NextView Ventures, a seed-stage VC for founders “redesigning the Everyday Economy” recently completed a $50 million funding round. The Boston company funds startups in several sectors including B2B, health, entertainment, and fintech.
A blog post on NextView’s website stated in part, “At NextView, we think the best way to divine the future is to see it in the context of longer arc in time. The impact of civilization and evolution is shaping technologies unfold over many decades. Unlike some investors who believe we are in a moment of uncertainty about what comes next, we believe that a long and prosperous era is already here,For this reason, we are excited to announce that we have closed on NextView’s $50M third fund, with a mission to champion founders who are redesigning the Everyday Economy.”
Each market that NextView reaches is arguably a $1 trillion-plus opportunity, and each is being dutifully disrupted by new digital technologies. However, NextView won’t be looking just at B2C opportunities. For example, it has invested in Upserve, a tech platform that helps restaurants better serve their customers (by tracking sales, labor costs, and discounts). Restaurant patrons don’t experience Upserve’s product first-hand, but it has the potential to shape their “everyday” dining experiences.
Fourteen of NextView’s portfolio companies have been acquired. These include Farmeron, a farming data startup that raised $4.3 million and was acquired last year by privately held Virtus Nutrition for undisclosed terms.