Next Frontier Capital

Next Frontier Capital is a venture capital firm specializing in startup investments. The firm is stage agnostic and seeks to make investments in technology sector primarily in industries dominated by high intellectual property values, with a focus on software, biotech, clean water technology, healthcare, and optics and photonics. It seeks to invest in Montana. The firm will also consider non-Montana investment candidates on a select basis. It prefers to invest between $0.2 million to $1.5 million in any given deal. The firm seeks co-investment as well as syndicate investments. It prefers taking a board seat. Next Frontier Capital was founded in 2015 and is based in Bozeman, Montana with an additional office in Missoula, Montana.

Les Craig

General Partner

Katie Ellig

Associate

Richard Harjes

Founder and General Partner

Mitchell Kertzman

Industry Advisory Board Member

Garrett Leach

Analyst

Will Price

Founder and General Partner

Kirsten Suddath

General Partner

Latham Turner

Operating Partner

Past deals in Montana

EveryoneSocial

Series A in 2020
EveryoneSocial is how your people do social at work. It's a new way to provide your people with the tools they need to leverage social professionally, for their own benefit and the benefit of your company.

onX

Series A in 2018
onXmaps is a Montana-based mobile apps company which provide maps for hunters and other outdoor recreation. The company aggregates nationwide data on property ownership, trails, permitted land use, and many other parameters. World-class GPS and mapping technologies present customized information to users, tailored to their off-pavement activities and locations. Since the Company’s 2009 founding, onX has used hunters’ back-country experience and feedback to deliver products with ever wider appeal.

Quiq, Inc.

Series B in 2019
Quiq, Inc. develops customer service messaging management software for customer service agents and managers to allow them to send messages to companies using the application they use to communicate with their friends. It offers Quiq IQ, a product that creates and deploys bots for the web chat and messaging channels. Quiq, Inc. was formerly known as Centricient Inc. and changed its name to Quiq, Inc. in March 2017. The company was founded in 2015 and is based in Bozeman, Montana.

OptioSurgical

Venture Round in 2019
At OptioSurgical, we believe that the only way to reduce healthcare costs is to be bold, creative, and disruptive. At our core, we believe that healthcare professionals should have visibility into vendor equivalencies. Transparency creates options. Options drive intelligent decisions.

Aumni

Series A in 2020
Aumni is the VC industry's first plug & play portfolio intelligence platform and the solution that top VC firms use for a competitive edge and operational efficiency. Aumni audits, analyzes, and visualizes the key data trapped in VC deal documents to augment venture investment teams with the tools for better strategic decisions and improved daily operations. An investor's legal, economic, and control interests fundamentally inform and influence every activity that an investor can take. Aumni extracts and utilizes hundreds of data points from the underlying deal documents to track critical insights such as key investment rights, portfolio performance, and emerging investment patterns. The Aumni platform is for forward-thinking venture investment teams that seek a solution to the challenges of unlocking and structuring the untapped expanse of data in their portfolio.

OppSource.com, Inc.

Venture Round in 2017
OppSource.com, Inc., doing business as OppSource, develops sales development software. The company provides OppSource PursuitPro, a sales development platform that automates and organizes sales development day, and allows users to create their own sales development campaigns, as well as enables to deliver account-based sales ready opportunities that sales teams want. It also offers sales and marketing consulting services, such as go-to-market strategy, sales and marketing alignment, lead process assessment, and content assessment services. The company was founded in 2008 and is based in St. Paul, Minnesota.

Bonusly

Series A in 2020
Bonusly is an internet company that provides a web platform for companies to reward and motivate employees by using peer-to-peer bonuses. Bonusly helps celebrate everyday contributions and key milestones, automate time-consuming HR admin processes, incentivize participation in company initiatives, and offer digital rewards their employees will love. With its efficient, effective, and enjoyable recognition and rewards solution, they can help people feel a greater sense of alignment and purpose, understand what it means to embody company core values, and see how contributions of all kinds support your mission. In turn, the customer can pull actionable data about employee experience from powerful people analytics tools. Bonusly delivers unique insights on individual, team, and company levels so you can make strategic decisions about culture, professional development, performance management, and retention.

