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Next Frontier Capital
Next Frontier Capital is an early-stage venture capital firm investing nationally, with a distributed team across three offices in Bozeman, MT; Boulder, CO;...
Overview
Next Frontier Capital is an early-stage venture capital firm investing nationally, with a distributed team across three offices in Bozeman, MT; Boulder, CO; and Salt Lake City, UT. It leads Seed through Series A rounds across four areas: Enterprise Intelligence (AI infrastructure and applications, dev tools, data, workflow automation), Financial Systems (WealthTech, lending, capital markets, compliance, banking infrastructure), National Security (cybersecurity, GovTech, defense, threat intelligence, identity), and Critical Infrastructure (energy, logistics, compute, photonics, industrial automation). It does not invest in Healthcare IT, MedTech, BioTech, Crypto, Consumer SaaS, Social Networks, AdTech, or CPG.
General information
Firm type
Private Equity
Year founded
2015
Location
Region
North America
Country
United States
City
Bozeman
Corporate office
Bozeman, MT, United States
Additional offices
Salt Lake City, UT · Boulder, CO
Principals
Richard Harjes
Co-Founder & General Partner
Will Price
Co-Founder & General Partner
Les Craig
General Partner
Sector focus
Frequently asked questions
How does Next Frontier Capital source deal flow?
The firm sources through a geographic-concentration model centered on Montana, Utah, and Colorado. It maintains offices in Bozeman, Salt Lake City, and Boulder, and draws on relationships within regional startup communities, universities, and federal research labs. The thesis is that physical proximity generates proprietary access to founders who are outside the traditional coastal venture pipeline.
Which sectors does Next Frontier Capital explicitly avoid?
Next Frontier Capital does not invest in Healthcare IT, MedTech, BioTech, Crypto, Consumer SaaS, Social Networks, AdTech, or CPG. Its focus concentrates in four areas: Enterprise Intelligence, Financial Systems, National Security, and Critical Infrastructure, spanning seven named sectors: AI/Data, B2B Software, Climate, Deep Tech, FinTech, Defense Tech, and Cybersecurity.
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