates | 1 |
Note: We have considered here, only first round of investments
Next Play Capital's recent investments
Next Play Capital has not made any investment in 2026 so far.Here are the most recent investments by Next Play Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 26, 2023 | Colombia | Series C | 3588 | [+4] | |
Oct 13, 2022 | Canada | Series B | 1091 | [+10] | |
Aug 10, 2022 | United States | Series B | 4192 | [+8] | |
May 26, 2022 | United States | Series C | 4460 | [+11] | |
May 12, 2022 | United Arab Emirates | Series C | 2665 | [+5] |
Unicorns in Next Play Capital's Portfolio
Next Play Capital has 11 unicorns in its portfolio - Motive, Varo, LaunchDarkly and others. The most recent unicorn in their portfolio is Motive. It became a unicorn in 2022, 4 years before Next Play Capital first invested in it.Here is a list of unicorns in Next Play Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
77 | Developer of fleet management software and hardware for vehicle tracking | 2013 | San Francisco | Series F | emvoyin | ||
74 | Digital bank for individuals | 2015 | San Francisco | Series G | szaixjy | ||
74 | Provider of platform for feature flags, experimentation, and AI configuration | 2014 | Oakland | Series D | ytfkcnn | ||
71 | Provider of a cloud-based network of food delivery businesses | 2018 | Dubai | Series C | svtz{du | ||
72 | Provider of smart home gym equipment and personalized workout programs | 2015 | San Francisco | Series E | fqdirq{ |
IPOs and Publicly Listed companies in Next Play Capital's Portfolio
12 of Next Play Capital's portfolio companies have become public. Lime got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jul 2026 at marketcap of $1.6B and StubHub got listed on the New York Stock Exchange (NYSE) at marketcap of $8.06B.Here are Next Play Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 01, 2026 | - | - | 6047 | |
Sep 17, 2025 | - | - | 5102 | |
Jun 12, 2025 | - | - | 4838 | |
Dec 12, 2024 | - | - | 5980 | |
Apr 25, 2024 | - | - | 9414 |
Acquired companies in Next Play Capital's Portfolio
11 companies from Next Play Capital's portfolio have been acquired. The most recent acquisition was Step in Feb 2026 by MrBeast for $*****.Here are Next Play Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 09, 2026 | Jun 06, 2019 | Series A | 4370 | |
Dec 02, 2024 | - | - | 6144 | |
Jan 08, 2023 | - | - | 8031 | |
Jan 17, 2022 | - | - | 1946 | |
Apr 04, 2020 | - | - | 6099 |
Team profile of Next Play Capital
Next Play Capital has a team of 7 members including 6 Partners located in United States. Next Play Capital's team does not sit on the board of any company as of now.Here is a list of all team members in Next Play Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Diego | - | - | |
Partner | Los Angeles | - | - | |
Partner | San Francisco | - | ||
Partner | Los Gatos | - | - | |
Partner | Irvine | - | ||
Partner | Los Angeles | - | - |
Co-investors of Next Play Capital
Over the past 8 years, 212 investors have co-invested in Next Play Capital's portfolio companies. This includes funds and angels.
- Invested before Next Play Capital: Endeavor, Bessemer Venture Partners and 100 others have invested in rounds before Next Play Capital. There are 2 companies where Endeavor has invested before Next Play Capital and 2 companies where Bessemer Venture Partners has invested before Next Play Capital.
- Top Co-investors of Next Play Capital: 64 investors entered a company along with Next Play Capital. These include investors like SoftBank Vision Fund (2 companies).
- Invested after Next Play Capital: A total of 46 investors have invested in Next Play Capital's portfolio after their investments. Top Investors include TriplePoint Capital (1 company), Evolve Bank and Trust (1 company) and General Catalyst (1 company).
Recent News related to Next Play Capital
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NorthOne Raises $67M to be the Go-To Digital Banking Solution for Small BusinessesAlleyWatch•Oct 26, 2022•NorthOne, Battery Ventures, Ferst Capital Partners, FinTLV and 4 others
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Next Play Capital Closes Oversubscribed Fund III at $200MBusiness Wire•Oct 13, 2022•Next Play Capital
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NorthOne Announces $67 Million Series B RoundGlobeNewswire•Oct 13, 2022•Tencent, Redpoint Ventures, NorthOne, Battery Ventures and 9 others
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Nightfall AI Raises $40M in Series B FundingFinSMEs•Aug 10, 2022•Nightfall, WestBridge Capital, Next Play Capital, Bain Capital Ventures and 2 others
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Gametime Secures $30M in FundingFinSMEs•May 26, 2022•Gametime, Nimble Partners, Maven Ventures, Accel and 16 others
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Kitopi raises $300 Million Series C round extensionexplode.africa•May 13, 2022•Kitopi, SoftBank Vision Fund, Chimera, Dogus Group and 1 other
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Welcome Tech Secures $30M in New Funding, Expands Board of Directors, Exec TeamCrowdfund Insider•Apr 15, 2022•WelcomeTech, TTV Capital, Owl Ventures, Open Opportunity Fund and 4 others
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Kitopi announces $415 million Series C funding roundKitopi•Mar 01, 2022•Kitopi, SoftBank Vision Fund, Chimera, DisruptAD and 4 others
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Babylist Raises $40M in Series C FundingFinSMEs•Nov 04, 2021•Babylist, Norwest Venture Partners, Halogen Ventures, 500 Global and 2 others
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Dubai cloud kitchen Kitopi raises $415 mln from investors including SoftBankFinancial Post•Jul 01, 2021•Kitopi, SoftBank, Nordstaruk, Next Play Capital and 7 others
