Next Gear Ventures logo

Next Gear Ventures

Asia, Tel Aviv, Israel, Herzliya

Description

Next Gear Ventures is an Israeli venture capital firm based in Herzliya, specializing in early-stage investments within the smart and sustainable mobility sector. The firm strategically targets startups innovating across key sub-sectors, including autonomous, connected, electric, shared, and active mobility solutions. With a clear focus on the future of transportation, Next Gear Ventures aims to identify and nurture companies that are poised to disrupt and redefine how people and goods move.

The firm manages multiple funds, demonstrating a growing commitment to the mobility ecosystem. Its first fund, Next Gear Fund I, successfully raised $30 million. Building on this foundation, Next Gear Ventures subsequently closed its second fund, Next Gear Fund II, at a substantial $70 million, significantly increasing its capacity to support promising ventures. These funds enable the firm to typically invest in Seed to Series A rounds, providing crucial capital during the formative stages of a startup's lifecycle.

Next Gear Ventures typically deploys initial investments ranging from $500,000 to $2 million. This check size range reflects their commitment to early-stage companies, providing the necessary runway for product development, market validation, and initial scaling. Beyond capital, Next Gear Ventures leverages its deep industry expertise and extensive network to offer strategic guidance, facilitate partnerships, and connect portfolio companies with key players in the global mobility landscape, thereby accelerating their growth and market penetration.

Investor Profile

Next Gear Ventures has backed more than 23 startups, with 4 new investments in the last 12 months alone. The firm has led 3 rounds, about 13% of its total and boasts 3 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Seed, Series B rounds (top funding stages).
  • Majority of deals are located in Israel, United States, United Kingdom.
  • Strong thematic focus on Software, Autonomous Vehicles, Manufacturing.
  • Led 1 rounds in the past year.
  • Typical check size: $500K – $2M.

Stage Focus

  • Series A (43%)
  • Seed (30%)
  • Series B (22%)
  • Series C (4%)

Country Focus

  • Israel (65%)
  • United States (22%)
  • United Kingdom (9%)
  • France (4%)

Industry Focus

  • Software
  • Autonomous Vehicles
  • Manufacturing
  • Automotive
  • Artificial Intelligence (Ai)
  • Machine Learning
  • Navigation
  • Cyber Security
  • Drones
  • Gps
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Next Gear Ventures frequently co-invest with?

Jump Capital
North America, Illinois, United States, Chicago
Co-Investments: 3
Honeywell Ventures
North America, California, United States, Menlo Park
Co-Investments: 2
ComfortDelGro Capital Partners
Asia, Central Region, Singapore, Singapore
Co-Investments: 2
Deep Insight
Asia, Tel Aviv, Israel, Herzliya
Co-Investments: 2
OurCrowd
Asia, Yerushalayim, Israel, Jerusalem
Co-Investments: 8
Volvo Group Venture Capital
Europe, Vastra Gotaland, Sweden, Gothenburg
Co-Investments: 2
NextLeap Ventures
Asia, Tel Aviv, Israel, Herzliya
Co-Investments: 2
MoreTech Ventures
Asia, Tel Aviv, Israel, Tel Aviv
Co-Investments: 2
83North
Europe, England, United Kingdom, London
Co-Investments: 3
Maniv Mobility
Asia, Tel Aviv, Israel, Tel Aviv
Co-Investments: 2

Which angels does Next Gear Ventures often collaborate with?

Boaz Schwartz
Asia, Tel Aviv, Israel
Shared Deals: 1
Shared Deals: 1
DD
North America, California, United States, Los Gatos
Shared Deals: 1
LF
Europe, England, United Kingdom, London
Shared Deals: 1
HM
North America, New York, United States, New York
Shared Deals: 1
Shared Deals: 1

What are some of recent deals done by Next Gear Ventures?

Kardome

Tel Aviv-yafo, Tel Aviv, Israel

Kardome Cuts Through The Noise With Clear Voice Interaction Technology

ConsumerElectronicsReal TimeSoftware
Series ANov 6, 2024
Amount Raised: $10,000,000
Lidwave

Jerusalem, Yerushalayim, Israel

Disruptive 3D Sensing Architecture

3D TechnologyHardwareManufacturingSensor
SeedOct 14, 2024
Amount Raised: $10,000,000
Bib Batteries

Paris, Ile-de-France, France

BiB Batteries is a developer of battery monitoring software designed to optimize batteries' performances.

B2BInformation ServicesSoftware
SeedSep 10, 2024
Amount Raised: $2,424,472
Clearly.Earth

London, England, United Kingdom

AI driven SaaS platform for smarter mobility emission management for fleet owners, operators and customers.

Information TechnologyMobileSoftware
SeedAug 13, 2024
Amount Raised: $4,343,788
MagnusMetal

Rehovot, HaMerkaz, Israel

MagnusMetal offers digital casting solutions for metal alloys.

Machinery ManufacturingManufacturing
Series BApr 18, 2024
Amount Raised: $74,000,000
Carrar

Sderot, HaDarom, Israel

Carrar manufactures and designs a wide range of thermal management technology systems for the electric mobility industry.

AutomotiveElectric VehicleEnergy EfficiencyManufacturingProduct Design
Series AApr 9, 2024
Amount Raised: $5,300,000
CorrActions

Jerusalem, Yerushalayim, Israel

CorrActions is a software-based platform that's used in a product with human-machine interaction.

Human Computer InteractionInformation TechnologySoftware
Series ADec 12, 2023
Amount Raised: $7,250,000
NoTraffic

Palo Alto, California, United States

NoTraffic is a software company that creates an autonomous traffic management platform in order to alleviate traffic congestion.

Artificial Intelligence (AI)Computer VisionMachine LearningSaaSTransportation
Series BJun 27, 2023
Amount Raised: $50,000,000
Foretellix

Tel Aviv, Tel Aviv, Israel

Foretellix is enabling the digital transformation of safety-critical automotive verification for large-scale deployment.

AutomotiveAutonomous VehiclesSoftware
Series CMay 2, 2023
Amount Raised: $85,000,000
infiniDome

Caesarea, Hefa, Israel

infiniDome develops GPS protection solutions defending the GPS systems of Drones, vehicles & critical infrastructure from jamming attacks

Autonomous VehiclesCyber SecurityDronesGPSHomeland SecurityNavigation
Series AApr 24, 2023
Amount Raised: $9,000,000