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Next Play Capital company logo
Venture Capital
FINANCE | Investment Firms & Funds
nextplaycapital.com

Investments

17

Portfolio Exits

1

Funds

22

About 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.

Headquarters Location

885 Winslow St

Redwood City, California, 94063,

United States

650-843-9126

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Latest Next Play Capital News

Next Play Capital closes oversubscribed Fund III at $200m

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.

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Next Play Capital Investments Activity

investments chart

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

3

5/10/2022

Series C - II

Kitopi

$300M

No

4

4/14/2022

Series C

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$99M

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10

3/30/2022

Series A

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$99M

Subscribe to see more

10

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

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Amount

$67M

$30M

$300M

$99M

$99M

New?

Yes

Yes

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

31

3

4

10

10

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

$99M

5

Date

5/23/2018

Exit

Corporate Majority - P2P

Companies

Valuation

$99M

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

$99M

10

12/5/2019

NPC Avilac II

$99M

10

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

$99M

$99M

Sources

1

1

1

10

10

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

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