NEXT VENTŪRES

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Overview

NEXT VENTŪRES is an early-stage venture capital firm founded in 2018 or 2019 that invests in growth-oriented companies in sports, fitness, outdoor, endurance, nutrition, wellness, and healthtech sectors. It focuses on Series B investments with ticket sizes of $1-5 million and leverages the expertise of its leadership in athletics, sports marketing, and technology to support portfolio companies. The firm manages closed funds including one from January 2021 and Next Ventures II from November 2024, with approximately $50 million in assets under management.¹²⁴

History

NEXT VENTŪRES was founded in 2018 (or 2019 per some sources) by Lance Armstrong, a former professional cyclist, Melanie Strong, with 20 years in sports marketing from Nike, and Julian Eison, an entrepreneur with technical expertise.¹² The firm is based in the United States, with offices noted in San Francisco and Austin.¹⁴⁶ It has closed two funds, including Next Ventures II in November 2024.⁴

Reputation

NEXT VENTŪRES is perceived as a niche VC firm benefiting from its founders' high-profile networks in sports and wellness, positioning it to aid portfolio companies in brand development and market access.¹ Professionals note its focus on specific sectors like healthtech and sports, with investments at Series B stage across global regions.¹ Limited public data on portfolio performance or exits exists in available sources.

Sources (6)