Profile
NXT Ventures is an angel and early-stage investment firm based in Boston. It was founded by Raymond Chang, a successful entrepreneur known for companies like GigaMedia and Luckypai, and Barry Turkanis, a former Managing Director at Goldman Sachs. The team's members bring experience from areas such as internet technology, telecommunications, real estate, and financial services. The firm distinguishes itself through its strong connections and networks, particularly in the Asian markets, facilitating cross-border synergies for its portfolio companies.
NXT Ventures invests across various sectors, typically focusing on disruptive startup companies. They support companies at the Pre-seed and Seed stages, focusing on providing capital and guidance. The firm's strategy involves a 5 to 7-year investment horizon and includes both direct and co-investment strategies. They emphasize cross-border opportunities, especially leveraging their connections in Asian markets for market expansion and strategic partnerships.
Some notable investments by NXT Ventures include Pika Energy - clean energy solutions, ClinicalResearch.io - clinical research management, Cimcon Lighting Inc. - smart city lighting, Rosieapp.com - grocery delivery platform, and Luminopia - immersive therapy. These investments reflect NXT Ventures’ commitment to supporting innovative startups across different verticals.
Industry
NXT Ventures Funds
| Name | Type |
|
|
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Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
NXT Ventures Fund II
|
Venture Capital (VC)
Angel investor
|
Fintech
Edtech
Digital
Consumer Services (B2C)
Gaming
Hardware
Healthcare Services
Industrial
Internet and Web Services
Marketing and Advertising
Media and Entertainment
Pharmaceuticals
SaaS
Software
Telecommunications
Energy
CleanTech
Internet of Things (IoT)
HealthTech
Logistics
|
Seed
Pre-seed
Series A
|
North America
Asia
|
$1-5 m
|
—
|
January 2018
|
Contacts
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