NextView Ventures, an early-stage venture capital firm headquartered in New York City, announced today it had closed $200M in new commitments. This includes a $135M seed-stage fund (NextView Ventures V) and a $65M opportunity fund (NextView All Access I). Stephanie Palmeri, a former Partner at Uncork Capital and founding member of All Raise, a nonprofit focused on accelerating the success of female founders and funders in the tech ecosystem, has also joined NextView as the fifth Partner.
NEW YORK, Oct. 11, 2022 /PRNewswire-PRWeb/ -- With its largest funds to date, NextView aims to invest in seed-stage startups through its fifth seed fund, as well as follow-on rounds for select later-stage portfolio companies through an inaugural opportunity fund
NextView Ventures, an early-stage venture capital firm headquartered in New York City, announced today it had closed $200M in new commitments. This includes a $135M seed-stage fund (NextView Ventures V) and a $65M opportunity fund (NextView All Access I), both of which were oversubscribed. This new capital will enable NextView Ventures to continue investing in industry-leading disruptors such as Attentive, Grove Collaborative, WHOOP, Bobbie, Devoted Health, and others.
With its latest funds, NextView will maintain its strategy of entering and investing $400K to $4M at the pre-seed and seed stages, while reserving additional capital for follow-on rounds. With NextView's debut opportunity fund, the firm aims to invest in growth stage rounds of its existing portfolio companies. It follows NextView's flagship Fund IV, which closed in 2020 after raising $100M.
The firm will continue investing in companies disrupting the 'Everyday Economy,' across sectors including, but not limited to, fintech, digital health, data, consumer, and end-user-focused B2B SaaS.
Stephanie Palmeri, a former Partner at Uncork Capital and founding member of All Raise, a nonprofit focused on accelerating the success of female founders and funders in the tech ecosystem, has also joined NextView as the fifth Partner.
"Our relationship with Stephanie extends over a decade, as we have co-invested, competed against, and shared wins and losses together. Throughout all of this, we've seen her hunger to serve founders and her desire to work with entrepreneurs to achieve the kind of world-changing impact that we seek to create at NextView," said Rob Go, Partner at NextView Ventures. "We're excited to welcome Stephanie, who has a long track record of investing success and has been a champion for diversity and greater access through her efforts as both a venture capitalist and a founding member of All Raise."
As part of NextView's investment strategy, access will remain a core value of the next fund, with the first two investments of Fund V already directed towards minority-led companies. 62% of Fund IV investments went to minority founders and female founders, compared with the industry average of 2.6% for minorities and 2.2% for women.
"While the number of seed funds and dollars invested at seed has been growing exponentially over the past year, NextView has consistently supported founders at the earliest stages of their startup journeys," said Stephanie Palmeri, Partner at NextView Ventures. "I'm excited to partner early with tenacious founders who share a North Star of building exceptional end-user experiences for individuals, families, workers, and communities and to invest alongside a team of the most genuine, hardworking, and high-integrity VCs I know."
Seed and early-stage deals have continued to dominate venture financing in 2022 YTD, according to research from both CB Insights and Crunchbase.
Since NextView's founding, the firm has partnered with more than 173 founders at the seed stage. These companies now represent over $50B of enterprise value with 20% having been acquired or gone public, including TripleLift, Skillz, Grove Collaborative, Drift, ThredUp, Parsec, and others, allowing NextView to return multiples of several different funds.
The firm pursues a high-conviction, hands-on investment thesis and invests nationally from offices in New York, Boston, and San Francisco. Over the past several years, 40% of the firm's investments were based in New York and 25% were in California. The firm also made investments in Boston, Austin, Seattle, Miami, Chicago, DC, Atlanta, and North Carolina.
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About NextView Ventures: Founded in 2010, NextView Ventures is an early-stage venture capital firm based between New York, San Francisco, and Boston. The firm follows a high-conviction, hands-on approach to seed investing. For more information, please visit https://nextview.vc/ or follow us on Twitter or Linkedin.
Media Contact
Tanya Hayre Gillogley, NextView Ventures, 1 (862) 245-1829, [email protected]
SOURCE NextView Ventures
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