# NXT Ventures

NXT Ventures is a Venture Capital based in Marblehead, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Marblehead, United States
- **Region:** North America
- **Address:** 5 Sewall Street, Marblehead, MA 01945, United States
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** www.nxtventures.com
- **LinkedIn:** https://www.linkedin.com/company/nxtventures

## Regulatory record

- **Reports private funds:** No

## About

NXT Ventures is a Boston-based investment firm that seeds and supports some of the most innovative startup companies in New England and New York. We typically look to partner with entrepreneurs and their teams early in their journeys to provide the capital and ongoing guidance needed to bring their potentially disruptive solutions to market and scale. We also specialize in helping our portfolio companies explore cross-border synergies, especially in the Asian markets, including opportunities that leverage our vast network and span across manufacturing, distribution and strategic partnerships.

## Sectors

- Enterprise Software
- AI/ML
- SpaceTech
- Energy Transition & Renewables
- AgriTech & FoodTech
- Mobility & Transportation
- Robotics & Automation
- PropTech
- FinTech
- Digital Health
- Media & Entertainment
- Healthcare Services
- Industrial Tech

## People

- Raymond Chang — Managing Director
- Barry Turkanis — Managing Director
- Kacey Muldoon — Chief Financial Officer
- Jared Jaffe — Senior Associate

## Questions

### Who runs investment decisions at NXT Ventures?

Managing Directors Raymond Chang and Barry Turkanis lead all investment decisions. Chang contributes operating and entrepreneurial expertise from founding and selling companies in Asia, while Turkanis brings institutional allocation and risk-management experience from his tenure as co-head of mortgage sales and trading at Goldman Sachs. The team also includes CFO Kacey Muldoon and Senior Associate Jared Jaffe, who support due diligence and portfolio management.

### How does NXT Ventures source its deals?

The firm sources primarily through the personal networks of its managing directors, with particular strength in the Boston-area angel ecosystem and Asian cross-border corridors. Chang's affiliations with Yale, Babson, the Young President's Organization, and Boston Hub Angel provide academic and entrepreneurial deal flow. Turkanis's Goldman Sachs alumni network and his real estate and alternative-asset relationships supply additional inbound opportunities.

### How is NXT Ventures related to Ocean Gate Capital Management?

Managing Director Barry Turkanis co-founded Ocean Gate Capital Management in 2004 and remains a principal, while CFO Kacey Muldoon concurrently serves as CFO of Ocean Gate. The relationship creates an affiliated structure where NXT's early-stage venture activities sit alongside Ocean Gate's broader alternative-asset management, but NXT operates as a distinct angel investment fund with its own portfolio and co-investors.

### What is NXT Ventures' stance on cross-border expansion for its portfolio companies?

Cross-border expansion, particularly into Asian markets, is an explicit part of the firm's value proposition. NXT states it helps portfolio companies explore synergies in manufacturing, distribution, and strategic partnerships across Asia. This is a direct extension of Raymond Chang's operating history building and selling companies in Greater China, and it represents a deliberate strategic thesis rather than passive support.

## Related profiles

- [NXTP Ventures](https://altss.com/profile/nxtp-ventures)
- [NYBC Ventures](https://altss.com/profile/nybc-ventures)

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

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