Investments
17Portfolio Exits
1Funds
22About Next Play Capital
Next Play Capital is a minority-owned investment platform focused on investing in venture funds and venture-backed companies. The firm was founded in 2014 and is based in Redwood City, California.
Want to inform investors similar to Next Play Capital about your company?
Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.
Latest Next Play Capital News
Oct 14, 2022
Next Play Capital closes oversubscribed Fund III at $200m Submitted 14/10/2022 - 9:49am Next Play Capital, a minority-owned venture investment firm focused on investing in access-constrained venture funds and venture-backed companies, has closed its third flagship fund at $200 million. The Fund exceeded its initial target size of $150 million and significantly surpasses the size of its predecessor Fund II. Fund III adds 11 new institutional limited partners (LPs) who embody the values that reflect Next Play Capital’s diverse LP community. Fund III is the largest in Next Play Capital’s history, marking a 2.5x increase from the second flagship vehicle and bringing the firm’s total assets under management to $425 million. The firm will invest in high-level funds and venture-backed companies across sectors, stages, and geographies. Its diversified flagship structure is complemented by direct investment strategies via one dedicated fund and 24 special purpose vehicles (SPVs) to date. Since its formation in 2014, Next Play Capital has invested with 34 general partners (GPs) and 54 companies. Like this article? Sign up to our free newsletter Author Profile Related Topics Funds Intelligence
Next Play Capital Investments
17 Investments
Next Play Capital has made 17 investments. Their latest investment was in NorthOne as part of their Series B on October 10, 2022.
Next Play Capital Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
10/13/2022 | Series B | NorthOne | $67M | Yes | 31 | |
5/26/2022 | Series C | Gametime | $30M | Yes | Accel, Alumni Ventures, Blitzscaling Ventures, Bolt Ventures, Google Ventures, Jeff Mallett, Maven Ventures, Next Play Capital, Nimble Partners, Palapa Ventures, Tenere Capital, Undisclosed Angel Investors, and University Growth Fund | 3 |
5/10/2022 | Series C - II | Kitopi | $300M | No | 4 | |
4/14/2022 | Series C | |||||
3/30/2022 | Series A |
Date | 10/13/2022 | 5/26/2022 | 5/10/2022 | 4/14/2022 | 3/30/2022 |
|---|---|---|---|---|---|
Round | Series B | Series C | Series C - II | Series C | Series A |
Company | NorthOne | Gametime | Kitopi | ||
Amount | $67M | $30M | $300M | ||
New? | Yes | Yes | No | ||
Co-Investors | Accel, Alumni Ventures, Blitzscaling Ventures, Bolt Ventures, Google Ventures, Jeff Mallett, Maven Ventures, Next Play Capital, Nimble Partners, Palapa Ventures, Tenere Capital, Undisclosed Angel Investors, and University Growth Fund | ||||
Sources | 31 | 3 | 4 |
Next Play Capital Portfolio Exits
1 Portfolio Exit
Next Play Capital has 1 portfolio exit. Their latest portfolio exit was FanDuel on May 23, 2018.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
5/23/2018 | Corporate Majority - P2P | 5 |
Date | 5/23/2018 |
|---|---|
Exit | Corporate Majority - P2P |
Companies | |
Valuation | |
Acquirer | |
Sources | 5 |
Next Play Capital Fund History
22 Fund Histories
Next Play Capital has 22 funds, including Next Play Capital Fund III.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
10/14/2022 | Next Play Capital Fund III | $200M | 1 | ||
10/28/2020 | NPC FIGS | $3.78M | 1 | ||
6/12/2020 | NPC Tonal | $0.65M | 1 | ||
3/10/2020 | NPC Guild | ||||
12/5/2019 | NPC Avilac II |
Closing Date | 10/14/2022 | 10/28/2020 | 6/12/2020 | 3/10/2020 | 12/5/2019 |
|---|---|---|---|---|---|
Fund | Next Play Capital Fund III | NPC FIGS | NPC Tonal | NPC Guild | NPC Avilac II |
Fund Type | |||||
Status | |||||
Amount | $200M | $3.78M | $0.65M | ||
Sources | 1 | 1 | 1 |
Next Play Capital Team
1 Team Member
Next Play Capital has 1 team member, including current General Partner, Eric Valle.
Name | Work History | Title | Status |
|---|---|---|---|
Eric Valle | General Partner | Current |
Name | Eric Valle |
|---|---|
Work History | |
Title | General Partner |
Status | Current |
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.