# Next Wave Impact

Next Wave Impact is a Venture Capital based in Denver, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Denver, United States
- **Region:** North America
- **Address:** Denver, CO, United States
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** nextwaveimpact.com
- **LinkedIn:** https://www.linkedin.com/company/next-wave-ventures

## Regulatory record

- **CRD number:** 289215
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/289215

## About

The Next Wave Network is a global movement to increase women's participation in angel investing. It provides an investment portfolio in start-ups, education on the investment process, and a global community of successful business women across the US, Europe, Africa, Middle East, Asia, and Latin America. The Next Wave Impact has made 12 investments, including a Pre-Seed investment in FutureMoney on October 09, 2024, and has achieved 3 portfolio exits, with the latest being NeedsList on January 08, 2024.

## Sectors

- Enterprise Software
- Digital Health
- AI/ML
- ClimateTech
- Education

## People

- Alicia Robb — Founder and CEO
- Kevin Smith — Managing Director

## Questions

### How does Next Wave Impact's apprenticeship model actually work?

The firm runs a cohort-based fund structure where accredited investors commit to a full portfolio of early-stage deals over an 18- to 24-month cycle. Participants receive structured angel investing training — including live webinars, diligence frameworks, and access to the firm's investment memos — while co-investing alongside experienced lead angels. The training component distinguishes it from a traditional angel syndicate: cohort members are explicitly building investing skills as they deploy capital.

### Does Next Wave Impact lead rounds or co-invest?

The firm primarily co-invests alongside experienced lead angels or early-stage funds rather than leading rounds itself. The model relies on a network of seasoned angel investors who bring vetted deal flow to the cohorts, and Next Wave Impact's participants invest alongside those leads under syndicate-style terms.

### Who runs investment decisions at Next Wave Impact?

Founder and CEO Alicia Robb oversees the firm's strategy and investment direction, drawing on her background as an economist and angel investor. The Managing Director and broader team manage cohort operations and deal diligence, but final investment decisions within each cohort vehicle involve both the firm's investment committee and the sourcing lead angels who present deals.

### Is Next Wave Impact structured as a venture firm or an educational nonprofit?

It is structured as a for-profit asset management firm operating venture capital vehicles, not a nonprofit. The educational component is embedded in the fund economics — training is a feature of the investment product, not a separate philanthropic program — which makes the structure distinct from both traditional VC firms and standalone investor education nonprofits.

### Which sectors does Next Wave Impact typically target?

The firm invests across enterprise software, digital health, climate technology, and education technology, among other sectors. It does not publicly exclude any major sector but favors companies with high-growth potential and scalable business models at the pre-seed and seed stages.

### Where does the firm source its deal flow?

Deal flow comes primarily from the firm's network of experienced lead angels, many of whom are alumni of prior cohorts or affiliated angel groups. As each cohort graduates, the alumni network itself becomes a sourcing channel, which creates a flywheel effect — more alumni mean more eyes on more early-stage deals for future cohorts.

## Related profiles

- [Next Level Ventures](https://altss.com/profile/next-level-ventures)
- [Nexus Partners](https://altss.com/profile/nexus-partners)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/next-wave-impact

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology