What stage does NextEquity Partners invest at?

NextEquity Partners invests at the Series B, Series C, Growth, Late Stage stages.

What sectors does NextEquity Partners focus on?

NextEquity Partners focuses on Consumer, Enterprise Software, Media & Entertainment, SaaS.

Where is NextEquity Partners located?

NextEquity Partners is headquartered in Menlo Park, US.

NextEquity Partners

Growth equity

Menlo Park · Series B–Late Stage · 9 people tracked

★ Follow + Add to CRM ⤳ Find an introduction

✨ Fox Verdict

Investment thesis

NextEquity Partners invests in consumer and enterprise technology companies positioned for their next phase of growth. It targets businesses with product leadership, substantial revenue (roughly $10-50m+), rapid growth in large addressable markets, compelling business models, strategic asset value, strong management, and collaborative cultures, while offering flexibility on deal structure and role. Drawing on deep technology, operating, and growth investing experience, the firm brings strategic tech industry relationships and introductions, plus advice spanning technology/engineering, finance/operations, and transactions.

Invests inConsumer Enterprise Software Media & Entertainment SaaSMenlo ParkUnited States

Source: firm website, verified Aug 3, 2026.

Stage

Series B–Late Stage

Menlo Park, California, US

Instruments

Equity

Founded

2015

AUM

$240M

Tracked investments

Team · 9 people

from the firm's website & public directories

Adam Hopkins· Co-Founder and Managing Director

Adam Hopkins is a Co-Founder and Managing Director of NextEquity Partners. He was previously a Managing Director and founding principal at Elevation Partners, and earlier worked as an Associate at Silver Lake Partners and as an Analyst at Morgan Stanley Capital Partners. He holds an A.B. in Economics from Princeton University and an M.B.A. from the Stanford University Graduate School of Business.

a•••@nextequity.comreveal

Avie Tevanian· Co-Founder and Managing Director

Avie Tevanian is Co-Founder and Managing Director of NextEquity Partners and also serves as a Managing Director of Elevation Partners, which he joined in January 2010. He previously spent nearly a decade at Apple as Chief Software Technology Officer and Senior Vice President of Software Engineering, leading development of Mac OS X, and earlier was VP of Software Engineering at NeXT Computer, where he worked on NeXTSTEP. He holds a B.A. in mathematics from the University of Rochester and M.S. and Ph.D. degrees in computer science from Carnegie Mellon University, where he helped design the Mach operating system.

a•••@nextequity.comreveal

Fred Anderson· Co-Founder and Managing Director

Fred Anderson is a Co-Founder and Managing Director of NextEquity Partners, and also a Managing Director and Co-Founder of Elevation Partners. He previously served as Executive Vice President and Chief Financial Officer of Apple from 1996 to 2004, and held CFO roles at ADP and executive positions at MAI Systems Corporation. He began his career as a CPA and consulting manager at Coopers & Lybrand, and holds a BA from Whittier College and an MBA from UCLA.

f•••@nextequity.comreveal

Rami Reyes· Co-Founder and Managing Director

Rami Reyes is a Co-Founder and Managing Director at NextEquity Partners. He was previously a Principal and Senior Associate at Elevation Partners, where he worked on investment analysis, due diligence, and transaction execution across consumer and enterprise technology. He holds a B.S. in Economics from the Wharton School of the University of Pennsylvania.

r•••@nextequity.comreveal

Rachit Joshi· Principal· San Francisco, California, United Statesin

Rachit Joshi is a Principal at NextEquity Partners, where he works on sourcing and executing new investments. He previously held roles as a Senior Vice President at Carrick Capital Partners focused on growth equity in technology and services companies, and as a Vice President at Symphony Technology Group focused on software investments, following earlier work in investment banking at Lazard and Barclays. He holds a B.A. in Accounting and Finance and a Masters in Accounting from the University of Illinois.

r•••@nextequity.comreveal

Samir Afzal· Principal

s•••@nextequity.comreveal

Steve Vafier· Principal

Steve Vafier is a Principal at NextEquity Partners. He previously held Principal and Senior Associate roles at Elevation Partners, where he worked on investment analysis, due diligence, transaction execution, and business analytics across consumer and enterprise technology. Earlier in his career he was an investment banking analyst in Morgan Stanley's industrials group, and he holds a B.S. in Business Administration from UNC at Chapel Hill.

s•••@nextequity.comreveal

Alok Pandey· Venture Partner

Venture Partner at NextEquity Partners with 15+ years of operating and investing experience. He has served as CEO of Clubspeed and CFO of Twingate, and previously worked at Vector Capital, TCV, and JP Morgan.

