NEXT Frontier Capital
Next Frontier Capital (NFC) is an early-stage venture capital firm based in Bozeman, Montana, founded in 2015. The firm focuses on supporting mission-driven entrepreneurs who are developing high-impact technology companies with national or global potential. Initially established with a $20 million fund for Montana ventures, NFC has expanded its reach across the Rocky Mountain region, managing approximately $250 million across four funds as of 2026. NFC invests primarily in Seed to Series A funding rounds, typically deploying between $2 million and $5 million in initial investments. The firm e
Investing activity
NEXT Frontier Capital appears in 3 AI deals tracked by the AI Lounge deals desk, and led 2 of them. The rounds are mostly Seed, with a median round size of $7M and the largest at $7M. The most recent are HighGround (Seed, $6.5M, Jun 2026), GetWhys (Seed, $5.2M, Apr 2026) and Gravity (Seed, $7M, Apr 2026).
NEXT Frontier Capital most often invests alongside Tandem Ventures, Context Capital Management, Fulcrum Venture Group and EPIC Ventures, and the companies it backs on AI Lounge are mostly in AI.
Deals
Frequently asked questions about NEXT Frontier Capital
What AI companies has NEXT Frontier Capital invested in?
NEXT Frontier Capital's AI investments include HighGround, GetWhys and Gravity. The 3 rounds on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is NEXT Frontier Capital based?
NEXT Frontier Capital is based in Bozeman, Montana, United States.
What stage does NEXT Frontier Capital invest at?
In the rounds tracked on AI Lounge, NEXT Frontier Capital has invested at Seed, with a median round of $7M. NEXT Frontier Capital led 2 of those rounds.
Who does NEXT Frontier Capital co-invest with?
NEXT Frontier Capital's most frequent co-investors on AI Lounge are Tandem Ventures (1 deal), Context Capital Management (1 deal), Fulcrum Venture Group (1 deal), EPIC Ventures (1 deal) and Tuesday Capital (1 deal).
How can founders reach NEXT Frontier Capital?
Founders on AI Lounge can see NEXT Frontier Capital's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add NEXT Frontier Capital to their Investor Pipeline to track the conversation.