NextGen Ventures Raises $52M for Second Fund

5/19/20

By Kia Kokalitcheva, Axios

NextGen Venture Partners has raised $52 million for its second fund, the early-stage investment firm tells Axios.

In context: Unlike many VC firms that are now shifting to work from home, NextGen has been distributed from the start, including an extensive network of 1,300 venture partners. Startup pitches via Zoom are routine, and NextGen even built its own social network-like software for managing deals.

What they're saying: Managing partner Jon Bassett tells Axios:

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