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NextGen Ventures

NextGen Ventures is an Australian venture capital fund focused on supporting young and student founders. It aims to empower these entrepreneurs through early-stage investments and mentorship, fostering a supportive ecosystem for startup growth.

Founded
2024
Recorded stages
Friends Family, Angel, Accelerator, Pre Seed, Seed
Recorded regions
Australia

Online destinations

Find NextGen Ventures online

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Official links

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Overview

NextGen Ventures is a pioneering venture capital fund based in Australia, launched in late 2024 by co-founders Mitchell Hughes and Jerry X'Lingson. The fund is dedicated to supporting young Australian student founders who are still in university, providing them with the necessary capital and mentorship to build global companies. As Australia's first student-focused VC fund, NextGen Ventures aims to back these founders before others do, emphasizing a founder-first approach and investing in various sectors, including AI, consumer technology, and agtech. The organization also runs the FoundersHack program, which serves as a community-building channel for aspiring entrepreneurs.

Focus

NextGen Ventures specializes in providing first-cheque investments to early-stage startups. The fund is particularly focused on young Australian entrepreneurs, offering support through fundraising, early hires, and mentorship. By targeting founders who are still connected to their university networks, NextGen Ventures aims to help them transition from ideas to successful companies.

Support

NextGen Ventures provides more than just capital; they offer mentorship, support with early hires, and assistance in fundraising. The organization is committed to removing practical blockers for founders, ensuring they have the resources and guidance needed to succeed. Their FoundersHack program serves as a community-building channel, helping student builders validate and develop their ideas into venture-scale solutions.

Questions

What are the investment criteria for NextGen Ventures?

NextGen Ventures focuses on early-stage startups, particularly those led by young Australian entrepreneurs. They provide first-cheque investments and look for innovative solutions in sectors like AI, consumer technology, and agtech.

How can I pitch to NextGen Ventures?

Interested founders can submit their pitches through the application link provided on their website. It is recommended to include a clear business model, market analysis, and details about the founding team in the pitch deck.

What makes NextGen Ventures different from other investors?

NextGen Ventures emphasizes a founder-first approach, providing not just capital but also mentorship and guidance throughout the startup journey. Their focus on young entrepreneurs sets them apart in the venture capital landscape.

What is the typical check size for investments?

NextGen Ventures typically invests up to $100,000 as a first cheque for early-stage startups, providing essential funding to help founders get started.

What is the geographic focus of NextGen Ventures?

The firm primarily targets startups based in Australia, particularly those founded by young entrepreneurs. Their commitment to the local ecosystem is evident in their investment strategy.

What kind of support do portfolio companies receive post-investment?

NextGen Ventures offers mentorship, guidance on fundraising, and assistance with early hires to ensure the growth and sustainability of their portfolio companies.

Check your startup’s fit

Check your startup’s fit with NextGen Ventures

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