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Next Billion Ventures

Investor type Venture Capital
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 26
Average round size
The average size of a deal this fund participated in
Portfolio companies 17
Rounds per year 6.50
Lead investments 1
Follow on index
How often the fund supports its portfolio startups at next rounds
Key employees 1
Stages of investment

Areas of investment

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

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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These funds often invest in the rounds preceeding the rounds of Next Billion Ventures:
Typical Co-investors
Next Billion Ventures is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Next Billion Ventures:
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Funds with similar focus acting as lead investors:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Kibanda Topup

$1M01 Mar 2022 Nairobi, Nairobi, Kenya


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


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


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


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


Financial Services
15 Nov 2021 Karachi, Sindh, Pakistan


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

Morada Uno

Commercial Real Estate
Property Management
Real Estate
$2M01 Sep 2021 Mexico City, Distrito Federal, Mexico

Bazaar Technologies

$30M24 Aug 2021 Karachi, Sindh, Pakistan
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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