NextView Ventures

Last updated
NextView Ventures
TypePrivate
Industry Venture capital
Founded2010
FoundersDavid Beisel
Rob Go
Lee Hower
Area served
 Boston, Massachusetts
Website nextview.vc

NextView Ventures is a venture capital firm that invests in pre-seed and seed-stage technology-driven companies. [1] [2]

Contents

History

NextView Ventures was founded in 2010 by David Beisel, Rob Go, and Lee Hower. [1] [3] [4] The firm started investing with a debut fund of $21 million, raised in 2012. [5] [6] [7]

From 2014 to 2022, NextView successfully raised funds in multiple rounds: $40 million for its second venture capital fund in 2014, [8] $50 million for its third fund in 2017, [9] [10] [11] $100 million for its fourth fund in 2020, [12] and most recently, $200 million across its two latest investment funds in 2022. [13]

In 2020, NextView launched its remote accelerator for startups. [14]

Investments

Over the years, NextView has invested in companies such as Bobbie, [15] [16] BookBub, [17] Devoted Health, [18] Drift.com, [12] Ellevest, [2] Grove Collaborative, [2] thredUP, [4] The Nudge, [19] TapCommerce, [20] and WHOOP. [12] Some of these companies have been acquired or have been listed on stock exchanges. [12] Notable acquisitions or public listings include TapCommerce's acquisition by Twitter in 2014, [21] GrabCAD's acquisition by Stratasys in 2014, [1] Parsec's acquisition by Unity in 2021, [22] TripleLift's acquisition by Vista Equity Partners in 2021 for $1.4 billion, [23] and thredUP going public in 2021 with a $1.3 billion IPO. [24]

Locations

NextView Ventures is headquartered in Boston, Massachusetts but has additional offices in San Francisco and New York City. [25] [26]

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References

  1. 1 2 3 Garland, Russ (November 12, 2014). "NextView Looks to Be Entrepreneurs' First Call for Seed Financing". Wall Street Journal– via www.wsj.com.
  2. 1 2 3 Mascarenhas, Natasha (November 13, 2020). "NextView Ventures closes its fourth fund with $89 million".
  3. ↑ https://www.bizjournals.com/boston/blog/mass-high-tech/2011/04/nextview-ventures-raises-8m-of-25m-first-fund.html
  4. 1 2 https://www.bizjournals.com/boston/blog/mass-high-tech/2010/07/beisel-go-and-howers-nextview-makes-early.html
  5. ↑ Shontell, Alyson. "Boston-Based VC Firm NextView Ventures Raises New $21 Million Fund". Business Insider.
  6. ↑ "Exclusive: NextView Ventures raises first fund". Fortune.
  7. ↑ "NextView Ventures Closes Inaugural $21 Million Fund Days After its First Exit".
  8. ↑ "NextView Ventures raises $40M fund after exits to Twitter, Yahoo, & Groupon". July 17, 2014.
  9. ↑ Loizos, Connie (August 2, 2017). "NextView Ventures just sealed up its third fund with $50 million".
  10. ↑ Loizos, Connie (December 15, 2016). "NextView Ventures is looking to raise at least $50 million for a third fund".
  11. ↑ "Boston's NextView Ventures raises third seed fund".
  12. 1 2 3 4 https://www.bizjournals.com/boston/news/2021/01/27/boston-seed-investor-nextview-closes-fourth-fund-a.html
  13. ↑ Mascarenhas, Natasha (October 11, 2022). "NextView Ventures' new $200 million fund comes with a slice of San Francisco".
  14. ↑ Mascarenhas, Natasha (April 20, 2020). "NextView Ventures is launching a remote accelerator for startups".
  15. ↑ Hall, Christine (March 15, 2022). "Bobbie drinks up $50M to expand infant formula product line".
  16. ↑ Buhr, Sarah (May 10, 2019). "Meet Bobbie, a baby formula delivery startup promising healthier ingredients".
  17. ↑ "BookBub Has Raised $3.8M in Funding". May 1, 2014.
  18. ↑ "Devoted Health closes $1.15B series D funding round | Fierce Healthcare".
  19. ↑ "This $9/month service uses text messages to help people explore their city and just launched in Seattle – GeekWire".
  20. ↑ Ha, Anthony (June 10, 2013). "With $1.2M In Funding, TapCommerce Aims To Bring Ad Retargeting To Smartphones".
  21. ↑ Ha, Anthony (June 30, 2014). "Twitter Confirms Acquisition Of Mobile Ad Retargeting Startup TapCommerce".
  22. ↑ Kumparak, Greg (August 10, 2021). "Unity to acquire Parsec in its biggest acquisition to date".
  23. ↑ Shields, Ronan (March 29, 2021). "TripleLift to Sell Majority Stake to Vista Equity Partners for $1.4 Billion". www.adweek.com.
  24. ↑ Scott, Charity L. (March 26, 2021). "ThredUp's Stock Jumps 30% in Market Debut". Wall Street Journal– via www.wsj.com.
  25. ↑ "New seed stage investors are finding fertile ground in Internet start-ups - The Boston Globe". January 24, 2012. Archived from the original on January 24, 2012. Retrieved October 21, 2023.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  26. ↑ "NextView Ventures closes on 1st micro-VC fund". www.bizjournals.com. Retrieved 2023-10-05.
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