Firms

NextGen Venture Partners

NextGen Venture Partners

Baltimore, Maryland, United States · Boston, Massachusetts, United States · San Francisco, California, United States · San Diego, California, United States · Charlottesville, Virginia, United States

signal.nfx.comnextgenvp.com

NextGen Venture Partners (NGVP) is a US venture capital manager investing in B2B software, data, AI, robotics, health technology and other technology businesses from seed through growth stages. The legal manager is NextGen Venture Partners, LLC. It joined Brown Advisory in February 2018 while retaining its venture investment identity and network model; the March 30, 2026 parent disclosure identifies it as a relying adviser of Brown Advisory Investment Solutions Group LLC, with common ownership. These affiliated advisers and unrelated NextGen-branded businesses are not interchangeable. Its VP Engine connects portfolio founders with a network of business leaders who help source, assess and support investments; network venture partners are distinct from salaried core investment staff. The current NextGen directory names eight core professionals across Boston, San Diego, San Francisco, Charlottesville and Baltimore. The parent adviser’s legal address is 901 South Bond Street, Suite 400, Baltimore, Maryland. Its own portfolio and Dusty Robotics founder testimonial establish the industrial robotics relationship. Published typical check ranges describe investment strategy, not an allocation to a particular recipient. SEC legal fund records report cumulative subscriptions as of filing dates; these are distinguished from final cash closings, fund assets and parent-wide capital.

Founded
—
Type
Venture capital

Funds2

  • NextGen Ventures Fund III, L.P.$62M

    Delaware LP formed2021, CIK1926240; exact manager NextGenVenturePartnersLLC. April29,2024 amendment reports USD62,477,500 cumulative securities sold to218investors; firstsaleApril13,2022. Offering remains indefinite, so date is filing snapshot, not finalclose or incremental2024cash. Prior amendments are included, not additional raises.

  • NextGen Ventures Fund II (QP), L.P.$43M

    Exact Delaware qualified-purchaser LP, CIK1759899. November25,2020 FormD/A reports USD43,903,500 cumulative amount sold against indefinite offering. Structured date means filing snapshot, not final cashclose; this vehicle is separate from FundII(AI), and neither gross assets nor full parentcapital is assigned here.

Team

Operations and support

Ben BayatBen BayatManaging Partner
Chris KellerChris KellerManaging Partner
Corinne SmeriglioCorinne SmeriglioDirector of Operations
Deborah ChuDeborah ChuPrincipal
Jon BassettJon BassettManaging Partner
Katie WillgingKatie WillgingSenior Alternative Investments Analyst
Maxim KaroubiMaxim KaroubiInvestment Associate
Riley FinchRiley FinchInvestment Associate

Co-investing

Avidan Ross
Baseline Ventures
Root Ventures
Cantos Ventures
Y Combinator

Investments

$45M2022-05-10Dusty RoboticsScale Venture Partners, Avidan Ross, Root Ventures, NextGen Venture Partners, Baseline Ventures
$16M2021-06-15Dusty RoboticsCanaan Partners, Avidan Ross, Root Ventures, NextGen Venture Partners, Baseline Ventures, Cantos Ventures
$5M2019-11-26Dusty RoboticsNextGen Venture Partners, Avidan Ross, Root Ventures, Baseline Ventures, Cantos Ventures
$8M2025-10-17Fourier HealthYosemite, Tau Ventures (US), NextGen Venture Partners, Innospark Ventures
$—2024Momo MedicalY Combinator, NextGen Venture Partners, Uneti Ventures, PGGM
$9M2020Limbix HealthSequoia, GSR Ventures, NextGen Venture Partners
$5M2017-08-08CarDashFelicis, Y Combinator, NextView Ventures, Nexus Venture Partners, Index Ventures, Afore Capital, NextGen Venture Partners
$—Unknown dateGravity AINextGen Venture Partners
$—Unknown dateFourier HealthNextGen Venture Partners, Myelin VC, Despierta Ventures, Lasagna