Next Coast Ventures

Austin-based venture capital firm providing early-stage capital to high-growth startups in 'Next Coast' markets between traditional coasts, with thematic research-driven investment approach.

• Austin, USA • Est. 2016
Visit Website → Contact Email

Investment Requirements

Revenue (ARR)
Flexible
Deal Structure
Flexible
Target Industries
B2B Software Tech Services
Geographic Focus
North America

Company Overview

Next Coast Ventures

What They Buy

  • Target: Early-stage companies at critical development stage
  • Focus: Innovative software, retail, digital health, community-driven platforms
  • Geography: “Next Coast” markets between traditional coasts (Texas, Montana, Utah, Minnesota)
  • Structure: Early-stage venture capital with hands-on support
  • Philosophy: Built for entrepreneurs, by entrepreneurs
  • Themes: Future of work, demographic shifts, emerging markets

Recent Major Investments

  • Everly Health: Digital health diagnostics (20M+ lives served)
  • ICON: 3D-printed homes ($451M total raised, Tiger Global led)
  • Enboarder: Employee onboarding platform ($32M Series B)
  • Diligent Robotics: Hospital automation solutions
  • UpEquity: Home buying platform
  • Workweek: Business media platform

Track Record

  • Founded: 2016 in Austin, Texas
  • Leadership: Michael Smerklo (Co-Founder & Managing Director, search fund hall of fame)
  • Scale: $500M+ assets under management across three funds
  • Fund III: $195M raised for early-stage tech businesses
  • Portfolio: 30+ companies in first fund, 50+ total investments
  • Support: 150+ expert network, dedicated platform team, company building playbooks

Portfolio Companies

Everly Health
Digital health diagnostic services (serves 20M+ lives, 250+ enterprise customers)
ICON
3D-printed homes builder ($451M total equity raised)
Diligent Robotics
Hospital automation robotics
UpEquity
Home buying platform
Workweek
Business media platform
Enboarder
Employee onboarding platform ($32M Series B)

Similar Acquirers

PartnerOne

Enterprise software conglomerate that acquires and grows enterprise software companies for the long term, focused on companies with proven products and predictable revenue models.

Montreal, Canada
Founded 1995
Industries B2B Software
Close time Under 30 days
Deal structure All cash

New Mountain Capital

Private equity firm focusing on 'defensive growth' investments in mid-sized companies from economically acyclical industries. Emphasizes business building and growth rather than excessive risk.

New York City, NY
Founded 1999
Industries B2B Software

saas.group

Founded by serial entrepreneurs, acquires bootstrapped SaaS companies with a founder-friendly approach to elevate products and organizations. Built by founders and product enthusiasts.

Seattle, USA
Founded 2017
Industries B2B Software, Tech Services
Target ~$1M - $10M ARR
Response time 24 hours
Deal structure All cash, Flexible

Last updated: October 6, 2025

Information verified from public sources. Report corrections