# NextWorld: portfolio, investments and team

> NextWorld is a vc firm based in United States. 30 investments on record, latest Dec 2019. Portfolio, stages, co-investors and team.

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

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

# NextWorld

Last cheque observed Dec 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet New fund $135M, Nov 2017 VC firm

Series C Series B Series D

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 30 on record

Since the last cheque **2519** days **00** hrs **00** min **00** sec

Median round **$25M** Rounds led **0 of 30** Sole investor **2 rounds** Exits **4 from the portfolio** Mostly in **United States, 97%**

Pitch NextWorld

## NextWorld highlights

- 01 30 rounds on record
- 02 Mostly Series C and Series B: 58% of its rounds
- 03 Sole investor in 2 rounds, median $23M
- 04 4 exits from the portfolio

## What they do

> We are investors and citizens. We are stewards of permanent capital for balanced, thriving societies. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Based in:** United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **30 appearances**

- **2019** 5 rounds
- **Dec** **[Gong](https://millionrounds.com/company/gong)** Series C · US · FinSMEs **$65M** With 6 others
- **Oct** **[Stampli](https://millionrounds.com/company/stampli)** Series B · US · TechCrunch **$25M** With 3 others
- **Oct** **[Datameer](https://millionrounds.com/company/datameer)** US · FinSMEs **$40M** With 5 others
- **Sept** **[Honeycomb](https://millionrounds.com/company/honeycomb)** US · FinSMEs **$11M** With 4 others
- **Feb** **[Gong.io](https://millionrounds.com/company/gong-io)** Series B · US · FinSMEs **$40M** With 4 others
- **2018** 3 rounds
- **Oct** **[HeadSpin](https://millionrounds.com/company/headspin)** Series B · US · FinSMEs **$20M** With 11 others
- **May** **[Aircall](https://millionrounds.com/company/aircall)** Series B · FR · FinSMEs **$29M** With 3 others
- **Feb** **[Honeycomb](https://millionrounds.com/company/honeycomb)** Series A · US · FinSMEs **$12M** With 2 others
- **2016** 1 round
- **Sept** **[ProsperWorks](https://millionrounds.com/company/prosperworks)** Series D · US · FinSMEs **$24M** Sole investor
- **2015** 5 rounds
- **Sept** **[Origami Logic](https://millionrounds.com/company/origami-logic)** Series C · US **$25M** With 1 other
- **Aug** **[Datameer](https://millionrounds.com/company/datameer)** Series E · US **$40M** With 5 others
- **Apr** **[Aviso, Inc.](https://millionrounds.com/company/aviso-inc)** Series B · US **$15M** With 5 others
- **Apr** **[FirstFuel Software](https://millionrounds.com/company/firstfuel-software)** Series C · US **$23M** With 4 others
- **Mar** **[Zuora](https://millionrounds.com/company/zuora)** Series F · US **$115M** With 10 others
- **2014** 3 rounds
- **Nov** **[Host Analytics](https://millionrounds.com/company/host-analytics)** Series E · US **$25M** With 4 others
- **Sept** **[GoodData](https://millionrounds.com/company/gooddata)** Series E · US **$26M** With 7 others
- **Apr** **[AgilOne](https://millionrounds.com/company/agilone)** Series C · US **$25M** With 4 others
- **2013** 5 rounds
- **Dec** **[Datameer](https://millionrounds.com/company/datameer)** Series D · US **$19M** With 5 others
- **Sept** **[Zuora](https://millionrounds.com/company/zuora)** Series E · US · techcrunch.com **$50M** With 9 others
- **Jul** **[DataStax](https://millionrounds.com/company/datastax)** Series D · US · techcrunch.com **$45M** With 6 others
- **Apr** **[Host Analytics](https://millionrounds.com/company/host-analytics)** Venture · US **$6.5M** With 3 others
- **Jan** **[Host Analytics](https://millionrounds.com/company/host-analytics)** Series D · US · techcrunch.com **$17M** With 3 others
- **2012** 2 rounds
- **Sept** **[Virtual Instruments Corporation](https://millionrounds.com/company/virtual-instruments-corporation)** Series D · US · marketwatch.com **$28M** With 3 others
- **Jul** **[GoodData](https://millionrounds.com/company/gooddata)** Series C · US · venturebeat.com **$25M** With 6 others
- **2011** 4 rounds
- **Nov** **[BrightRoll](https://millionrounds.com/company/brightroll)** Series D · US **$20M** With 5 others
- **Nov** **[NexGen Storage](https://millionrounds.com/company/nexgen-storage)** Series B · US · finsmes.com **$10M** With 2 others
- **Apr** **[ideeli](https://millionrounds.com/company/ideeli)** Series C · US · techcrunch.com **$41M** With 4 others
- **Feb** **[DynamicOps](https://millionrounds.com/company/dynamicops)** Series B · US · virtualization.com **$11M** With 2 others
- **2010** 2 rounds
- **Oct** **[Virtual Instruments Corporation](https://millionrounds.com/company/virtual-instruments-corporation)** Series C · US **$22M** Sole investor
- **Jun** **[Host Analytics](https://millionrounds.com/company/host-analytics)** Series C · US · deals.venturebeat.com **$15M** With 3 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 **4 named**

