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.
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.
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.
Next Frontier Capital centralizes integrity, as we empathize 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.
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.
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.
Will Price and Richard Harjes founded NFC to bring early stage capital to founders in Montana.
Fund II expands the firm’s thesis across Montana, Utah, and Colorado. Les Craig joins as third GP.
Fund III establishes NFC as a partner of choice for early-stage founders across the Rocky Mountains. Kirsten Suddath joins as fourth GP, Mandy Culver joins as Operations Manager, and Garrett Leach joins as Associate.
Fund IV investments will allow NFC to take advantage of the firm’s position as the trusted provider of capital for early-stage founders. Scott Holton joins as CFO and Franz Kofler joins as Senior Associate.
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.
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.