IronCore Labs, Inc.

Seed Round in 2018
IronCore Labs, Inc. designs and develops encryption software. The software offers integration, control, privacy, and compliance. The company was incorporated in 2015 and is based in Boulder, Colorado.

Submittable, Inc.

Series B in 2019
Submittable helps thousands of organizations worldwide collect and review any type of content in one easy-to-use platform. It was launched by three creatives, a writer, a filmmaker, and a musician, who wanted to simplify the process of submitting their work. Today, Submittable is a cloud-based submission management platform that makes it easy to accept, review, and make decisions on any kind of digital content online. Submittable has collected more than 10 million submissions from thousands of customers worldwide and is backed by True Ventures, Next Frontier Capital, The Knight Foundation, StartFund, 77Ventures, Y Combinator, and a few other amazing investors. The platform mission is to make a crappy process better for as many people as possible. Submittable was founded in 2010 and is headquartered in Missoula, Montana, USA, and with an office in New York.

EveryoneSocial

Series B in 2022
EveryoneSocial is how your people do social at work. It's a new way to provide your people with the tools they need to leverage social professionally, for their own benefit and the benefit of your company.

Orbital Shift, LLC

Seed Round in 2016
Orbital Shift, LLC develops online employee scheduling and time clock software solutions. Its solutions are used to create and update work schedules, verify employee assignments, and communicate scheduling information. The company serves restaurant, healthcare, grocery, lodging, retail, and other sectors. Orbital Shift, LLC was incorporated in 2016 and is based in Missoula, Montana.

Advisr, Inc.

Venture Round in 2022
The Advisr smart business platform was created to help sales organizations gain efficiency in their sales process through technology. Too much time is spent chasing down information, getting input from different players within the organization, providing inconsistent pricing, and worst of all…orders that don’t leverage your entire product portfolio. Advisr enables your sales team to sell smarter, sell faster, and increase volume; all while delivering the consistent brand message and look you desire. Every time.

Phoenix Labs

Series B in 2018
Phoenix Labs is an independent game studio that specializes in creating AAA multiplayer games. The company focuses on providing its clients with online co-operative experiences with strong narratives. Phoenix Labs was founded in 2014 by Jesse Houston, Sean Bender, and Robin Mayne. It is based in Vancouver, British Columbia.

Special Project, Inc

Pre Seed Round in 2020
Special is a platform for independent video creators to launch their own direct-to-fan subscription streaming service. It independently turns content into profit while keeping full ownership and control of the brand, catalog, and data.

Tetra Insights, Inc.

Series A in 2021
Tetra Insights builds technology that maximizes the value of qualitative data. Our platform empowers leading organizations by putting insights directly from customers in front of decision makers. Using our software, researchers generate insights faster and more effectively thanks to our automation and workflow tools. We handle the heavy lifting of transcribing, tagging, and annotating audiovisual recordings so researchers can focus on analysis. Raw qualitative data is transformed into a research library where users can intuitively browse and search across video & audio recordings, tags, annotations, and metadata. Empathy for users and customers helps companies build better products with sustainable success. We’re transforming decision-making by amplifying the reach of recorded customer interactions.

Tagboard

Series A in 2022
Tagboard is a software platform that uses the hashtag to aggregate social media for end-users, brands, agencies and marketers, displaying content from multiple networks in a comprehensive and engaging visual format. Tagboard's turnkey solutions allow marketers to leverage powerful tools designed to filter positive influence, amplify engagement, and showcase branded experiences through social curation and integration. End-users can self-discover, interact with, and join the discussion all within a single, easy-to-use feed. Tagboard helps some of the biggest brands in the world play a more active role in the social conversation by encouraging their audiences to share their experiences on a branded, moderated platform. Based in Redmond, WA, Tagboard has discreetly pioneered hashtag marketing since 2012.

