United States · Investor

Next Billion Capital Partners

Last cheque observed Dec 2025; 2 cheques on record.

Growth equityDeploying now

Series AGrowthHealthcareInsuranceTechnology

Deploying now
100%of best year1cheques in 12 months, 2 on record
Since the last cheque338days00hrs00min00sec
Median round$20MRounds led0 of 2
Pitch Next Billion Capital Partners

Next Billion Capital Partners highlights

  1. 01

    1 cheques in the last 12 months

  2. 02

    Mostly Series A and Series B: 100% of its rounds

What they do

Growth equity for proven, tech-driven businesses in emerging marketsFrom their own website
Type
Growth equity
Cheque size
Not stated
Stages
Series AGrowth
Sectors
HealthcareInsuranceTechnology
Based in
Washington, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first2 appearances

  1. 2025

    1 round

  2. Dec
    BHubSeries A · BR · LatamList$10MWith 8 others
  3. 2024

    1 round

  4. Nov
    MinuSeries B · MX · LatamList$30MWith 15 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration2 named

KTKentaro ToyodaManaging MemberiForm ADV
RBRuzgar BarisikManaging MemberiForm ADV

We also hold 9 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$25Mgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
Legal name
NEXT Billion Capital Partners LLC
SEC number
CRD 329912

What they claim to have backed

From their own portfolio page (on their website)

11 of 20 we have independently watched raise

AdvanceAliceCliviCreditasFacioLoggiMinuQoalaRecargapayReddoorzSproutAbhiBazaartechBlueboxinteractiveFawryGajigesaHepsiburadaKredivocorpSouqTrella

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Who they invest alongside

The investors most often in the same rounds as Next Billion Capital Partners. A count of rooms they were both in, not a relationship either has claimed.

Recently backed

The latest companies Next Billion Capital Partners put money into.

Quick answers about Next Billion Capital Partners

What does Next Billion Capital Partners invest in?

Next Billion Capital Partners invests most often at Series A and Series B (100% of the rounds on record), in sectors such as Healthcare, Insurance and Technology.

How active is Next Billion Capital Partners?

2 investments on record, 1 of them in the last 12 months. The most recent was in Dec 2025.

What has Next Billion Capital Partners invested in recently?

Its most recent investments on record: BHub (Series A, Dec 2025) and Minu (Series B, Nov 2024).

How big are Next Billion Capital Partners's cheques?

The median round it joins is $20M.

Is Next Billion Capital Partners investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

Who does Next Billion Capital Partners invest alongside?

Most often QED Investors (2 rounds together).

What kind of investor is Next Billion Capital Partners?

Next Billion Capital Partners is a growth equity firm based in Washington, United States.

How much does Next Billion Capital Partners manage?

About $25M, as gross assets of its private funds (Oct 2026).

Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it