Ted Meisel· Senior Advisor· Los Angeles

Ted Meisel is a Senior Advisor with NextEquity Partners and also serves as a Senior Advisor with Elevation Partners, with a background in digital media and advertising operations. He was CEO of Overture Services (originally GoTo.com), which he joined in 1998 and grew to $1 billion in revenue before its acquisition by Yahoo!, after which he served as president of Yahoo! Search Marketing; earlier roles include executive positions at CitySearch and eight years at McKinsey & Company and Strategic Planning Associates. He holds a B.A. from Dartmouth College and a J.D. from Stanford Law School.

t•••@nextequity.comreveal

What they invest in

from 10 of 36 portfolio companies

AI & Machine Learning ×6Enterprise Software ×4Marketplaces ×3Cloud Computing ×2Cybersecurity ×2Mobility & Transportation ×2SaaS ×2Advanced Manufacturing ×1

HQs:United States×7

Investments · 36 tracked

founders shown can be your intro path

By year:2024 · 1 2015 · 12 dated

Yelpyelp.comNYSE: YELPFeb 2015

San Francisco, US

Robert Krolik(Executive Officer)Geoff Donaker(Executive Officer, Director)Laurence Wilson(Executive Officer)Diane Irvine(Director)Jeremy Stoppelman(Executive Officer, Director)Mariam Naficy(Director)

Board seatFred Anderson· per SEC Form D

Airbnbairbnb.comin 𝕏NASDAQ: ABNB

Airbnb is an online marketplace that enables people to book and list accommodations for short-term rentals, experiences, and services around the world.

ConsumerMarketplacesTravel & HospitalitySan Francisco, US

Brian Chesky(Founder/CEO)inNathan Blecharczyk(Founder/CTO)inJoe Gebbia(Founder/CPO)inBelinda Johnson(Executive Officer)Laurence Tosi(Executive Officer)Nate Blecharczyk(Cofounder)

Lyftlyft.com𝕏NASDAQ: LYFT

Lyft is an on-demand ridesharing platform that connects passengers with drivers for various ride types, including standard rides, premium options, and other transportation services.

MarketplacesMobility & Transportation

Logan Green(Founder)inJohn Zimmer(Founder)inDavid Risher(CEO)in

Sentinel Onesentinelone.comin 𝕏NYSE: S

SentinelOne provides an AI-powered cybersecurity platform for enterprises that integrates endpoint protection, threat detection, and incident response capabilities.

AI & Machine LearningCybersecurityEnterprise Software

Tomer Weingarten(Co-founder & Chief Executive Officer)

SonosNASDAQ: SONO

TheRealRealNASDAQ: REAL

San Francisco, US

Mark Kingdon(Director)Cynthia Ringo(Director)Matt Gustke(Executive Officer)Julie Wainwright(Executive Officer, Director)Henry V. Barry(Executive Officer)

BoardMathias Schilling(Director)

UBER Everyone's Private Driveruber.comin 𝕏NYSE: UBER

Uber operates a multi-sided platform providing ride-sharing, food delivery, freight logistics, and business fleet management services across various global markets.

Logistics & Supply ChainMarketplacesMobility & TransportationSan Francisco, US

Travis Kalanick(Co-founder & CEO)Garrett Camp(Co-founder)

Alembic

Alkiraalkira.com

Arctic Wolfarcticwolf.comin 𝕏

Arctic Wolf provides managed detection and response (MDR) services with 24x7 security teams that detect, investigate, and respond to threats using an open XDR platform processing trillions of events weekly.

AI & Machine LearningCybersecurityEnterprise SoftwareSaaS

Brian NeSmith(Founder & CEO)

Bishop Foxbishopfox.comin 𝕏

Tempe, US

Donald R. Dixon(Director)Steve Huffman(Director)Vincent Liu(Executive Officer, Director)Francis P. Brown(Director)

BoardWilliam Lin(Director)

BitStew Systems

Booster Fuels

Bridg

Business Talent

Circlecicircleci.comin

CircleCI is a continuous integration and continuous deployment (CI/CD) platform that automates testing, building, and deployment workflows for software development teams.

