# Next Frontier Capital: portfolio, investments and team

> Next Frontier Capital is a vc firm based in United States. 53 investments on record, 9 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/next-frontier-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Next Frontier Capital

Last cheque observed Oct 2026; 53 cheques on record.

Email

Deploying now New fund $97M, Aug 2024 VC firm

Pre-seed Seed Series A Enterprise Intelligence Critical Infrastructure Financial Systems

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Deploying now

**82%** of best year **9** **cheques in 12 months**, 53 on record

Since the last cheque **22** days **00** hrs **00** min **00** sec

Median round **$5.5M** Cheque size, as they say **$100K – $100M** Rounds led **3 of 53** Sole investor **8 rounds** Mostly in **United States, 95%**

Pitch Next Frontier Capital

## Next Frontier Capital highlights

- 01 9 cheques in the last 12 months
- 02 Mostly Seed and Series A: 56% of its rounds
- 03 Sole investor in 8 rounds, median $3.4M

## What they do

> We back the applications and infrastructure powering that generational shift. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $100K – $100M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** Enterprise Intelligence Critical Infrastructure Financial Systems
- **Based in:** Bozeman, United States
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **53 appearances**

- **2026** 7 rounds
- **Oct** **[OllyGarden](https://millionrounds.com/company/ollygarden)** DE · Tech.eu **$4.0M** With 6 others
- **Aug** **[Mundo AI](https://millionrounds.com/company/mundo-ai)** Series A · US **$20M** With 3 others
- **Jul** **[Reveal Technology](https://millionrounds.com/company/reveal-technology)** Venture · US **$4.6M** With 4 others
- **Jun** **[HighGround](https://millionrounds.com/company/highground)** Seed · US **$6.5M** Sole investor
- **Apr** **[GetWhys](https://millionrounds.com/company/getwhys)** Seed · US · Crunchbase News **$5.2M** With 5 others
- **Apr** **[Gravity](https://millionrounds.com/company/gravity)** Seed · US **$7.0M** With 4 others
- **Feb** **[mpathic](https://millionrounds.com/company/mpathic)** Series A · US · Foundry Group **$15M** With 1 other
- **2025** 8 rounds
- **Dec** **[Paramify](https://millionrounds.com/company/paramify)** Series A · US **$12M** With 1 other
- **Dec** **[King Energy](https://millionrounds.com/company/king-energy)** Venture · US **Undisclosed** With 2 others
- **Oct** **[Gravwell](https://millionrounds.com/company/gravwell)** Series A · US **$15M** With 2 others
- **Aug** **[UserEvidence](https://millionrounds.com/company/userevidence)** Venture · US **$7.0M** With 3 others
- **Jul** **[Mindsmith](https://millionrounds.com/company/mindsmith)** Seed · US **$4.1M** With 3 others
- **Mar** **[mpathic.ai](https://millionrounds.com/company/mpathic-ai)** Venture · US **$8.1M** With 2 others
- **Feb** **[GetWhys](https://millionrounds.com/company/getwhys)** Seed · US **$2.8M** With 1 other
- **Feb** **[Dreadnode](https://millionrounds.com/company/dreadnode)** Series A · US **$14M** With 2 others
- **2024** 8 rounds
- **Dec** **[Reveal Technology](https://millionrounds.com/company/reveal-technology)** Series A · US · TechCrunch **$11M** *Led*
- **Dec** **[SiteOne Therapeutics](https://millionrounds.com/company/siteone-therapeutics)** Series C · US **$100M** With 4 others
- **Oct** **[King Energy](https://millionrounds.com/company/king-energy)** Seed · US **$10M** With 2 others
- **Oct** **[Claravine](https://millionrounds.com/company/claravine)** Secondary · US **$269K** With 3 others
- **Sept** **[SquarePeg](https://millionrounds.com/company/squarepeg)** Seed · US **$3.5M** With 2 others
- **Sept** **[Freeplay](https://millionrounds.com/company/freeplay)** Seed · US **$5.6M** With 3 others
- **Jun** **[PolyAPI](https://millionrounds.com/company/polyapi)** Seed · US **$4.1M** With 1 other
- **Jun** **[VirtualZ Computing](https://millionrounds.com/company/virtualz-computing)** Venture · US **$2.1M** With 1 other
- **2023** 7 rounds
- **Dec** **[Bandwango](https://millionrounds.com/company/bandwango)** Venture · US **$1.0M** With 3 others
- **Sept** **[UserEvidence](https://millionrounds.com/company/userevidence)** Series A · US **$9.0M** With 3 others
- **Sept** **[Optera](https://millionrounds.com/company/optera)** Series A · US **$12M** With 4 others
- **Aug** **[Phoenix Labs](https://millionrounds.com/company/phoenix-labs)** Series A · CA **$2.9M** With 4 others
- **Jun** **[Tagboard](https://millionrounds.com/company/tagboard)** Venture · US **$4.0M** With 2 others
- **Feb** **[Bonusly](https://millionrounds.com/company/bonusly)** Series B · US **$19M** With 4 others
- **Feb** **[BioSqueeze](https://millionrounds.com/company/biosqueeze)** Series A · US **$7.4M** Sole investor
- **2022** 4 rounds
- **Apr** **[Quiq](https://millionrounds.com/company/quiq)** Series C · US **$25M** With 2 others
- **Mar** **[Donde](https://millionrounds.com/company/donde-2)** Seed · US **$3.3M** With 1 other
- **Mar** **[EveryoneSocial](https://millionrounds.com/company/everyonesocial)** Series B · US **$13M** With 1 other
- **Feb** **[Advisr](https://millionrounds.com/company/advisr)** Venture · US **$5.8M** With 1 other
- **2021** 6 rounds
- **Dec** **[Alpin](https://millionrounds.com/company/alpin)** Venture · US **Undisclosed** With 3 others
- **Dec** **[OptioSurgical](https://millionrounds.com/company/optiosurgical)** Venture · US **$900K** Sole investor
- **Aug** **[Tetra Insights](https://millionrounds.com/company/tetra-insights)** Series A · US **$5.0M** With 1 other
- **Aug** **[Aumni](https://millionrounds.com/company/aumni)** Series B · US **$50M** With 3 others
- **Apr** **[Emmersion](https://millionrounds.com/company/emmersion)** Series B **$5.5M** Sole investor
- **Mar** **[Gondola](https://millionrounds.com/company/gondola)** Seed **$2.4M** With 2 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 registration **3 named**

