VC firm
Next Frontier Capital
Also known as Next Frontier Capital Fund, LP, Next Frontier Venture Fund II, L.P., Next Frontier Venture Fund III E, Next Frontier Venture Fund III E, L.P., Next Frontier Venture Fund III, L.P., Next Frontier Venture Fund IV E, Next Frontier Venture Fund IV E, L.P., Next Frontier Venture Fund IV, L.P.
- Investor type
- VC
- Investing status
- Activeas of 2026-09-18Source (opens in a new tab)
- Headquarters
- BOZEMAN, MT, United States
- Assets under management
- $290MForm ADV private fund GAV, as of 2026-03-26Source (opens in a new tab)
- Latest fund size
- $97.1MSEC amount sold, as of 2022-10-25Source (opens in a new tab)
- Funds
- 12
- Check size
- $2-5 MILLION INVESTMENTSSource (opens in a new tab)
- Legal name
- NEXT FRONTIER CAPITAL MC, LLC
- nextfrontiercapital.com (opens in a new tab)
- LinkedIn (opens in a new tab)
- Team page (opens in a new tab)
Claim, correct or request removal
Record updated 29 September 2026
About
Investing with conviction.
Investment approach
- Thesis
- Investing in mission-driven founders with a strong track record of execution. While the firm does not hold strict revenue thresholds as an investment criteria, we look for referenceable customers and strong proof of principle in your core product.Source (opens in a new tab)
- Takes board seats
- Yes
- Board policy
- NFC seeks double digit ownership on entry, and looks to partner with founding teams that welcome active board involvement.
- Ownership target
- NFC seeks double digit ownership on entry, and looks to partner with founding teams that welcome active board involvement.
- Eligibility
- While always keeping an open mind, Next Frontier Capital is not actively pursuing investments in every business vertical.
- Traction requirement
- While the firm does not hold strict revenue thresholds as an investment criteria, we look for referenceable customers and strong proof of principle in your core product.
- Investing status notes
- We are eager to learn about your team, what youâre working on and whatâs motivated you to get this far. Email us and letâs get the conversation started.
Funds
- Next Frontier Venture Fund IV, L.P.
- $97.1MVintage 2022, Main fund, SEC amount sold
- Next Frontier Venture Fund IV E, L.P.
- $1.6MVintage 2022, Main fund, SEC amount sold
- Next Frontier Venture Fund III, L.P.
- $55.7MVintage 2020, Main fund, SEC amount sold
- Next Frontier Venture Fund III E, L.P.
- Vintage 2020Main fund
- Next Frontier Venture Fund II, L.P.
- Vintage 2017Main fund
- Next Frontier Capital Fund, LP
- $19.8MMain fund, SEC amount sold
- NFC FUND III USEREVIDENCE SERIES A-1 SPV, LLC
- SPV
- NFC FUND I QUIQ SERIES C SPV, LLC
- SPV
- NFC FUND I SITEONE SERIES C SPV, LLC
- SPV
- NEXT FRONTIER CAPITAL VENTURE FUND II, LP
- Main fund
- NFC FUND III KING ENERGY SPV, LLC
- SPV
- NFC FUND I SUBMITTABLE SERIES C SPV, LLC
- SPV
SEC registration
- Registered adviser
- NEXT FRONTIER CAPITAL MC, LLC
- CRD number
- 221524 (opens in a new tab)
- SEC file number
- 802-121098
- Registration
- Exempt reporting adviser
- Regulatory AUM
- $290Mas of 2026-03-26
- Private funds reported
- 11
- Principal office
- BOZEMAN, MT, United States
- SEC CIK
- 1642114, 1718377, 1808175
Locations
- Office
- Boulder, CO, United States
- Office
- Bozeman, MT, United States
- Office
- Salt Lake City, UT, United States
Programs
- Newsletter
- Newsletter (opens in a new tab)
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