About NEXT VENTURES
NEXT VENTURES is a venture capital firm founded in 2018. It is primarily based out of San Francisco, United States. As of Dec 2025, NEXT VENTURES is an active investor, having invested in 18 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Consumer to Retail and High Tech. Most recently it participated in the $***** Series A round of Trial Library Overall, NEXT VENTURES portfolio has seen 1 unicorn and 3 acquisitions including key companies like Oura, SteadyMD and Hammerhead. A lot of funds co-invest with NEXT VENTURES, with names like Lux Capital sharing a substantial percentage of its portfolio. NEXT VENTURES has team of 9 people including 2 partners.Key Metrics
Team Members
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Acquisitions
Portfolio Unicorns
Deals in last 12 months
NEXT VENTURES's List of Top Investments
NEXT VENTURES has a portfolio of 18 companies, one of which is a Unicorn. Their most notable investments are in Testmate and Trial Library.Their portfolio spans across United States, United Kingdom, Canada and 2 more locations. They have invested in Consumer, Retail, High Tech and 12 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by NEXT VENTURES:1. Oura
Developer of a smart ring for sleep, fitness, stress, and health. The ring collects personal health metrics and insights through biometric readings. It focuses on wellness, longevity, activity, fitness, heart health, women's health, and stress management. The device is designed for comfortable, continuous wear to provide data-driven health awareness.
Key facts about Oura
- Founded Year: 2013
- Location: Oulu (Finland)
- Annual Revenue: €100M - €500M as on Sep 30, 2024
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $1.32B
- Employee Count: 1,598 as on Aug 31, 2026
- Investors: Goldman Sachs, Fidelity Investments and 71 Others
- Latest Funding Round: Series E, Jul 17, 2026, $*****
- Highlight: Editors' Pick
2. Outside
Provider of sports, recreation, and fitness and nutrition services. It offers a monthly subscription service called Outside+ for bundled access to several of its websites, use of its mobile application navigation services, online courses, magazines, television production, event discounts, and sports training programs.
Key facts about Outside
- Founded Year: 2017
- Location: Boulder (United States)
- Stage: Series B
- Total Funding till date: $169M
- Employee Count: 796 as on May 31, 2026
- Investors: Progress Ventures, Vector Capital and 6 Others
- Latest Funding Round: Conventional Debt, Aug 04, 2026, $*****
- Highlight: Editors' Pick
3. wamo
Cross-border money transfer platform for businesses. Provides platform to send and receive local and international payments with virtual and physical debit cards, and payment links to accept money from consumers.
Key facts about wamo
- Founded Year: 2018
- Location: London (United Kingdom)
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $19.7M
- Employee Count: 128 as on Aug 31, 2026
- Investors: Finberg, NEXT VENTURES and 13 Others
- Latest Funding Round: Series A, Apr 14, 2026, $*****
- Highlight: Editors' Pick
4. SteadyMD
SteadyMD is a telemedicine platform that aims to provide concierge primary care services to users via chat, video, or phone call. The company promises a dedicated doctor who gets to know the patient closely and becomes a personal medical advisor. In addition, the platform stores all the data on consultations and provides a place for users to store information on weight, blood pressure, and other vitals.
Key facts about SteadyMD
- Founded Year: 2016
- Location: St. Louis (United States)
- Stage: Acquired
- Total Funding till date: $39.5M
- Employee Count: 175 as on Aug 31, 2026
- Investors: Pelion Venture Partners, AmerisourceBergen and 18 Others
- Latest Funding Round: Series C, May 08, 2023, $*****
- Highlight: Acquired
5. Hammerhead
Hammerhead is a provider of smart bike navigation systems. It offers a tool that guides cyclists to & through the safest & bike routes with intuitive light patterns. Their app drives the device via Bluetooth from a safely stowed smartphone. The device works well with a smartphone connected to the internet for the route search. The device can also be used to share new routes and locations.