RH **Richard Harjes** Managing Director of the General Partner i Filing they signed

WP **Will Price** Executive Officer i Filing they signed

WD **William D Price** Manager of the General Partner, Next Frontier Capital GP, LLC i Filing they signed

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.

New fund on file

**$97M**

raised in Aug 2024

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$5.5M** the round, not its cheque Alone, median **$3.4M**

Led 3 of 53 rounds **6%**

- **Said size:** $100K – $100M
- **Sole investor:** 8 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Seed said *13*
- Series A said *12*
- Venture *11*
- Series B said *7*
- Series C *2*
- Pre-seed said *-*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Kickstart](https://millionrounds.com/fund/kickstart) 5
- [Blackhorn Ventures](https://millionrounds.com/fund/blackhorn-ventures) 4
- [Foundry Group](https://millionrounds.com/fund/foundry) 4
- [SaaS Ventures](https://millionrounds.com/fund/saas) 4
- [Matchstick Ventures](https://millionrounds.com/fund/matchstick-ventures) 3
- [Next Coast Ventures](https://millionrounds.com/fund/next-coast-ventures) 3

**Pitching Next Frontier Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

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

[**Kickstart** VC firm **5** rounds together](https://millionrounds.com/fund/kickstart)[**Blackhorn Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/blackhorn-ventures)[**Foundry Group** VC firm **4** rounds together](https://millionrounds.com/fund/foundry)[**SaaS Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/saas)[**Matchstick Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/matchstick-ventures)[**Next Coast Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/next-coast-ventures)[**Service Provider Capital** VC firm **3** rounds together](https://millionrounds.com/fund/service-provider-capital)[**Techstars** VC firm **3** rounds together](https://millionrounds.com/fund/techstars)[**8VC** VC firm **2** rounds together](https://millionrounds.com/fund/8vc)[**Afore Capital** VC firm **2** rounds together](https://millionrounds.com/fund/afore-capital)[**Crosslink Capital** VC firm **2** rounds together](https://millionrounds.com/fund/crosslink-capital)[**Dig Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/dig-ventures)

## Recently backed

The latest companies Next Frontier Capital put money into.

[**OllyGarden** $4.0M · Oct 2026](https://millionrounds.com/company/ollygarden)[**Reveal Technology** $4.6M · Jul 2026](https://millionrounds.com/company/reveal-technology)[**HighGround** $6.5M · Jun 2026](https://millionrounds.com/company/highground)[**GetWhys** $5.2M · Apr 2026](https://millionrounds.com/company/getwhys)[**Gravity** $7.0M · Apr 2026](https://millionrounds.com/company/gravity)[**mpathic** $15M · Feb 2026](https://millionrounds.com/company/mpathic)

## Quick answers about Next Frontier Capital

### What does Next Frontier Capital invest in?

Next Frontier Capital invests most often at Seed and Series A (56% of the rounds on record), in sectors such as Enterprise Intelligence, Critical Infrastructure and Financial Systems.

### How active is Next Frontier Capital?

53 investments on record, 9 of them in the last 12 months, and it led 3. The most recent was in Oct 2026.

### What has Next Frontier Capital invested in recently?

Its most recent investments on record: OllyGarden (Undisclosed round, Oct 2026), Mundo AI (Series A, Aug 2026) and Reveal Technology (Venture, Jul 2026).

### How big are Next Frontier Capital's cheques?

The median round it joins is $5.5M. It says it writes cheques of $100K to $100M.

### Does Next Frontier Capital lead rounds?

Sometimes: it led 3 of its 53 investments on record (6%).

### Where does Next Frontier Capital invest?

Most of the companies it backs are in the United States (95%).

### Is Next Frontier Capital investing now?

Yes: it is actively investing, with 9 investments in the last 12 months.

### Who does Next Frontier Capital invest alongside?

Most often Kickstart (5 rounds together), Blackhorn Ventures (4 rounds together) and Foundry Group (4 rounds together).

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