# UBS Next

UBS Next is a Fintech CVC based in New York, United States.

## Overview

- **Organization type:** Fintech CVC
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States; Zurich, Switzerland
- **Founded:** 2020
- **Assets under management:** $200M–$500M (Altss estimate)
- **Website:** ubs.com/next
- **LinkedIn:** https://www.linkedin.com/company/ubs-next

## Regulatory record

- **Reports private funds:** No

## About

UBS Next is the corporate venture arm of UBS, based in Zurich, Switzerland. It has made 12 investments, including Ethic in Series D on April 03, 2025. UBS Next has one portfolio exit, Numarics, which exited on October 18, 2024.

## Sectors

- FinTech
- Enterprise Software
- WealthTech
- Capital Markets Tech
- InsurTech
- Cybersecurity
- RegTech
- Digital Assets

## Offices

- Zurich, Switzerland

## People

- Mike Dargan — Group Chief Operations and Technology Officer
- Sabine Keller-Busse — Group Chief Operating Officer and President UBS Europe, Middle East and Africa (former)

## Questions

### Who runs investment decisions at UBS Next?

UBS Next sits under Group Chief Operations and Technology Officer Mike Dargan, who has executive oversight. Individual investment decisions are made by the dedicated UBS Next team, drawing on technical evaluations from business-unit stakeholders across the bank. The unit does not operate as a separate legal entity with its own investment committee independent of the group; it is an internal strategic program.

### Does UBS Next participate in fund commitments or only direct deals?

UBS Next makes direct equity investments and co-investments into early- and growth-stage companies. While UBS Group maintains separate third-party fund investment programs through its asset management, private equity, and principal investments divisions, UBS Next's announced mandate and public portfolio disclosures to date have been exclusively direct company stakes.

### What investment stages does UBS Next typically target?

The unit targets Series A through growth-stage rounds, with a preference for companies that already have market traction and for which UBS can realistically serve as a design partner or early enterprise customer. It has not been active in seed or pre-seed stages based on its public portfolio, and it aims for meaningful minority positions alongside other institutional VC investors rather than control stakes.

## Related profiles

- [Dace Asset Management](https://altss.com/profile/dace-asset-management)
- [Valedo](https://altss.com/profile/valedo)

---

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

Canonical page: https://altss.com/profile/ubs-next

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