The Venture Codex Logo

The Venture Codex

Next Ventures

595 Pacific Ave Fl 4, San Francisco, CA, 94133, United States

Overview

NEXT VENTŪRES is a venture capital firm that invests in the sports, fitness, health, and wellness markets. With established expertise and deep connections in these markets as well as proven financial track records, the NEXT VENTŪRES team is well positioned to create significant value for their investors and their portfolio companies. The firm was established in 2018 and is based in San Francisco, CA

Total investments
13
Lead investments
6
Investments · 12mo
2
Active investors
1

Sector focus

  • Consumer Software
  • Fitness
  • Health Care
  • Home Health Care
  • Sports
  • Venture Capital
  • Wellness
Visit website

Investment portfolio

  • Tokaido Health

    Participated · Equity · May 2026

    Tokaido Health provides AI-native medication steerage anchored in behavioral economics to counter incentive distortions in medication sourcing and administration. Its platform offers site-of-care steerage, biosimilar substitution, formulary optimization, and polypharmacy reconciliation, paired with loss-framed incentives to encourage members to switch to lower-cost options. The company layers its concierge services on top of existing benefits ecosystems and manages the operational work to make switching effortless for members. The announcement named the founding team and advisors and stated the company is hiring technical, clinical, operations, and sales staff. Tokaido disclosed $25 million committed from a group of investors to support building and scaling its product and team.

  • Trial Library

    Led · Series A · Dec 2025

    Trial Library operates an AI-enabled platform that connects biopharmaceutical manufacturers, payers, health systems, providers and patients to clinical trials offered as a standard care option. The technology activates community-based clinicians, identifies eligible patients compliantly, and guides them through the entire trial lifecycle. The company already supports more than 320 clinics and 1,500 providers nationwide, demonstrating meaningful early network scale. Led by founder and CEO Dr. Hala Borno, Trial Library positions itself as an accelerator of precision medicine uptake, working closely with self-insured and traditional health plans. Fresh capital is earmarked to deepen product development and broaden operational reach, enabling further clinic onboarding and payer partnerships. To date, the company has secured a total of $15 million in venture financing, underlining growing investor confidence in its model.

  • Cofertility

    Led · Series A · Apr 2025

    Cofertility operates a ‘Split’ program that lets women freeze their eggs at no cost in exchange for donating half of the retrieved eggs to intended parents. The company matches young women who wish to preserve fertility with people seeking donor eggs and says it has hundreds of donors available at any given time. Cofertility reports that about 55% of its donors have graduate degrees and emphasizes donor diversity. Intended parents pay the egg retrieval costs and Cofertility’s coordination fee but do not have to compensate the donor, lowering out‑of‑pocket expense. Cofertility’s model aims to expand access to donor eggs and reduce stigma around egg donation; the founder has described the company as working like a marketplace. Financially, the startup recently completed a meaningful financing round and has raised a total of $16 million to date. Cofertility launched last week to make egg freezing more accessible by coupling it with egg donation. The company was founded by Lauren Makler (CEO and former founder of Uber Health), Halle Tecco (former founder of Natalist and Rock Health), and Arielle Spiegel (marketing professional). It offers two programs: Keep, where women pay to freeze and store eggs for their own later use, and Split, where women freeze eggs for free when they give half of their eggs to a family who can’t otherwise conceive. Split applicants complete a preliminary questionnaire based on American Society for Reproductive Medicine guidelines and an application collecting lifestyle, education, cultural background, family medical history and personality information. Cofertility emphasizes personalized donor profiles so intended parents can get to know donors beyond basic attributes and positions the service as more affordable than traditional donor matching. The startup’s model removes cash compensation to Split donors; intended parents pay a coordination fee and sponsor treatment, and the coordination fee includes a baby guarantee allowing as many rounds as needed until they have a baby.

  • Pair Team

    Led · Series A · Oct 2023

    Pair Team partners with local health centers and community-based organizations to provide virtual and community-integrated primary care, acting as an extension of partners to deliver clinical and mental health services. The company addresses social determinants of health such as housing, food, and transportation while connecting patients to care through a shared community health platform. Its platform leverages artificial intelligence to implement clinical best practices. Led by CEO Neil Batlivala, Pair Team works with safety net organizations to expand access to comprehensive care. The company plans to accelerate expansion across California, grow its network of partner organizations, and scale its team to support additional patients. Financial details in the article are limited to the recent Series A raise. Pair Team provides tech-enabled care teams and digital assistants that act as virtual extensions of community health centers to improve access and clinical outcomes for Medicaid and underserved populations. Its platform leverages AI to implement clinical best practices, integrate care with community-based organizations, and automate workflows so clinicians can focus on patients. The company addresses social and access barriers such as transportation, housing and food insecurity, and mobile phone access through a personalized, high-touch care experience. Pair Team reports that its solutions tripled annual wellness visit rates and increased clinic revenue by more than 40% in 2021; it manages care for thousands of Medicaid patients and has closed thousands of care gaps. Founded in 2019 by Neil Batlivala and Cassie Choi, Pair Team plans to expand nationally, grow its team, broaden partnerships with more clinics, and continue building next-generation care solutions for underserved communities. The new funding is intended to support hiring, partnerships, and continued product development to scale its operations platform and automation. Pair Team is an end-to-end operations platform for primary care, backed by the company’s own care team. For patients, Pair provides a comprehensive solution that covers the front, mid, and back-office. Its automation combined with a human-in-the-loop approach handles patient outreach, scheduling, e-forms, care gap reports, record requests, referrals, lab coordination and other administrative tasks to offload traditional front-desk and medical assistant duties. For practices, Pair monitors patient data and triggers automated workflows to ensure critical visits are scheduled and care gaps are addressed. The company was founded in 2019 by Neil Batlivala and Cassie Choi and is based in San Francisco, CA. Pair raised $2.7M in seed funding and intends to use the proceeds to expand operations and broaden its business reach.

  • Juno Medical

    Led · Series A · Dec 2022

    Juno, led by physician-CEO Akili Hinson, operates brick-and-mortar clinics that deliver family-focused care in diverse neighborhoods. Its model provides open-access in-person services from pediatrics to OB-GYN, same-day care, and higher-acuity services such as X-rays. The company positions itself between membership models like One Medical and Medicaid-focused providers like CityBlock Health, targeting patients who fall outside both categories. Juno has begun offering optional paid plans ranging $20–$50 per month for families seeking night and weekend appointments, greater convenience, and savings. The team emphasizes technology as an enabler and describes the business as a high-tech–enabled healthcare service rather than a pure digital-health company. With new capital, Juno plans to expand its team and services into East Atlanta, Greenwood, and Inglewood while working to scale beyond its existing brick-and-mortar locations. Juno Medical is a New York-based primary care company led by founder and CEO Akili Hinson. The company combines hospitality, technology, and transparent pricing to deliver pediatrics, adult primary care, women’s health, same-day care, and diagnostic services in one place. It operates a Harlem location and plans to open a Brooklyn location. Juno raised $5.4M in seed funding to support its growth. The company intends to use the proceeds to launch its Brooklyn location, expand virtual care services and price-transparency capabilities, and hire new team members across the business. Juno plans national expansion in 2022 and to roll out new virtual and wellness services in the coming months.

Team

  • Lance Armstrong

    Managing Partner and Founding Partner

    LinkedIn