NEXT Optimized
NEXT Optimized last closed a fund in December 2024 — 23 months ago.
It raises on several lines, too close together for one rhythm. No month is guessed; the filing will say.
Mid-cycle This firm is far enough into its last fund to be investing, and too early to be raising again.
- Funds on file
- 5
- Capital raised
- $86M+
- Latest close
- December 2024
- Based in
- CA, DE, TX
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| NEXT Optimized III, LP | December 2024 | not stated | 0002047474 ↗ |
| Next Ventures II, LP | March 2024 | $23M | 0001980719 ↗ |
| Next Optimized II, LP | May 2021 | $5M | 0002042646 ↗ |
| Next Optimized I, LP | April 2021 | $6M | 0002042641 ↗ |
| Next Ventures, LP | June 2019 | $51M | 0001781390 ↗ |
1 of these filed no amount (an “Indefinite” offering), so the total above is a floor.
Dated from filing date; no date of first sale was reported.
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
Named on filings
Lance Armstrong, Melanie Strong, Lionel Conacher, Julian Eison
What NEXT Optimized invests in
- Typical fund
- $23M median, pre-seed / seed scale
- Website
- nextventures.com
Service providers
- Fund administrator
- Carta (4 funds)
- Auditor
- KPMG (2 funds)
From Form ADV filed by NEXT VENTURES MANAGEMENT, LLC CRD 309808 ↗, latest filing March 2026, covering 4 funds linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.