Gravwell, Inc.

Seed Round in 2021
Gravwell is a full-stack analytics platform built to handle huge amounts of logs and non-text data. The company provides analytics capabilities to people who need more than just text log searching and need it sooner rather than later at a price they can afford. Gravwell enables security analytics that go well beyond log data into industrial processes, vehicle fleets, IT infrastructure, or everything combined. The company was founded in 2017 and is based in Coeur D'alene, Idaho, United States.

Advisr, Inc.

Seed Round in 2020
The Advisr smart business platform was created to help sales organizations gain efficiency in their sales process through technology. Too much time is spent chasing down information, getting input from different players within the organization, providing inconsistent pricing, and worst of all…orders that don’t leverage your entire product portfolio. Advisr enables your sales team to sell smarter, sell faster, and increase volume; all while delivering the consistent brand message and look you desire. Every time.

Quiq, Inc.

Series C in 2022
Quiq, Inc. develops customer service messaging management software for customer service agents and managers to allow them to send messages to companies using the application they use to communicate with their friends. It offers Quiq IQ, a product that creates and deploys bots for the web chat and messaging channels. Quiq, Inc. was formerly known as Centricient Inc. and changed its name to Quiq, Inc. in March 2017. The company was founded in 2015 and is based in Bozeman, Montana.

BubbleIQ

Seed Round in 2019
Halp is Slack-first ticketing for modern IT teams. It is the first conversational platform designed specifically for internal ticketing. It enables users to assign, prioritize, and answer requests from Slack with ease. Halp maximizes employee happiness and productivity.

Empathy Rocks

Seed Round in 2022
Co-founded by a psychologist and ML engineer, Empathy Rocks is making the world better with empathy for AI. We're starting with empathy education for therapists and providing free skill-building in evidence-based listening skills. As we train therapists in empathy, they train our AI models, which in turn trains new therapists in empathic listening skills.

Claravine

Series B in 2022
Claravine enforces accurate, unified, rich tracking of campaigns and content across the enterprise. Their platform standardizes, governs, and connects data across every team, system, and channel. As a result, users will have richer insights, better experiences, and increased ROI from their marketing investments. Claravine released the first second-generation platform for Digital Experience Data Management in 2018. This platform expanded on the core data governance capability of Claravine, helping organizations better standardize, enrich, and connect marketing data across teams and channels.

Submittable, Inc.

Series C in 2022
Submittable helps thousands of organizations worldwide collect and review any type of content in one easy-to-use platform. It was launched by three creatives, a writer, a filmmaker, and a musician, who wanted to simplify the process of submitting their work. Today, Submittable is a cloud-based submission management platform that makes it easy to accept, review, and make decisions on any kind of digital content online. Submittable has collected more than 10 million submissions from thousands of customers worldwide and is backed by True Ventures, Next Frontier Capital, The Knight Foundation, StartFund, 77Ventures, Y Combinator, and a few other amazing investors. The platform mission is to make a crappy process better for as many people as possible. Submittable was founded in 2010 and is headquartered in Missoula, Montana, USA, and with an office in New York.

Claravine

Series A in 2020
Claravine enforces accurate, unified, rich tracking of campaigns and content across the enterprise. Their platform standardizes, governs, and connects data across every team, system, and channel. As a result, users will have richer insights, better experiences, and increased ROI from their marketing investments. Claravine released the first second-generation platform for Digital Experience Data Management in 2018. This platform expanded on the core data governance capability of Claravine, helping organizations better standardize, enrich, and connect marketing data across teams and channels.

