Investors / United States / Next Frontier Capital
Next Frontier Capital
Venture capital · Bozeman, MT, United States · North America
Next Frontier Capital is a venture firm with offices in Bozeman, Montana, Boulder, Colorado, and Holladay, Utah. It makes seed to Series A investments of $2-5 million in mission-driven founders, seeking double-digit ownership and active board involvement.
Invests inAI & Machine Learning
In its own wordsenterprise intelligencecritical infrastructurefinancial systemsnational securityaib2b software
Your fit with Next Frontier Capital
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsNext Frontier Capital lists 52 checked portfolio companies on its own site and is named in 8 funding rounds, 4 of them as lead. Its most frequent entry is Seed, 63% of the companies with a known first round. Its largest themes are AI & Machine Learning (24%), Enterprise Software (11%) and Space & Defense (11%). 87% of its companies are based in United States. It invests most often alongside Kickstart, Frazier VC and Run Ventures.
Counts come from funding rounds that name Next Frontier Capital, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not Next Frontier Capital's whole history. Rounds on record name 8 companies; its own site lists 52. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundShow as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 63% |
| Series A | 25% |
| Series B | 13% |
| Growth | 0% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 3 | 1 |
| '26 | 5 | 3 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 84th | 51 companies |
| Recent activity | 86th | 5 rounds in 12 months |
| Early stage | 76th | 63% of entries at pre-seed or seed |
| Evidence | 84th | 14% of companies confirmed by a round |
| Sector focus | 31th | 24% in its largest sector |
| Reach | 58th | 3 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 24% | 18% |
| Enterprise Software | 11% | 8% |
| Space & Defense | 11% | 3% |
| Cybersecurity | 10% | 4% |
| Education | 6% | 7% |
| Fintech | 6% | 12% |
| Media & Entertainment | 6% | 4% |
| Human Resources | 4% | 1% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Kickstart | 4 |
| Frazier VC | 3 |
| Run Ventures | 3 |
| Stout Street Capital | 3 |
| Blackhorn Ventures | 2 |
| Context Ventures | 2 |
| DIG Ventures | 2 |
| EPIC Ventures | 2 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers52100%
- No longer answers00%
- Points to another company00%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherCompare Next Frontier Capital head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with Next Frontier Capital| Date | Company | Stage |
|---|---|---|
| 9 Oct 2026 | Seed Led | |
| 25 Aug 2026 | Series A | |
| 17 Jun 2026 | Seed Led | |
| 16 Apr 2026 | Seed | |
| 14 Apr 2026 | Seed Led | |
| 5 Nov 2025 | Seed Led | |
| 21 Oct 2025 | Series A | |
| 29 Jul 2025 | Series B |
Round details for Next Frontier Capital
Amounts, full round histories and every co-investor in Next Frontier Capital's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
52 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| The company provides retirement plan management services to businesses and individuals. | FintechFintech | Portfolio page | ||
| Aurora develops and implements self-driving freight technology to improve road safety and increase supply chain efficiency | AI & Machine LearningMobility & Logistics | Portfolio page | ||
| Bandwango provides a mobile pass that drives visitors and revenue into communities. | Legal & ComplianceE-commerce & Marketplaces | Portfolio page | ||
| BioSqueeze is a biomineralization platform company that solves difficult subsurface problems through engineering the subsurface with a liquid delivery system that mineralizes in place. | Industrial & ManufacturingAI & Machine Learning | Portfolio page | ||
| Blocky empowers teams to create trusted applications without sacrificing speed or control | CybersecurityAI & Machine Learning | Portfolio page | ||
| Bonusly provides employee recognition software and a rewards platform | Human ResourcesSpace & Defense | Portfolio page | ||
| Bridger Photonics provides methane emissions data and analytics to the oil and gas industry | EducationEducation | Portfolio page | ||
| The company provides an AI analytics platform for teams to ask questions and automate regular reporting | Space & DefenseFintech | Apr 2026Seed | Page + round | |
| Claravine provides a data standards platform for marketing data management | Media & EntertainmentEnterprise Software | Portfolio page | ||
| Dreadnode provides AI infrastructure for cybersecurity, allowing security teams to own, operationalize, and improve agentic cyber capabilities. | CybersecurityAI & Machine Learning | Portfolio page | ||
| Emmersion provides language assessments and certifications for individuals and organizations | EducationHuman Resources | Portfolio page | ||
| EveryoneSocial provides a platform for employee advocacy and social media governance | Enterprise SoftwareMedia & Entertainment | Portfolio page | ||
| Gambit develops adaptive intelligence for autonomous systems | AI & Machine LearningRobotics & Hardware | Portfolio page | ||
| GetWhys provides a platform that uses research interviews with real buyers to validate and improve the content created by AI tools | AI & Machine LearningSpace & Defense | Apr 2026Seed | Page + round | |
| The company had a travel platform that helped users save, explore, and book travel. | Legal & ComplianceEnterprise Software | Portfolio page | ||
| Gravwell provides a security data platform for log analysis and security information | CybersecurityAI & Machine Learning | Oct 2025Series A | Page + round | |
| HighGround provides government spending intelligence for investors and operators | AI & Machine LearningAI & Machine Learning | Jun 2026Seed | Page + round | |
| Hoonify provides fully managed sovereign AI and high-performance computing (HPC) infrastructure on hardware that clients rent or own | AI & Machine LearningHuman Resources | Portfolio page | ||
| IronCore Labs provides app-layer encryption tools for sensitive data and AI | CybersecurityAI & Machine Learning | Portfolio page | ||
| King Energy installs and manages commercial solar systems for multi-tenant sites, providing rental income to property owners and affordable clean energy to tenants and the local community. | Real Estate & ConstructionSpace & Defense | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- nextfrontiercapital.com
- Last read
- 5 Nov 2026
- Watching since
- 5 Nov 2026
- Rounds since
- 29 Jul 2025
- Companies checked
- 52
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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