Cloud ComputingDeveloper ToolsEnterprise Software

Coralogixcoralogix.comin 𝕏

Cumulus Networkscumulusnetworks.com𝕏

NVIDIA manufactures Spectrum Ethernet switches for data center networking, including specialized hardware for AI infrastructure and co-packaged silicon photonics connectivity.

AI & Machine LearningCloud ComputingHardware

Facebook

Filmhub

Get Covered

HIggsfieldhiggsfield.aiJan 2024

Higgsfield is a platform for creating and generating visual content, including images, videos, and cinematic scenes using AI models.

AI & Machine LearningCreator EconomyMedia & EntertainmentLos Gatos, US

Alex Mashrabov(Founder & CEO)inAleksandr Mashrabov(Executive Officer, Director)Yerzat Dulat(Executive Officer, Director)

Koreai

Luxury Presenceluxurypresence.comin

Luxury Presence is an all-in-one growth marketing platform designed for real estate professionals and firms to build brands, increase marketing ROI, and enhance customer experience.

AI & Machine LearningMarketing TechPropTechSaaS

MarketShare

Master Classmasterclass.com

Medsphere

mfour

Onshore

Ring

Safe

Sight Machinesightmachine.com

Sight Machine develops AI agents that optimize manufacturing operations by analyzing industrial data, connecting production systems, and providing autonomous recommendations to improve output and reduce waste.

Advanced ManufacturingAI & Machine LearningEnterprise SoftwareSan Francisco, US

Jon Sobel(Chief Executive Officer and President)Nathan Oostendorp(Secretary and Treasurer)Mark Jacobsen(Director)Roger Ehrenberg(Director)

BoardAdrian Fortino(Director)

Subject

The Bouqs

Tonal

Venafi

Exits · 7

IPOs and acquisitions across the tracked portfolio

YelpNYSE: YELPAirbnbNASDAQ: ABNBLyftNASDAQ: LYFTSentinel OneNYSE: SSonosNASDAQ: SONOTheRealRealNASDAQ: REALUBER Everyone's Private DriverNYSE: UBER

Portfolio news

latest coverage across their companies

Earnings Preview: What To Expect From Airbnb’s Report

Airbnb · barchart.com · Jul 17, 2026

Higgsfield AI Raises $500M at $5B Valuation — $500M ARR | MasterNodeAI

HIggsfield · masternodeai.com · Jul 2, 2026

UBER Stock Jumps 6% as Uber Eats Retail Expansion Fuels Recovery Rally - Forex News by FX Leaders

UBER Everyone's Private Driver · fxleaders.com · Jun 25, 2026

Moonbounce Raises $12M Investment to Scale Operations

Cumulus Networks · bayelsawatch.com · Apr 7, 2026

Frequently asked questions

What stage does NextEquity Partners invest at?: NextEquity Partners invests at the Series B, Series C, Growth, Late Stage stages.
What sectors does NextEquity Partners focus on?: NextEquity Partners focuses on Consumer, Enterprise Software, Media & Entertainment, SaaS.
Where is NextEquity Partners located?: NextEquity Partners is headquartered in Menlo Park, US.

Similar investors

Accel

Accel is a venture capital firm that partners with exceptional founding teams, positioning itself as a first partner to startups globally.

$1.6M – $70M

August Capital

August Capital is a venture capital firm that invests in a small number of companies, providing hands-on support to entrepreneurs building their businesses.

$1M – $15M

EDB Investments

EDBI is the investment platform of Singapore's Economic Development Board and Enterprise Singapore, focusing on high-growth technology companies expanding into Singapore and Asia.

$12M – $400M

Norwest Venture Partners

Norwest is a venture and growth equity investment firm that has backed over 700 companies across sectors including AI, retail, and healthcare, working alongside entrepreneurs from early to late-stage growth.

$10M – $30M

Notable Capital

Notable Capital is a venture capital firm that has partnered with founders for over two decades, backing companies from the earliest stages through to exit.

$5M – $50M