Next Coast Ventures
QuietFiled to raiseAustin, TXEnterprise softwareLast fund filed 2021
2 on a current fund
last 24 months
across filed funds
| Vehicle | Filed | Target | Sold to date | Investors |
|---|---|---|---|---|
| Next Coast Ventures III | December 2021 | $190M | $190M | 186 |
| Next Coast ETA I | March 2021 | $61M | $61M | 95 |
| NCV Select IFiled to raise in 2021, with no closing reported yet. | 2021 | $50M | $0 | 0 |
| NCV Entrepreneurs Fund IIFiled to raise in 2019, with no closing reported yet. | 2019 | $5M | $0 | 0 |
Amounts are Item 13 as filed: the target is the whole offering, and the amount sold is cumulative across amendments rather than a final close. The filing carries no per-investor amount, so a firm’s own cheque is not recoverable here.
2 partners are named across this firm’s filings, 2 of them on a fund it is deploying now.
| Partner | Activity | Categories | Board seats | Last 24mo |
|---|---|---|---|---|
| Charles Ball | Quiet | None listed | 1 | 0 |
Too few companies classified yet to infer a focus. 2 of 15 portfolio companies are classified.
Not a filing value: this is Lev’s own classification of each company, one company one vote regardless of how many of Next Coast Ventures’s partners are named on its board, shown only when we found a specific, checkable source. Companies with no source read as unclassified and are left out of the shares above.
| Firm | Shared boards | Companies |
|---|---|---|
| High Alpha | 1 | Submittable Holdings |
| JMI Equity | 1 | Alert Media |
| Silverton Partners | 1 | Alert Media |
| True Ventures | 1 |
| 2019 |
| $150M |
| $0 |
| 0 |
| Next Coast Ventures I | April 2016 | $88M | $88M | 131 |
| Michael Smerklo | Quiet | Enterprise software | 14 | 0 |
Activity is filed board seats in the last 24 months: 4+ Active, 2–3 Selective, 1 Slowing, none Quiet. A firm's tier totals its partners, so an active firm may be four partners with one seat each. It undercounts partners who invest without taking a board seat, and filings lag a closing by weeks, so Quiet means the paperwork is quiet, not the person.
| Submittable Holdings |
A shared board seat: a company where filings name a Next Coast Ventures partner and a partner at the other firm, both with a clean identity match. Not a claim either firm led or co-led the round, only that both are named on the same board.