# NextGen Ventures

NextGen Ventures is a Venture Capital based in Ede, Netherlands.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Ede, Netherlands
- **Region:** Europe
- **Address:** Ede, Netherlands
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** www.nextgenventures.com.au
- **LinkedIn:** https://www.linkedin.com/company/nextgen-ventures

## Regulatory record

- **Reports private funds:** No

## About

Founded in 2013 by Mitchell Hughes and Jerry X'Lingson, NextGen Ventures operates as an early-stage venture firm that targets Australian student founders. The vehicle was built to intercept talent at the university level, often before a startup formally incorporates or raises from mainstream Australian VCs. Its network of advisors and LPs includes early backers Niki Scevak of Blackbird Ventures and Paul Naphtali of Rampersand, connecting the fund to two of Australia's most prominent early-stage managers. NextGen deploys through a first-cheque model, covering pre-seed and seed rounds for young founders it sources via university ecosystems and its own hackathon, FoundersHack. The firm's strategy concentrates on health and medical sectors, with explicit avoidance of companies active in pharmacy. Confirmed portfolio founders include Finnlay Morcombe, Liam Fuller, Anthony Tsougranis, and Mina Na, reflecting a pattern of backing student teams at the ideation stage. The geographic focus is sharply on Australia, with deal flow generated domestically despite the firm's administrative base in the Netherlands. The team operates with a lean core — Hughes and X'Lingson act as the founding partners supported by Investment Committee member Chris Gillings — and discloses no additional offices beyond Ede. In 2025, both founders were named to the Forbes 30 Under 30 list, underscoring the firm's youth-oriented brand. The firm participates in the Cremorne Digital Hub, anchoring it within Melbourne's tech ecosystem. NextGen's structural differentiator is its university-origination mandate: it runs a proprietary student startup funding report and a dedicated hackathon series to generate pipeline before ventures reach formal accelerator programs. This model creates a sourcing funnel that is distinct from both Australian accelerator funds and later-stage early investors — effectively acting as a talent-scouting layer rather than purely a capital provider.

## Sectors

- Health & Medical

## People

- Mitchell Hughes — Co-founder and Founding Partner
- Jerry X'Lingson — Co-founder and Founding Partner

## Questions

### Who runs investment decisions at NextGen Ventures?

Investment decisions are run by co-founders Mitchell Hughes and Jerry X'Lingson, with oversight from Investment Committee member Chris Gillings. The firm also draws on the advisory input of co-investors Niki Scevak of Blackbird Ventures and Paul Naphtali of Rampersand.

### How does NextGen Ventures source proprietary deal flow?

NextGen sources its pipeline primarily through Australian university ecosystems and its student-focused hackathon, FoundersHack. The firm publishes a Student Startup Funding Report to track emerging founders, and its partners actively engage with campus networks to intercept talent before ventures reach institutional accelerator programs.

### What is NextGen Ventures' known posture on co-investments alongside external GPs?

NextGen co-invests alongside early-stage Australian managers such as Blackbird Ventures and Rampersand, whose partners serve as advisors and LPs to the fund. The firm's small first-cheque model makes it a natural syndicate partner rather than a lead investor in larger rounds.

### Where does the underlying capital come from?

The firm does not disclose its specific LP base publicly, but Altss research identifies partners at Blackbird Ventures and Rampersand as early backers and co-investors. The capital is pooled from external LPs rather than a single-family fortune.

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

Canonical page: https://altss.com/profile/nextgen-ventures

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