The Firm

founded in bozeman, mt 2015

Next Frontier Capital is an early-stage venture capital firm backing mission-driven, talented entrepreneurs building Rocky Mountain technology companies of impact, utility, and value. The Firm is backed by a well-diversified pool of investors, endowments, foundations, and executives from the world’s top technology and financial firms, who join us in recognizing the region’s extraordinary growth in technology deal flow. NFC is now investing out of our fourth fund, targeting early stage founders looking to raise between $2 - $10 million equity financing rounds.


Motivation Matters

We believe that purity of motivation is an accurate predictor of success. Knowing your “why” is the rudder that steers your pursuit, and by partnering with mission-driven entrepreneurs, NFC supports startup companies to achieve both scale and value.

Love of Place

We love the Rocky Mountains and the free-ranging lifestyles our communities pursue. We live in the mountains on purpose and live balanced lives, walking between hard work, family, community, and play. By investing in place, we create meaningful impact on the communities we support to drive company formation, job creation, and income growth, while building an organization that sustains across generations.

Respect for Founders

Next Frontier Capital empathizes with the incredible challenges and difficulties faced by founders and company builders. We gladly acknowledge our responsibility to our founders and take our commitments to availability, honesty, and support seriously.

Diverse Perspectives & Intellectual Rigor

NFC is characterized by hard work, thoughtful analysis, intellectual rigor, and a commitment to the multi-layered processes and inquiries required to make informed decisions. We draw upon our education, experience and intuition to support founders and startups who share our intention toward precision, mission, and outcome.

Diverse teams outperform non-diverse teams. We value diversity of thought, perspective, and experience and encourage inclusive challenges to thinking.

Beyond Politics

In a cultural context of increasing political tension, we aim our focus on positivity and mutual support. Rather than engaging in divisive conversations, we foster a collaborative, supportive environment focused on high-performance as an interconnected team rather than a collection of individuals.


From Start-up to Institution

NFC is an early-stage fund founded in 2015, built to back the best founders across the Rocky Mountains. Our core focus is Series Seed and Series A B2B Tech and Deep Tech companies, complimented with opportunistic investments adjacent to our core markets and thesis.

Supporting Founders at the Seed and
Series A Rounds.

Next Frontier Capital invests in 4-6 companies per year in markets where we have deep domain expertise and the ability to deliver unique value for our founders. We primarily invest in B2B industries with high intellectual property value with an NFC check size of $2-$5m.

NFC is currently targeting companies in the following industries:
Enterprise Technology ("B2B SaaS"), Financial Technology, Cybersecurity, AI/ML + Data, CleanTech/Climate Tech, Deep Tech.

Non-Focus Areas: While always keeping an open mind, Next Frontier Capital is not actively pursuing investments in:
Crypto, Healthcare IT/MedTech/BioTech, Consumer SaaS, Social Networks, AdTech, or Consumer Packaged Goods companies.


Funding Rocky Mountain Innovation

Next Frontier Capital is centrally focused on investing in founders (or teams) located in the Rocky Mountain region. With three primary offices (Bozeman, Boulder, and Salt Lake City), our goal is to be as close to our founding teams as possible.

We invest in fully remote teams that have employees and/or leadership in the Rocky Mountains; and Companies looking to build in a decentralized way, but with an emphasis on the Intermountain West Region.


Funding Rocky Mountain Innovation

With more tech workers moving to the Mountain West than ever before, we are proud to support our founders & invest in their companies sooner. We aim to
bridge the gap in available capital during early stages to allow expansion
realized in later rounds.

While highly selective, once committed, we roll up our sleeves & work hard to provide the team with capital, support, and counsel.

Our thorough & focused diligence process is based on a company’s mission, market, management team, product-market fit, technology, and business model. The Firm prefers to syndicate its investments and aims to take a board seat on deals where it is the lead investor.