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.
Investment Requirements
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
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Last updated: October 6, 2025
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