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Venture Capital
FINANCE | Investment Firms & Funds
nextgenvp.com

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Investments

68

Portfolio Exits

9

Funds

28

About NextGen Venture Partners

NextGen Venture Partners is a network-driven venture partner for exceptional entrepreneurs. The Firm's network of young startup investors are leaders in the entrepreneurial community who use their collective skills and connections to support the growth of our portfolio companies. NextGen Venture Partners has operations in NYC, DC, Boston, Austin, Chicago, Atlanta, Raleigh Durham, and Baltimore, with the goal of becoming one of the most active and connected investors in the world.

NextGen Venture Partners Headquarter Location

901 S Bond St

Baltimore, Maryland, 21231,

United States

410-537-5400

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Latest NextGen Venture Partners News

Top 35 Execs to Watch in 2022: Air Force’s Lauren Knausenberger

Mar 9, 2022

Chief Information Officer, Department of the Air Force As CIO of the Department of the Air Force, Lauren Knausenberger has been in her role since February, after joining the service in 2017 having worked in industry in roles including founder and president of Accellint Inc., a consulting firm, and as venture partner with NextGen Angels, a community of angel investors. Her responsibilities includes leading two directorates and supporting 20,000 cyber operations and supporting personnel worldwide. She also provides oversight of the Air Force’s IT portfolio and leads career management initiatives for 10,000 IT/cyber civilian personnel. Why Watch Knausenberger has been recognized as one of the most important leaders for driving innovation at the Air Force. Last year, her goals were scaling Platform One and Cloud One, the Air Force’s software development platform and a cloud-hosting service and platform for the Defense Department, respectively. She’s also been focused on growing Digital University, the Air Force’s online learning platform for warfighters to bolster their technical skills. “Digital U partners our department with top industry leaders in technology training and postures us to develop and sustain a digitally competent force,” she said then . “Additionally, Platform One and Cloud One allow us to rapidly develop and release new cloud-hosted capabilities that are accessible across our entire force in a standardized and secure manner using DevSecOps.” In November 2021, Platform One and the Air Force software factory Kessel Run signed a collaboration statement to continue to support each other, their ally organizations and their end users, in an effort to prevent siloes and duplication in DOD. “Together, these teams are moving the department forward by deploying awesome warfighting software and giving more and more Airmen the opportunity to learn agile processes,” Knausenberger said Nov. 16. “It’s a huge shift to the way we execute our mission and we need more of it.”

NextGen Venture Partners Investments

68 Investments

NextGen Venture Partners has made 68 investments. Their latest investment was in Dusty Robotics as part of their Series B on May 5, 2022.

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NextGen Venture Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/10/2022

Series B

Dusty Robotics

$45M

No

6

4/29/2022

Series B

Clear Street

$165M

Yes

2

4/12/2022

Series C

TraceUp

$47M

Yes

1

2/18/2022

Seed VC - II

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$99M

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10

1/18/2022

Seed VC

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$99M

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10

Date

5/10/2022

4/29/2022

4/12/2022

2/18/2022

1/18/2022

Round

Series B

Series B

Series C

Seed VC - II

Seed VC

Company

Dusty Robotics

Clear Street

TraceUp

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Amount

$45M

$165M

$47M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

6

2

1

10

10

NextGen Venture Partners Portfolio Exits

9 Portfolio Exits

NextGen Venture Partners has 9 portfolio exits. Their latest portfolio exit was Optii Solutions on December 06, 2021.

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

12/6/2021

Acquired

$99M

4

9/21/2021

Acquired

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$99M

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10

2/26/2020

Acquired

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$99M

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10

9/17/2018

Acquired

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$99M

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10

4/30/2018

Acquired

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$99M

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10

Date

12/6/2021

9/21/2021

2/26/2020

9/17/2018

4/30/2018

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

4

10

10

10

10

NextGen Venture Partners Fund History

28 Fund Histories

NextGen Venture Partners has 28 funds, including NextGen Architect.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/18/2020

NextGen Architect

$0.75M

1

11/17/2020

NextGen Ventures Fund II (AI)

$8.65M

3

11/17/2020

NextGen Ventures Fund II (QP)

$43.9M

3

9/29/2020

NextGen Walrus

$99M

10

9/29/2020

NextGen Syncari

$99M

10

Closing Date

12/18/2020

11/17/2020

11/17/2020

9/29/2020

9/29/2020

Fund

NextGen Architect

NextGen Ventures Fund II (AI)

NextGen Ventures Fund II (QP)

NextGen Walrus

NextGen Syncari

Fund Type

Status

Amount

$0.75M

$8.65M

$43.9M

$99M

$99M

Sources

1

3

3

10

10

NextGen Venture Partners Team

12 Team Members

NextGen Venture Partners has 12 team members, including current Founding Partner, Todd Marks.

Name

Work History

Title

Status

Grant Allen

ABB Technology Ventures, Core Capital Partners, Microsoft, Jingle Networks, and Dean & Company Strategy Consultants

Founder

Current

Lee Finkel

Founder

Current

Blake Garrett

Founder

Current

Todd Marks

Founding Partner

Current

Justin Siegel

Founding Partner

Current

Name

Grant Allen

Lee Finkel

Blake Garrett

Todd Marks

Justin Siegel

Work History

ABB Technology Ventures, Core Capital Partners, Microsoft, Jingle Networks, and Dean & Company Strategy Consultants

Title

Founder

Founder

Founder

Founding Partner

Founding Partner

Status

Current

Current

Current

Current

Current

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