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The Venture Codex

Next Frontier Capital

544 E Main Street, Suite A, Bozeman, MT, 59715, US

Overview

Partners with entrepreneurs to build technology companies.

Founded

2015

Deals · 12mo

7

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A
Series B

Geographic focus

United States

Sector focus

Banking
Business Development
Venture Capital

Investment portfolio

57rounds
NAMEDATESIZE
OllyGarden
Oct 2026Participated
$4 MSeed
Mundo AI
Aug 2026Participated
$20 MSeries A
HighGround
Jun 2026Led
$7 MSeed
Gravity
Apr 2026Led
$7 MOther Equity
GetWhys
Apr 2026Participated
$5 MOther Equity
Paramify
Dec 2025Participated
$12 MSeries A
Mindsmith
Nov 2025Led
$4 MSeed
Gravwell
Oct 2025Participated
$15 MSeries A
Reveal Technology
Jul 2025Participated
$30 MSeries B
Freeplay
Jun 2025Participated
$6 MOther Equity
GetWhys
Feb 2025Led
$3 MSeed
Reveal Technology
Dec 2024Led
$11 MSeries A
OllyGarden
Oct 2026Participated
$4 MSeed
Mundo AI
Aug 2026Participated
$20 MSeries A
HighGround
Jun 2026Led
$7 MSeed
Gravity
Apr 2026Led
$7 MOther Equity
GetWhys
Apr 2026Participated
$5 MOther Equity
Paramify
Dec 2025Participated
$12 MSeries A
Mindsmith
Nov 2025Led
$4 MSeed
Gravwell
Oct 2025Participated
$15 MSeries A
Reveal Technology
Jul 2025Participated
$30 MSeries B
Freeplay
Jun 2025Participated
$6 MOther Equity
GetWhys
Feb 2025Led
$3 MSeed
Reveal Technology
Dec 2024Led
$11 MSeries A
57
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Next Frontier Capital: 57 funding rounds are recorded in the selected participation categories.All available history.
Next Frontier Capital: 57 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed105
Series A89
Series B010
Series C+02
Other Equity67

Monthly Deal Activity

Next Frontier Capital: 57 deals are recorded across 128 months.All available history.
Next Frontier Capital: 57 deals are recorded across 128 months. All available history
MonthDeals
Mar '161
Apr '160
May '160
Jun '160
Jul '160
Aug '161
Sep '160
Oct '160
Nov '161
Dec '161
Jan '171
Feb '170
Mar '170
Apr '170
May '172
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '171
Jan '180
Feb '182
Mar '181
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '193
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '201
Feb '200
Mar '201
Apr '200
May '200
Jun '202
Jul '200
Aug '201
Sep '200
Oct '202
Nov '202
Dec '200
Jan '210
Feb '210
Mar '211
Apr '213
May '210
Jun '210
Jul '210
Aug '211
Sep '210
Oct '211
Nov '210
Dec '210
Jan '220
Feb '222
Mar '222
Apr '221
May '221
Jun '222
Jul '220
Aug '220
Sep '221
Oct '220
Nov '220
Dec '220
Jan '230
Feb '232
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '232
Oct '230
Nov '230
Dec '231
Jan '240
Feb '240
Mar '240
Apr '241
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '241
Nov '240
Dec '241
Jan '250
Feb '251
Mar '250
Apr '250
May '250
Jun '251
Jul '251
Aug '250
Sep '250
Oct '251
Nov '251
Dec '251
Jan '260
Feb '260
Mar '260
Apr '262
May '260
Jun '261
Jul '260
Aug '261
Sep '260
Oct '261

Sector Breakdown

Next Frontier Capital: Enterprise Software is the largest displayed sector by deal count (30 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Next Frontier Capital: Enterprise Software is the largest displayed sector by deal count (30 deals). All available history
SectorDeals
Enterprise Software30
Networks, Cloud & Communication14
AI & Machine Learning14
Data, Analytics & IT12
Professional Services12
Marketing & Advertising9
Cybersecurity & Privacy7
Health & Life Sciences7
Clean Energy & Sustainability5
Hardware & Robotics5
Media & Entertainment5
Fintech4
Education & Workforce3
Government & Defense3
AR/VR3
Manufacturing3
Social & Community Platforms3
Travel & Hospitality2
E-Commerce & Retail2
Space & Frontier Tech1
Consumer & Lifestyle1
Developer Tools1

Deal Size Distribution

Next Frontier Capital: 57 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Next Frontier Capital: 57 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M19
$5M-$10M15
$10M-$25M18
$25M-$50M3
$50M-$100M2
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Next Frontier Capital: United States has the largest recorded deal count among the displayed regions (55 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Next Frontier Capital: United States has the largest recorded deal count among the displayed regions (55 deals). All available history
RegionDeals
United States55
El Salvador1
Europe1
Next Frontier Capital: 20 co-investors are shown, with Kickstart Seed Fund sharing 7 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Next Frontier Capital: 20 co-investors are shown, with Kickstart Seed Fund sharing 7 recorded deals. All available history
Co-investorShared deals
Kickstart Seed Fund7
Foundry Group4
Millennium Technology Value Partners4
Next Coast Ventures4
Blackhorn Ventures3
Epic Ventures3
Grayhawk Capital3
SaaS Ventures3
Venrock3
2M Companies2
Access Venture Partners2
Bessemer Venture Partners2
Capital Eleven2
Crane Group2
CrunchFund2
Defy Partners2
FirstMark Capital2
FirstMile Ventures2
Flywheel Ventures2
Granite Capital Management2

Investment Strategy

Next Frontier Capital: Led accounts for 42% and participating for 58% of round participation.All available history.
Next Frontier Capital: Led accounts for 42% and participating for 58% of round participation. All available history
CategoryDeals (count)Share (%)
Led2442%
Participating3358%
Next Frontier Capital: Single-lead accounts for 83% and co-led for 17% of lead dynamics.All available history.
Next Frontier Capital: Single-lead accounts for 83% and co-led for 17% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2083%
Co-led417%

Team

Erika Nash
Franz Kofler

Senior Associate

Garrett Leach

Associate

Julie Penner

Venture Partner

Kirsten Suddath

General Partner

Latham Turner

Entrepreneur In Residence

Les Craig

General Partner

Richard Harjes

Founder and General Partner

Scott Holton

CFO

Will Price

Co-Founder and General Partner