Key facts about Hammerhead
- Founded Year: 2012
- Location: New York City (United States)
- Stage: Acquired
- Total Funding till date: $18.3M
- Employee Count: 59 as on Aug 31, 2026
- Investors: Hard Yaka, NEXT VENTURES and 14 Others
- Latest Funding Round: Angel, May 26, 2021, $*****
- Highlight: Acquired
NEXT VENTURES's Year-on-Year Investment Trends
NEXT VENTURES has invested in 18 companies over the last 7 years, with an average of 1 new investment annually in the last 5 years. In 2025, it made 2 investments. Its most recent first time investment was in Trial Library and most recent follow-on round was in Outside.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 2 | 0 | 2 |
2024 | 1 | 0 | 1 |
2023 | 0 | 0 | 0 |
2022 | 1 | 0 | 1 |
2021 | 5 | 1 | 6 |
2020 | 1 | 0 | 1 |
2019 | 3 | 0 | 3 |
NEXT VENTURES's Investments by Stage
NEXT VENTURES has made 7 investments in Seed stage with an average round size of $2.96M, 4 investments in Series A stage with an average round size of $13.6M and 2 investments in Series B stage with an average round size of $64M.Stage of entry | No. of Investments |
|---|---|
Seed | 7 |
Series A | 4 |
Series B | 2 |
Note: We have considered here, only first round of investments
NEXT VENTURES's Investments by Sector
NEXT VENTURES has a diverse portfolio, with companies operating in the HealthTech, Consumer, Healthcare, Retail and Auto Tech. Notably, it has invested in 14 Tech companies, 11 Consumer (B2C) companies, 7 Software companies and at least 5 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
HealthTech | 4 |
Consumer | 3 |
Healthcare | 3 |
Retail | 2 |
Auto Tech | 1 |
Others | 7 |
Note: We have considered here, only first round of investments
NEXT VENTURES's Investments by Geography
NEXT VENTURES has made most investments in United States (10), followed by Canada where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 10 |
Canada | 1 |
Switzerland | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
NEXT VENTURES's recent investments
NEXT VENTURES has not made any investment in 2026 so far.Here are the most recent investments by NEXT VENTURES:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 02, 2025 | United States | Series A | 3133 | [+5] | |
Sep 08, 2025 | United States | Seed | 6122 | - | |
Dec 18, 2024 | United States | Series A | 7669 | [+5] | |
Aug 08, 2022 | United States | Series A | 3083 | [+10] | |
Oct 21, 2021 | Switzerland | Seed | 5259 | [+4] |
Unicorns in NEXT VENTURES's Portfolio
NEXT VENTURES has 1 unicorn in its portfolio - Oura. The most recent unicorn in their portfolio is Oura which became a unicorn in 2022, 4 years before NEXT VENTURES first invested in it.Here is a list of unicorns in NEXT VENTURES's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
79 | Developer of a smart ring for sleep, fitness, stress, and health | 2013 | Oulu | Series E | zvcowct |
Acquired companies in NEXT VENTURES's Portfolio
3 companies from NEXT VENTURES's portfolio have been acquired. The most recent acquisition was SteadyMD in Oct 2025 by DocGo for $*****.Here are NEXT VENTURES's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 21, 2025 | Mar 30, 2021 | Series B | 6281 | |
Jan 19, 2022 | Mar 07, 2019 | Seed | 2228 | |
Apr 15, 2021 | Jan 16, 2019 | Seed | 1605 |
Team profile of NEXT VENTURES
NEXT VENTURES has a team of 9 members including 2 Partners and 1 Principal located in United States. NEXT VENTURES's team does not sit on the board of any company as of now.Here is a list of all team members in NEXT VENTURES:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Hood River | - | - | |
Partner | San Francisco | - | ||
Principal | - | - | - |
Co-investors of NEXT VENTURES
Over the past 7 years, 99 investors have co-invested in NEXT VENTURES's portfolio companies. This includes funds and angels.
- Invested before NEXT VENTURES: Pelion Venture Partners, Next Ventures and 26 others have invested in rounds before NEXT VENTURES. There is 1 company where Pelion Venture Partners has invested before NEXT VENTURES and 1 company where Next Ventures has invested before NEXT VENTURES.
- Top Co-investors of NEXT VENTURES: 50 investors entered a company along with NEXT VENTURES. These include investors like Lux Capital (2 companies).
- Invested after NEXT VENTURES: A total of 21 investors have invested in NEXT VENTURES's portfolio after their investments. Top Investors include Sequoia Heritage (1 company), Vector Capital (1 company) and AmerisourceBergen (1 company).
Recent News related to NEXT VENTURES
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Aligator Raises $1.2M Seed Funding to Expand Autonomous PR PlatformThe SaaS News•Oct 01, 2026•NEXT VENTURES, Aligator, Qatar Development Bank, NEXT Ventures
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Trial Library Secures $10M Series A to Expand Clinical Trial Matching to InsurersEndpoints•Dec 02, 2025•Trial Library, Overwater Ventures, How Women Invest, SemperVirens and 6 others
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Lance Armstrong's VC Firm Invests In AI-Powered Ad Tech For Health CareAdExchanger•Sep 08, 2025•BranchLab, NEXT VENTURES, NEXT Ventures
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Cofertility’s $7.25 Million Series A Funding RoundGlobal Legal Chronicle•May 07, 2025•CoFertility, Offline Ventures, NEXT VENTURES, Morrison & Foerster
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Govly: Public Sector Procurement Market Network Company Closes $9.5 MillionPulse 2.0•Nov 06, 2023•Govly, Insight Partners, Y Combinator, Nordic Eye and 13 others
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Juno Medical Raises $12M in Series A FundingFinSMEs•Dec 09, 2022•Juno, Vast Ventures, Upstate Capital, TXV Partners and 12 others
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Plant-based yogurt brand Lavva acquired by Next in Natural, appoints new CEOFoodNavigator-USA•Aug 10, 2022•Lavva, NEXT VENTURES
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Humane Raises $100m in Series BPR Newswire•Sep 01, 2021•Humane, Tiger Global Management, SoftBank Group, Forerunner Ventures and 8 others
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Kinetyx Sciences Inc. secures US$3.1M in Series SeedCNW•Apr 28, 2021•Kinetyx, NEXT VENTURES, Thuja Capital