Aumni

Series B in 2021
Aumni is the VC industry's first plug & play portfolio intelligence platform and the solution that top VC firms use for a competitive edge and operational efficiency. Aumni audits, analyzes, and visualizes the key data trapped in VC deal documents to augment venture investment teams with the tools for better strategic decisions and improved daily operations. An investor's legal, economic, and control interests fundamentally inform and influence every activity that an investor can take. Aumni extracts and utilizes hundreds of data points from the underlying deal documents to track critical insights such as key investment rights, portfolio performance, and emerging investment patterns. The Aumni platform is for forward-thinking venture investment teams that seek a solution to the challenges of unlocking and structuring the untapped expanse of data in their portfolio.

Demoflow

Seed Round in 2021
Demoflow Inc. designs and develops sales presentation and demo collaborative platform that helps to streamline preparation, presentation, follow-up, and documentation for sale teams. The platform provides services, such as live URL slides integration, asset management, automated follow-up, and presentation analytics. Demoflow Inc. serves leadership, sale engineers, and account executives. The company was founded in 2019 and is based in Denver, Colorado.

Emmersion Learning

Series B in 2021
Emmersion’s mission is to close the global communication gap for the nearly two billion English language learners and speakers in the world right now. They believe English is the primary way for people to improve their education and employment opportunities.To achieve this goal, they have developed a fully-automated and adaptive language assessment engine that provides accurate and immediate reports in English and several other languages. This tool helps global organizations automate bilingual language screening to more quickly, accurately, and affordably hire qualified talent, place students, reduce turnover, and improve customer satisfaction scores.

Bandwango

Seed Round in 2021
Bandwango is a developer of a platform used to offer curated experiences any travel destination has to offer. It is a travel marketing technology platform that connects destination with locals and visitors through curated and customizable passes. With Bandwango, destinations and visitor bureaus can design and publish curated experiences, both free and paid. Through Bandwango's Destination Experience Engine (DXE), users can infinitely re-organize in-destination activities into digital passports that target locals and visitors across any number of themes and interests.
Blackmore Sensors and Analytics Inc. offers FMCW Lidar and supporting analytic tools that measure radial velocity on every data point. The company was incorporated in 2016 and is headquartered in Bozeman, Montana. As of May 23, 2019, Blackmore Sensors and Analytics Inc. operates as a subsidiary of Aurora Innovation, Inc.

Ataata

Series A in 2017
Ataata is a security awareness training platform designed to reduce human error in the workplace.

Submittable, Inc.

Series A in 2015
Submittable helps thousands of organizations worldwide collect and review any type of content in one easy-to-use platform. It was launched by three creatives, a writer, a filmmaker, and a musician, who wanted to simplify the process of submitting their work. Today, Submittable is a cloud-based submission management platform that makes it easy to accept, review, and make decisions on any kind of digital content online. Submittable has collected more than 10 million submissions from thousands of customers worldwide and is backed by True Ventures, Next Frontier Capital, The Knight Foundation, StartFund, 77Ventures, Y Combinator, and a few other amazing investors. The platform mission is to make a crappy process better for as many people as possible. Submittable was founded in 2010 and is headquartered in Missoula, Montana, USA, and with an office in New York.

IronCore Labs, Inc.

Seed Round in 2017
IronCore Labs, Inc. designs and develops encryption software. The software offers integration, control, privacy, and compliance. The company was incorporated in 2015 and is based in Boulder, Colorado.

section.io Incorporated

Series A in 2018
section.io Pty Limited provides content delivery network for developers. It offers ModSecurity, a Web application firewall to protect Websites from malicious attacks and unknown software vulnerabilities; Varnish Cache, a HTTP accelerator designed to reduce load on Web servers and improve page load performance; and Magento & Varnish Cache, an ecommerce platform that provides flexibility and control for developers and users of ecommerce Websites. The company was founded in 2015 and is based in North Sydney, Australia. section.io Pty Limited operates as a subsidiary of Squixa Pty Ltd.

Alpin, Inc.

