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
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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)

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Last updated: October 6, 2025

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