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Next Billion Ventures

Founders Christopher Schroeder Ken Toyoda Ruzgar Barisik

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 30
Average round size
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The average size of a deal this fund participated in
$8M
Portfolio companies 18
Rounds per year 6.00
Lead investments 1
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.40
Key employees 1
Stages of investment
Venture

Areas of investment

  • Financial Services
  • Marketplace
  • FinTech
  • Employee Benefits
  • Real Estate
Summary

Next Billion Ventures is the famous VC, which was founded in 2018. The main office of represented VC is situated in the Washington. The fund was located in North America if to be more exact in United States.

The fund is constantly included in 2-6 deals per year. Deals in the range of 5 - 10 millions dollars are the general things for fund. The top activity for fund was in 2019.

The fund was created by Christopher Schroeder, Ken Toyoda, Ruzgar Barisik.

For fund there is no match between the location of its establishment and the land of its numerous investments - Vietnam. Among the most successful fund investment fields, there are Service Industry, Computer. The fund has no specific favorite in a number of founders of portfolio startups. If startup sums 4 or 5+ of the founder, the chance for it to be financed is low. Among the most popular portfolio startups of the fund, we may highlight minu, Sprout Solutions, Propzy. Besides, a startup needs to be aged 4-5 years to get the investment from the fund.

The typical case for the fund is to invest in rounds with 4-5 participants. Despite the Next Billion Ventures, startups are often financed by Wavemaker Partners, Pear Ventures, Kickstart Ventures. The meaningful sponsors for the fund in investment in the same round are monashees, Vy Capital, Village Global. In the next rounds fund is usually obtained by Y Combinator.

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Typical Co-investors
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

CLIVI

Health Care
Medical
Medical Device
Therapeutics
Wellness
$10M20 Jun 2023 Cuauhtémoc, Distrito Federal, Mexico

Advance Tech Lending

Employee Benefits
Financial Services
FinTech
$16M29 Mar 2023 Taguig, Rizal, Philippines

Kibanda Topup

Consumer
Delivery
Internet
Wholesale
$1M01 Mar 2022 Nairobi, Nairobi, Kenya

Abhi

Financial Services
FinTech
$17M31 Dec 2021 Karachi, Sindh, Pakistan

Trinio

01 Dec 2021 Rio De Janeiro, Rio de Janeiro, Brazil

GajiGesa

Employee Benefits
Finance
Financial Services
FinTech
Personal Finance
$6M29 Nov 2021 Jakarta, Jakarta Raya, Indonesia

Dropezy

Consumer Goods
Delivery
Delivery Service
Grocery
$2M23 Nov 2021 Jakarta, Jakarta Raya, Indonesia

Abhi

Financial Services
FinTech
15 Nov 2021 Karachi, Sindh, Pakistan

Dropezy

Consumer Goods
Delivery
Delivery Service
Grocery
$2M23 Sep 2021 Jakarta, Jakarta Raya, Indonesia
News
Minu, the Largest Pay On Demand Player in Latin America, Raises $14 Million to Cement Financial Wellness in the Mexican Workforce

– Minu, an employee financial wellness company, today announced that it has raised $14 million in Series A funding.
– The round was led by FinTech Collective, with participation from VEF, XYZ Ventures, and FJ Labs, as well as DocuSign founder Tom Gonser and Gusto CFO Mike Dinsdale. Existing investors QED Investors, Next Billion Ventures, and Village Global also participated.
– The round includes $2.5 million of debt from Banco Sabadell Mexico. To date, Minu has raised a total of $20 million.

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Total investments 30
Average round size 8M
Rounds per year 6.00
Peak activity year 2021
Lead investments 1
Follow on index 0.40
Group Appearance index 1.00

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

CLIVI

Health Care
Medical
Medical Device
Therapeutics
Wellness
$10M20 Jun 2023 Cuauhtémoc, Distrito Federal, Mexico

Advance Tech Lending

Employee Benefits
Financial Services
FinTech
$16M29 Mar 2023 Taguig, Rizal, Philippines

Kibanda Topup

Consumer
Delivery
Internet
Wholesale
$1M01 Mar 2022 Nairobi, Nairobi, Kenya

Abhi

Financial Services
FinTech
$17M31 Dec 2021 Karachi, Sindh, Pakistan

Trinio

01 Dec 2021 Rio De Janeiro, Rio de Janeiro, Brazil

GajiGesa

Employee Benefits
Finance
Financial Services
FinTech
Personal Finance
$6M29 Nov 2021 Jakarta, Jakarta Raya, Indonesia

Dropezy

Consumer Goods
Delivery
Delivery Service
Grocery
$2M23 Nov 2021 Jakarta, Jakarta Raya, Indonesia

Abhi

Financial Services
FinTech
15 Nov 2021 Karachi, Sindh, Pakistan

Dropezy

Consumer Goods
Delivery
Delivery Service
Grocery
$2M23 Sep 2021 Jakarta, Jakarta Raya, Indonesia
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