Next Play Capital, LLC
Micro VC, based in Redwood City, California, reporting $569M of fund assets across 31 funds.
Composed from this organization's classification, location and filed figures.
1 additional team member, 2 additional co-investors and affiliates, 3 additional investments, funds and LPs, 40 events, 1 verified contact (1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 1 companynew in 12 months
1 new company in the last 12 months. Latest round Century Health seed ($5M round) on 19 May 2026.
A firm writing cheques this quarter is one a founder can pitch now.
People to know
View all people- MemberWhy: Named with investment responsibilityNo route on file yet
Relationship network
16 connected entities1 observed roundrounds 2026
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Next Play Capital, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Next Play Capital, LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
1 company on record, 1 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Century Health | Seed Round · Seed | participant | unknown | $5.0M | unknown | May 19, 2026 | Fact Press release |
Stated thesis versus observed behaviour
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
4 current, 1 departed
Decision makers
Who else at this firm · 2 people, grouped by function
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Member
- Chief Compliance Officer
- Trustee
1 departed (kept with end dates)
- John Nurhan Ailanjian · General Partner Of Next Play Capital, Llc · Jul 1, 2018 to Mar 30, 2023 Inference
Contacts
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
1 vehicle, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| NPC Emerging Leaders Fund, L.P. | Fund | 2023 adv first reported | Active deployment | $770,251 Jun 28, 2023 | 11 | unknown | unknown |
| NPC Figs, LLC | Fund | unknown | Wound down | $3.6M Apr 1, 2021 | 16 | unknown | unknown |
| NPC Uipath, LLC | Fund | unknown | Wound down | $1.6M Apr 1, 2021 | 2 | unknown | unknown |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.Relationships across DFX
4 co-investors · on 1 other DFX graph
Co-investors
- 2026-05-191 shared deal · one time
- 2026-05-191 shared deal · one time
- 2026-05-191 shared deal · one time
Across DFX and the capital chainon 1 other DFX graph ShowHide
- The same institution is held on RIA and Wealth, matched by identifier. See which records
Next Play Capital, LLC is the same institution as 1 record in RIA and Wealth.
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Evidence and history
45 dated events, 21 observations from 2 sources
Timeline
- seen on or beforeSep 15, 2026Next Play Capital, LLC: INSTITUTIONAL_VC -> MICRO_VC (venture manager, reported GAV $0.8M across 1 vehicles)Classification changedClassificationInference
- Mar 30, 2023Next Play Sjpf, LP first reported on Form ADV by Next Play Capital, LLC (Venture Capital Fund), GAV $10,000,000
- Mar 30, 2023John Nurhan Ailanjian (General Partner Of Next Play Capital, Llc) no longer on Schedule A of Next Play Capital, LLC
- Mar 30, 2023NPC Emerging Leaders Fund, L.P. first reported on Form ADV by Next Play Capital, LLC (Venture Capital Fund), GAV $770,251
- Mar 31, 2022Next Play Capital III, L.P. first reported on Form ADV by Next Play Capital, LLC (Venture Capital Fund), GAV $3,444,986
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Jun 28, 2023 · 31 private fundsShowHide
- Headquarters
- Redwood City, CAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- NEXTPLAYCAPITAL.COM
- SEC adviser type
- Registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Jun 28, 2023
- Private funds reported
- 31 (31 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $569Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $571Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 11
- Owners on Schedule A
- Kids 42 Management, LLC (General Partner); Ronald M. Lott Family Trust (Limited Partner), owns 75% or more; Jeffrey Sperbeck 2012 Revocable Trust (Member), owns 10% to 25%
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 15, 2026Micro VC (probable, 80%)Venture manager, reported GAV $0.8M across 1 vehicle
- Sep 12, 2026Institutional venture firm (probable, 70%)Venture manager with no reported fund assets yet (scale unknown)
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| SEC adviser type | Registered investment adviser | Jun 28, 2023 | Fact | Form ADV |
| First Form ADV filing | 2021-04-01 | Jun 28, 2023 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2023-06-28 | Jun 28, 2023 | Fact | Form ADV |
| Venture share of reported funds | 1 | Jun 28, 2023 | Fact | Form ADV |
| Business phone | Jun 28, 2023 | Fact | Form ADV | |
| Employees | 11 | Jun 28, 2023 | Fact | Form ADV |
| Headquarters | Redwood City, CA | Jun 28, 2023 | Fact | Form ADV |
| Office address | Jun 28, 2023 | Fact | Form ADV | |
| Private funds reported | 31 | Jun 28, 2023 | Fact | Form ADV |
| Private fund gross assets (reported) | $569M | Jun 28, 2023 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $571M | Jun 28, 2023 | Fact | Form ADV |
| Venture funds reported | 31 | Jun 28, 2023 | Fact | Form ADV |
| Website | Jun 28, 2023 | Fact | Form ADV | |
| Website status | unreachable “home page did not answer with HTML” | Sep 16, 2026 | Fact | |
| Website status | unreachable “home page did not answer with HTML” | Sep 14, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersMicro VC, probableShowHide
Venture manager, reported GAV $0.8M across 1 vehicle
- importance
- gav: 0.53 · funds: 0.5 · people: 0.04 · investments: 0 · co investors: 0.24
- active deployment
- investments 12m: 0.13 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-05-19
- emerging manager
- fund count: 6 · reported gav: $569M · first adv filing: 2021-04-01 · years since first filing: 5.5
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Organization classification changed2026-09-15
- Merged in2026-09-13
- Adviser's first ADV filing2021-04-01source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.