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Next Gen

Connections, advice, and consistent support.

Burlingame, AustraliaEst. 201430ngpf.org
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Location
Burlingame, Australia
Founded
2014
Team size
30
Focus
Nonprofit Organization Management
Reviews
3 verified
5.0
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from 3 verified founders
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What Founders Think of Next Gen (3)

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re: Mitchell Hughes
Verified Founder - Met them

Super driven. I'd buy stocks in them if I could. They seem to get it right every time AND help in any way they can.

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re: Mitchell Hughes
Will O'Brien, CTO & cofounder @ cascayd - Met them
Verified Founder

Legends.

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Shyeon Delnawaz, Founder @ Puralink - Worked with them
Signal ContributorVerified Founder

Connections, advice, and consistent support.

About Next Gen

NextGen Ventures is an Australian-based venture capital firm uniquely positioned as the country's first student-led fund, dedicated to empowering the next generation of entrepreneurial talent. Established in 2023, the firm was founded by Mitchell Hughes and Jerry X'Lingson, who identified a significant gap in the Australian startup ecosystem regarding support for student founders. While the user prompt incorrectly suggested a US-based non-profit (Next Gen Personal Finance, ngpf.org) and a location of Burlingame, NextGen Ventures is firmly rooted in Australia, operating with a clear mission to identify and invest in ambitious student founders before anyone else does. They aim to provide the critical early-stage capital and comprehensive support necessary for these campus-born startups to evolve into global successes.

Next Gen at a glance

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Stage
Early-stage, Seed
🎯
Focus
$70K -
⚑
Decision process
NextGen Ventures employs a human-first investment lens, prioritising founders with strong intrinsic motivations, drive, passion, customer obsession, charisma, speed, and openness to learn. They are attracted to 'the hungry, not the proven,' utilising a network of 20 student scouts across seven Australian campuses for grassroots deal flow and early insights.
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Fund structure
Student-led VC fund; Corporate Authorised Representative (CAR) of GXE Fund Services Pty Ltd (AFSL holder)
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Sector focus
AI, B2B, Consumer, Multimedia and Design Software, Environmental Services, Food and Agriculture Tech, Agtech, Hardware, Deeptech, Fashiontech
πŸ’°
AUM
$2 million AUD
🧭

Investment thesis

NextGen Ventures empowers the next generation of young Australian founders by providing early capital and comprehensive support. They aim to identify ambitious student founders before anyone else, writing first cheques and nurturing them to build global unicorn companies.

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Key partners

M
Mitchell Hughes
Co-founder

Aligns with NextGen Ventures' thesis of backing ambitious student founders at the earliest stage, believing in their potential over proven experience, and building a supportive ecosystem in Australia.

J
Jerry X'Lingson
Co-founder

Aligns with NextGen Ventures' thesis, with a particular emphasis on the 'human-first' approach, believing in the individual drive and unique insights of young founders over traditional metrics.

🏒

Portfolio companies

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Fluency
Adaptive Work Intelligence Platform
πŸ€–
Blunge
Style-consistent AI Graphics
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Source
AI Ordering Layer for B2B Commerce
πŸš€
Maple
Creating more In-person Connection with Technology
πŸš€
GrazeMate
Autonomous Drones for Cattle Mustering
πŸš€
Alythya
Digital Product Passports
πŸš€
Metasorb
Nanocomposite Membrane Technology
πŸš€
Den
Agent Builder & Workspace
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Lucent
AI Bug Detection from Session Replays
πŸš€
Puralink
Autonomous pipe inspection robots

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