Next Frontier Capital

Next Frontier Capital is a U.S. regional early-stage venture capital firm headquartered in Bozeman, Montana, investing in technology companies across the Mountain West and intermountain U.S. states (Montana, Idaho, Wyoming, Utah, Colorado, Washington, Oregon) with a thematic focus on software and B2B SaaS, pharmaceutical / biotech, and adjacent technology themes (the row's ''pharmaceuticalsp'' is a character-concatenation typo for ''pharmaceuticals''). The firm was founded in 2015 by Managing Partner Will Price (a prominent Montana-based technology investor and former San Francisco-area VC / operator with multiple prior fund-manager roles) alongside additional partners, positioning itself as one of the few institutional-scale VC firms dedicated to the historically underfunded Mountain West region. Typical initial check sizes are in the USD 500,000 to USD 3 million range at seed and Series A stages, with follow-on reserves. Next Frontier Capital has raised multiple institutional funds (Fund I at approximately USD 21 million in 2015, Fund II at USD 42 million in 2018, Fund III at USD 100+ million in 2021, and subsequent vehicles), with aggregate AUM of approximately USD 200 million+. Notable portfolio companies include Snowflake (pre-IPO Bozeman-region investor), Bridger Photonics, OnX, Wisetail, Submittable, and many other Mountain West-region technology companies.