Next Gen

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Connections, advice, and consistent support.

Burlingame, Australia·Est. 2014·30ngpf.org

Location

Burlingame, Australia

Founded

2014

Team size

Focus

Nonprofit Organization Management

Reviews

3 verified

5.0

★★★★★

out of 6

3 verified founders

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What Founders Think of Next Gen (3)

★★★★★

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.

★★★★★

re: Mitchell Hughes

Will O'Brien, CTO & cofounder @ cascayd - Met them

Verified Founder

Legends.

★★★★★

Shyeon Delnawaz, Founder @ Puralink - Worked with them

Signal ContributorVerified Founder

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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

📅

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.

🏦

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

💰

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.

👥

Key partners

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.

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.

🏢