Nxtp

NXTP (also referred to as NXTP Ventures and formerly NXTP Labs) is an early-stage venture capital firm that invests in B2B technology companies in Latin America and globally. It describes itself as a pioneer of early-stage B2B technology investing in the region with more than 15 years of activity, and reports 122 investments, 275 founders backed, 32 exits, and more than $2.3B in capital raised by its portfolio companies. Its current vehicle, NXTP Fund III, is stated on the firm's site at $100M in size; a third-party profile reports Fund III closed at $98M in November 2023 against an initial $120M target, and that the firm manages over $250M across three funds.

The firm's fund family, per IFC disclosure documents, comprises NXTP Labs (Fund I), a 2013-vintage accelerator with $20M in commitments; NXTP Ventures II, a 2018-vintage fund with $31M in commitments; and NXTP Fund III, a Cayman Islands-domiciled fund with a Uruguay-domiciled manager targeting $110M and focused on Seed and Series A technology companies in Latin America. IFC approved an equity investment of up to $15M in Fund III, not to exceed 20% of total commitments.

NXTP invests across enterprise software and AI, fintech and payments, e-commerce and B2B platforms and marketplaces, logistics, vertical SaaS, infrastructure and security, product-led-growth and developer tools, and information services. Its portfolio companies span Argentina, Brazil, Chile, Colombia, Mexico, Peru, Uruguay and global/US operations, and include Auth0 (acquired by Okta in May 2021 for $6.5B, where NXTP wrote a first check in 2014), Nuvemshop, Cobli, CargoX/Frete, Barte, Teachy, Capim, Vixtra, Nuvia, Pomelo, Mural, Betterfly, Kangu, Inventa, Spline, Arquivei and Securitize.

Founding story

NXTP was co-founded by Ariel Arrieta, Gonzalo Costa and Marta Cruz, all identified as founding partners; Arrieta is described as co-founder and managing director of NXTP Labs in 2015 coverage. Prior to NXTP, Arrieta co-founded startups from 1999 and co-founded Digital Ventures and InZearch in 2003, both acquired by Fox International Channels in July 2007.

Business model

NXTP operates as a venture capital fund manager, raising committed capital from limited partners and deploying it as minority equity investments in early-stage technology startups, with returns generated through exits. Its LP base has historically included individual entrepreneurs and business leaders, family offices, multilateral institutions such as the Multilateral Investment Fund and IFC, and public agencies including CORFO (Chile), INADEM (Mexico) and the Buenos Aires City Government.

As a fund manager, NXTP's economics derive from managing committed limited partner capital in its funds (Fund I $20M, Fund II $31M, Fund III targeted at $110M and reported at $98-100M) and from equity stakes in portfolio companies realized at exit.

Traction

Website metrics report 122 investments, 275 founders, 32 exits and $2.3B+ capital raised by portfolio companies. Exits and outcomes cited include Auth0's $6.5B acquisition by Okta in May 2021, Nuvemshop's $500M Series E in August 2021 led by Insight Partners and Tiger Global, and Cobli's SoftBank-led Series B in July 2021. A portfolio company described as a Brazilian B2B payments and cash-flow platform is cited with $40M+ in revenue in 2025. In 2015, NXTP Labs reported 168 companies invested and 9 exits, including Comenta.tv (acquired by Wayin) and Sparkflow (acquired by Undertone).

Latest developments

IFC disclosed its NXTP Fund III equity investment as completed on January 17, 2023, with the portfolio disclosure reflecting status as of January 1, 2025 and listing sub-investments including Alloi, Barte, Cargo Sapiens, Endless Machine, Flexza, Luzidos, Nuvia, ProSieve, Teachy, TurboAI, Unbox, Vercel, vixtraa and Waid. Federico Molina, a founding team member at Auth0, joined as Partner in 2025.