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NXT Ventures

North America, Massachusetts, United States, Marblehead

Description

NXT Ventures is a venture capital firm based in Marblehead, Massachusetts, specializing in early-stage technology companies with a strong emphasis on global ambitions and cross-border synergies. Established in 2017, the firm actively seeks out disruptive startups poised for international scalability. Their investment thesis centers on identifying innovative solutions and business models that have achieved product-market fit and are ready for rapid expansion.

The firm primarily invests in Seed to Series A funding rounds, targeting companies with robust management teams and large addressable markets. NXT Ventures demonstrates a broad sector interest, including but not limited to Artificial Intelligence, Blockchain, Software-as-a-Service (SaaS), Fintech, Healthtech, Cleantech, and the Internet of Things (IoT). This diverse focus allows them to engage with a wide array of cutting-edge technologies that promise significant market transformation.

Since its inception, NXT Ventures has built a notable portfolio, having made 17 investments across various technology sectors. While they are active participants in funding rounds, they have taken on a lead investor role in 2 of these investments, indicating a strategic approach to their portfolio construction. Their typical first check sizes align with their stated focus on Seed to Series A stages, reflecting their commitment to supporting companies from their foundational growth phases through their initial scaling efforts.

Investor Profile

NXT Ventures has backed more than 55 startups, with 0 new investments in the last 12 months alone. The firm has led 6 rounds, about 11% of its total and boasts 13 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series Unknown, Series A rounds (top funding stages).
  • Majority of deals are located in United States.
  • Strong thematic focus on Software, Manufacturing, Artificial Intelligence (AI).
  • Typical check size: $250K – $5M.

Stage Focus

  • Seed (51%)
  • Series Unknown (20%)
  • Series A (15%)
  • Series B (9%)
  • Convertible Note (4%)
  • Series E (2%)

Country Focus

  • United States (100%)

Industry Focus

  • Software
  • Manufacturing
  • Artificial Intelligence (Ai)
  • Saas
  • Information Technology
  • Enterprise Software
  • Analytics
  • Clinical Trials
  • Data Storage
  • Management Information Systems
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FAQ

Frequently Asked Questions

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

Who does NXT Ventures frequently co-invest with?

WAVE Equity Partners
North America, Massachusetts, United States, Boston
Co-Investments: 4
LaunchPad Venture
North America, Massachusetts, United States, Newton
Co-Investments: 7
Sidecar Angels
North America, Massachusetts, United States, Somerville
Co-Investments: 4
Techstars
North America, Colorado, United States, Boulder
Co-Investments: 5
Right Side Capital Management
North America, California, United States, San Francisco
Co-Investments: 3
Nauta Capital
Europe, England, United Kingdom, London
Co-Investments: 5
Bantam Group
North America, Massachusetts, United States, Westwood
Co-Investments: 6
Rally Ventures
North America, California, United States, Menlo Park
Co-Investments: 5
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 3
Stage 1 Ventures
North America, Massachusetts, United States, Waltham
Co-Investments: 3

Which angels does NXT Ventures often collaborate with?

CC
North America, Massachusetts, United States, Concord
Shared Deals: 1
RC
North America, Massachusetts, United States, Boston
Shared Deals: 4
AH
North America, Massachusetts, United States, Boston
Shared Deals: 2
BL
North America, Oregon, United States, Portland
Shared Deals: 1
Shared Deals: 2
BC
North America, Massachusetts, United States, Boston
Shared Deals: 1
SH
North America, United States
Shared Deals: 2
LL
Asia, Sri Lanka
Shared Deals: 1
WW
North America, Massachusetts, United States, Boston
Shared Deals: 2
JD
North America, Massachusetts, United States, Boston
Shared Deals: 3

What are some of recent deals done by NXT Ventures?

Raven360

Framingham, Massachusetts, United States

Raven360 provides a sales readiness platform that delivers up-to-date and consistent sales content, training and coaching.

Corporate TrainingE-LearningEnterprise SoftwareSalesSecuritySoftware
Series BAug 4, 2022
Amount Raised: $8,000,000
Clinical Research IO

Boston, Massachusetts, United States

Clinical Research IO is a health tech company developing eSource technology to streamline clinical research workflow.

Clinical TrialsData StorageInformation TechnologyManagement Information Systems
Series BJan 12, 2022
Amount Raised: $9,000,000
Clinical Research IO

Boston, Massachusetts, United States

Clinical Research IO is a health tech company developing eSource technology to streamline clinical research workflow.

Clinical TrialsData StorageInformation TechnologyManagement Information Systems
Series AFeb 28, 2021
Amount Raised: $3,500,000
Clinical Research IO

Boston, Massachusetts, United States

Clinical Research IO is a health tech company developing eSource technology to streamline clinical research workflow.

Clinical TrialsData StorageInformation TechnologyManagement Information Systems
Convertible NoteMar 1, 2020
Amount Raised: $1,400,000
Connectbase

Westborough, Massachusetts, United States

Connectbase utilizes location-based insights and automation to buy and sell connectivity.

AnalyticsLocation Based ServicesMarketing AutomationSaaS
Series AJul 30, 2019
Amount Raised: $5,300,000
Ambi

Boston, Massachusetts, United States

Ambi is designed to centralize the college experience for students through a productive and powerful social network.

EdTechProductivity ToolsSocial NetworkSoftware
Series ADec 18, 2018
Amount Raised: $5,000,000
CHASM Advanced Materials

Canton, Massachusetts, United States

CHASM Advanced Materials develops and manufactures advanced carbon nano materials.

Advanced MaterialsChemical EngineeringManufacturingNanotechnology
Series AOct 2, 2018
Amount Raised: $11,000,000
NestReady

New Castle, Delaware, United States

A financial technology company that partners with mortgage lenders to offer a seamless digital homebuying experience for their clients

Financial ServicesFinTechInsuranceMortgageReal Estate
Series UnknownSep 24, 2018
Amount Raised: $5,700,000
Lionano

Woburn, Massachusetts, United States

Lionano is a material manufacturing company commercializing an advanced drop-in replacement material for the lithium-ion batteries.

BatteryChemical EngineeringManufacturingNanotechnology
Series BSep 24, 2018
Amount Raised: $22,000,000
ConnectM Technology Solutions

Marlborough, Massachusetts, United States

ConnectM brings remote efficiency, insight, and control to the operations of mechanical equipment using a powerful sensor and AI platform.

Artificial Intelligence (AI)Industrial AutomationInternet of ThingsMachine LearningSoftware
SeedJul 18, 2018
Amount Raised: $2,500,000