Venture Capital

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NextGen Venture Partners

NextGen Venture Partners writes $500K–$2M checks into B2B startups, backed by a network of thousands of operating executives.

NextGen Venture Partners logo

NextGen Venture Partners

NextGen Venture Partners was founded with a specific thesis: early-stage B2B founders need more than capital. The firm deploys initial checks of $500,000 to $2 million into pre-seed and seed-stage companies, then follows on through growth rounds. Its portfolio spans enterprise software, digital health, fintech, and industrial technology, with named positions in Dusty Robotics, a construction robotics firm, and Carta, the global ownership management platform. The firm's strategy blends direct investing with a novel sourcing model. Its VP Engine — a standing network of thousands of executives — provides deal flow, due diligence, and portfolio support. Confirmed sectors include pharmacy benefits, at-home diagnostics, women's health, and cash-flow products for CPG brands. Geographic focus is North America, with deal teams in Baltimore, Boston, San Diego, and San Francisco. A team of eight professionals operates across those four offices, with three Managing Partners sharing decision-making authority. Since 2024, the firm has added a Senior Alternative Investments Analyst and two Investment Associates, signaling capacity build-out. Dusty Robotics credits the VP Engine as a unique value-add during its growth trajectory. NextGen's hybrid architecture sets it apart: it functions as a venture firm with an embedded executive network that resembles a syndicate. That structure keeps sourcing proprietary and diligence operator-led, a combination few early-stage managers replicate at scale.

General information

Firm type

Venture Capital

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Baltimore

Corporate office

Baltimore, MD, United States

Additional offices

Boston · San Diego · San Francisco · Charlottesville

Principals

Chris Keller

Managing Partner

Jon Bassett

Managing Partner

Ben Bayat

Managing Partner

Deborah Chu

Principal

Riley Finch

Investment Associate

Maxim Karoubi

Investment Associate

Corinne Smeriglio

Director of Operations

Katie Willging

Senior Alternative Investments Analyst

Sector focus

Enterprise SoftwareDigital HealthFinTechPropTechIndustrial Tech

Frequently asked questions

Who runs investment decisions at NextGen Venture Partners?

Decisions are led by three Managing Partners: Chris Keller, Jon Bassett, and Ben Bayat. The firm's website lists them as the sole managing partners, with a supporting team of four investment professionals. No single partner is designated as CEO or CIO, suggesting a consensus-driven investment committee.

How does NextGen Venture Partners source proprietary deal flow?

The firm's VP Engine — a curated network of thousands of executives — is its primary sourcing channel. These operators identify promising B2B startups, conduct diligence, and provide ongoing support. The network's scale and executive-level access create a proprietary funnel that is difficult for competitors to replicate.

What investment stages does NextGen Venture Partners target?

The firm leads pre-seed and seed rounds with initial checks of $500,000 to $2 million, then follows on through growth-stage rounds. Its portfolio page lists both active and exited companies, confirming a lifecycle approach from early conviction through scale.

Which sectors does NextGen Venture Partners explicitly focus on?

The firm invests exclusively in B2B startups. Confirmed sectors from its portfolio include enterprise software, digital health, fintech, construction robotics, and CPG infrastructure. There is no evidence of consumer, hardware, or climate-tech exposure in publicly listed holdings.

Is NextGen Venture Partners structured as a venture capital firm or a syndicate?

NextGen operates as a traditional venture firm with a hybrid syndicate layer. It raises institutional capital and writes direct checks, but its VP Engine — a standing network of executives — functions like a syndicate for sourcing and support. This architecture blends the governance of a fund with the reach of an angel network.

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