Seed Round in 2018
Alpin, Inc. develops a cloud identity management platform that allows users and companies to find and manage their cloud software. It also enables the users to discover cloud software, manage costs and renewals, security and compliance, and automates workflow. Alpin, Inc. was formerly known as Logrr, Inc. The company was incorporated in 2015 and is based in Boulder, Colorado. As of October 25, 2019, Alpin, Inc. operates as a subsidiary of Coreview.
Blackmore Sensors and Analytics Inc. offers FMCW Lidar and supporting analytic tools that measure radial velocity on every data point. The company was incorporated in 2016 and is headquartered in Bozeman, Montana. As of May 23, 2019, Blackmore Sensors and Analytics Inc. operates as a subsidiary of Aurora Innovation, Inc.

PatientOne, Inc.

Seed Round in 2019
PatientOne, Inc. develops a platform to improve the surgical episode of care and provide remote patient monitoring services to independent surgeons, surgery centers, and hospitals. Its platform provides patient education, automated notifications, and reminders to keep patients on track, and tools to allow patients and their doctors to stay connected to reduce risks, communication errors, and complications surrounding the surgical process. PatientOne, Inc. was incorporated in 2018 and is based in Missoula, Montana.

Quiq, Inc.

Series A in 2016
Quiq, Inc. develops customer service messaging management software for customer service agents and managers to allow them to send messages to companies using the application they use to communicate with their friends. It offers Quiq IQ, a product that creates and deploys bots for the web chat and messaging channels. Quiq, Inc. was formerly known as Centricient Inc. and changed its name to Quiq, Inc. in March 2017. The company was founded in 2015 and is based in Bozeman, Montana.

SiteOne, Inc.

Series B in 2017
SiteOne Therapeutics is a San Francisco-based company that develops novel therapeutics and diagnostics. They develop products safely, effectively, and efficiently treat acute and chronic pain without the limitations of existing therapies, such as NSAIDs and opioids. Their lead therapeutic candidates are highly selective inhibitors of a voltage-gated sodium ion channel, Naᵥ1.7, which plays a critical role in the generation and conduction of pain signals.

Demoflow

Seed Round in 2020
Demoflow Inc. designs and develops sales presentation and demo collaborative platform that helps to streamline preparation, presentation, follow-up, and documentation for sale teams. The platform provides services, such as live URL slides integration, asset management, automated follow-up, and presentation analytics. Demoflow Inc. serves leadership, sale engineers, and account executives. The company was founded in 2019 and is based in Denver, Colorado.
Chargeback is a developer of a SaaS-based dispute management platform to help merchants prevent and manage chargeback fraud through monitoring, responses, and alerts. It provides a fraud detection suite that filters transactions before they are accepted as well as keeps card-not-present credit card processing accounts in standing with visa and Mastercard, by preventing credit card chargebacks and protecting against malicious and credit card frauds that enables businesses to recover lost time and revenue while transforming any negative customer interaction into one that drives brand loyalty and increases acceptance rates. Chargeback was founded in 2011 and is headquartered in Salt Lake City, Utah.

SiteOne, Inc.

Venture Round in 2015
SiteOne Therapeutics is a San Francisco-based company that develops novel therapeutics and diagnostics. They develop products safely, effectively, and efficiently treat acute and chronic pain without the limitations of existing therapies, such as NSAIDs and opioids. Their lead therapeutic candidates are highly selective inhibitors of a voltage-gated sodium ion channel, Naᵥ1.7, which plays a critical role in the generation and conduction of pain signals.
CLEARAS Water Recovery is a provider of wastewater treatment services used to recover contaminants in wastewater. The core technology in its systems is Advanced Biological Nutrient Recovery (ABNR) which leverages microalgae and other biological organisms in a controlled, continuous flow environment to recover excess nitrogen, phosphorus, and other contaminants in wastewater. The platform is dynamically controlled to optimize performance with a focus on retention time, nutrient load, and biology mass with a process that is 100% renewable.