BF **Ben Fu** Managing Member of General Partner i Filing they signed

BF **Benson Fu** Manager of Manager - CCO i Form ADV

CA **Craig Alan Hanson** Managing Member of General Partner i Filing they signed

SL **Sebastien Lepinard** Managing Member of General Partner i Filing they signed

We also hold **7** 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

**$214M** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Pacific Management Partners LLC
- **SEC number:** CRD 172044

Funds on its Form ADV

**2** private funds, **$221M** in gross assets · filed Aug 2024

- Next World Capital II, L.P. *Venture* 23 investors $210M
- NWC II GONG, LLC *Venture* 3 investors $11M

## Exits from the portfolio

Companies it backed that were later bought or listed **4 in all**

**[BrightRoll](https://millionrounds.com/company/brightroll)** Bought by [Yahoo!](https://millionrounds.com/fund/yahoo) **$640M** Nov 2014

**[ideeli](https://millionrounds.com/company/ideeli)** Bought by [Groupon](https://millionrounds.com/fund/groupon) **$43M** Jan 2014

**[NexGen Storage](https://millionrounds.com/company/nexgen-storage)** Bought by Fusion-io **$119M** Apr 2013

**[DynamicOps](https://millionrounds.com/company/dynamicops)** Bought by [VMware](https://millionrounds.com/fund/vmware) **Undisclosed** Jul 2012

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$135M**

raised in Nov 2017

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

## The cheque

Series C Series B Series D

Median round joined **$25M** the round, not its cheque Alone, median **$23M**

Led 0 of 30 rounds **0%**

- **Sole investor:** 2 rounds
- **Last cheque:** Dec 2019
- **Exits:** 4 from the portfolio

Rounds by stage said on their site

- Series C *8*
- Series B *7*
- Series D *6*
- Series E *4*
- Series A *1*

Cheques by year Led Joined

2010 2019

Often in the room with

- [Redpoint](https://millionrounds.com/fund/redpoint) 5
- [StarVest Partners](https://millionrounds.com/fund/starvest-partners) 5
- [Trident Capital](https://millionrounds.com/fund/trident-capital) 5
- [Advanced Technology Ventures](https://millionrounds.com/fund/advanced-technology-ventures) 4
- [Scale Venture Partners](https://millionrounds.com/fund/scale-venture-partners) 4
- [Tenaya Capital](https://millionrounds.com/fund/tenaya-capital) 4

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## Who they invest alongside

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

[**Redpoint** VC firm **5** rounds together](https://millionrounds.com/fund/redpoint)[**StarVest Partners** VC firm **5** rounds together](https://millionrounds.com/fund/starvest-partners)[**Trident Capital** VC firm **5** rounds together](https://millionrounds.com/fund/trident-capital)[**Advanced Technology Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/advanced-technology-ventures)[**Scale Venture Partners** VC firm **4** rounds together](https://millionrounds.com/fund/scale-venture-partners)[**Tenaya Capital** VC firm **4** rounds together](https://millionrounds.com/fund/tenaya-capital)[**Battery Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/battery-ventures)[**General Catalyst** VC firm **3** rounds together](https://millionrounds.com/fund/general-catalyst)[**Shasta Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/shasta-ventures)[**Andreessen Horowitz** VC firm **2** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**Benchmark** VC firm **2** rounds together](https://millionrounds.com/fund/benchmark)[**Bloomberg Beta** VC firm **2** rounds together](https://millionrounds.com/fund/bloomberg-beta)

## Recently backed

The latest companies NextWorld put money into.

[**Gong** $65M · Dec 2019](https://millionrounds.com/company/gong)[**Stampli** $25M · Oct 2019](https://millionrounds.com/company/stampli)[**Datameer** $40M · Oct 2019](https://millionrounds.com/company/datameer)[**Honeycomb** $11M · Sept 2019](https://millionrounds.com/company/honeycomb)[**HeadSpin** $20M · Oct 2018](https://millionrounds.com/company/headspin)

## Quick answers about NextWorld

### What does NextWorld invest in?

NextWorld invests most often at Series C and Series B (58% of the rounds on record).

### How active is NextWorld?

30 investments on record, 0 of them in the last 12 months. The most recent was in Dec 2019.

### What has NextWorld invested in recently?

Its most recent investments on record: Gong (Series C, Dec 2019), Stampli (Series B, Oct 2019) and Datameer (Undisclosed round, Oct 2019).

### How big are NextWorld's cheques?

The median round it joins is $25M.

### Does NextWorld lead rounds?

Rarely, if at all: none of its 30 investments on record names it as the lead.

### Where does NextWorld invest?

Most of the companies it backs are in the United States (97%).

### Is NextWorld investing now?

No investments in the last 12 months; the latest was in Dec 2019.

### Who does NextWorld invest alongside?

Most often Redpoint (5 rounds together), StarVest Partners (5 rounds together) and Trident Capital (5 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=nextworld) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=nextworld)