DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Next Coast Ventures, LLC
Next Coast Ventures, LLC
Providing ambitious future CEOs with the capital, technology, and operational support they need to fulfill their dreams of growing a great business.
both early and growth/opportunity families, reported GAV $403M
Importance
31
moderate
Active deployment
25
moderate
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
12
low
Identity and regulatory footprint
- Headquarters
- Austin, TXadviserinfo.sec.gov
- Office address
- 1204 NUECES STREET, Austin, TX, 78701adviserinfo.sec.gov
- Business phone
- (512) 370-2242adviserinfo.sec.gov
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Apr 30, 2026
- Private funds reported
- 7 (7 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $430Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $586Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 12
- business phone
- (512) 370-2242adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
- Sectors
- space
- Stages
- not stated or not yet read
- Geography
- austin
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors: no observed deals yet
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
9 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Next Coast Eta Entrepreneurs Fund I, L.P. | Fund · ADV: Private Equity Fund | 2023 adv first reported | Active deployment | $1.3M May 14, 2024 | 13 | unknown | unknown |
| NCV Select I, L.P. | Growth fund | 2022 adv first reported | Active deployment | $28.8M May 14, 2024 | 48 | $0 of $50.0M | Dec 20, 2021 |
| NCV Entrepreneurs Fund III, L.P. | Fund | 2022 adv first reported | Active deployment | $7.1M May 14, 2024 | 72 | unknown | unknown |
| Next Coast Ventures III, L.P. | Fund | 2021 form d first sale | Mature | $42.8M May 14, 2024 | 101 | $190M of $190M | Mar 29, 2022 |
| Next Coast Eta I, L.P. | Fund · ADV: Private Equity Fund | 2021 form d first sale | Mature | $40.0M May 14, 2024 | 79 | $61.4M of $61.4M | Mar 29, 2022 |
| Next Coast Ventures II, L.P. | Fund | 2020 adv first reported | Mature | $106M May 14, 2024 | 54 | $0 of $150M | Apr 22, 2019 |
| NCV Entrepreneurs Fund II, L.P. | Fund | 2020 adv first reported | Mature | $6.4M May 14, 2024 | 86 | $0 of $5.0M | Apr 22, 2019 |
| Next Coast Ventures I, L.P. | Fund | 2016 form d first sale | Harvest | $162M May 14, 2024 | 66 | $87.9M of $87.9M | Mar 7, 2017 |
| NCV Entrepreneurs Fund I, L.P. | Fund | unknown | Unknown | $8.1M May 14, 2024 | 56 | unknown | unknown |
GAV 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.
Investment team
11 current, 1 departed
Anthony Walker
General partnerGeneral Partner
Dustin Sellers
General partnerGeneral Partner
Charles Thomas Ball
Managing partnerManaging Member · since Feb 1, 2016
Michael Anthony Smerklo
Managing partnerManaging Member · since Feb 1, 2016
Mark Mullins
Operating partnerOperating Partner
Richard H. Taketa
Operating partnerOperating Partner
Wei-Lin Lee
Operating partnerOperating Partner
William Kuntz
Operating partnerOperating Partner
By Entrepreneurs
Platform and operationsHome People Portfolio
Kaitlyn Debernardo
Platform and operationsChief Compliance Officer/ Chief Operating Officer · since May 1, 2024
1 departed (kept with end dates)
- Jonathan B. Kaplan · Chief Compliance Officer / Chief Operating Officer · Jul 1, 2019 to May 8, 2024 Inference
Investments on record
0 edges, 0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Co-investors
0 relationships from shared deals, counted for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
13 dated events
- May 8, 2024Jonathan B. Kaplan (Chief Compliance Officer / Chief Operating Officer) no longer on Schedule A of Next Coast Ventures, LLC
- May 1, 2024Kaitlyn Debernardo joined Schedule A of Next Coast Ventures, LLC as Chief Compliance Officer/ Chief Operating Officer
- Mar 29, 2023Next Coast Eta Entrepreneurs Fund I, L.P. first reported on Form ADV by Next Coast Ventures, LLC (Private Equity Fund), GAV $1,202,179Fund first reported on Form ADVFundsFactNext Coast Eta Entrepreneurs Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 23, 2022NCV Entrepreneurs Fund III, L.P. first reported on Form ADV by Next Coast Ventures, LLC (Securitized Asset Fund), GAV $7,650,000Fund first reported on Form ADVFundsFactNCV Entrepreneurs Fund III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2022NCV Select I, L.P. first reported on Form ADV by Next Coast Ventures, LLC (Venture Capital Fund), GAV $23,151,020Fund first reported on Form ADVFundsFactNCV Select I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2022Next Coast Ventures III, L.P. first reported on Form ADV by Next Coast Ventures, LLC (Securitized Asset Fund), GAV $111,714,286Fund first reported on Form ADVFundsFactNext Coast Ventures III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 25, 2021Next Coast Eta I, L.P. first reported on Form ADV by Next Coast Ventures, LLC (Venture Capital Fund), GAV $24,400,000Fund first reported on Form ADVFundsFactNext Coast Eta I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 27, 2020NCV Entrepreneurs Fund II, L.P. first reported on Form ADV by Next Coast Ventures, LLC (Venture Capital Fund), GAV $1,370,492Fund first reported on Form ADVFundsFactNCV Entrepreneurs Fund II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 27, 2020Next Coast Ventures II, L.P. first reported on Form ADV by Next Coast Ventures, LLC (Venture Capital Fund), GAV $119,019,508Fund first reported on Form ADVFundsFactNext Coast Ventures II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jul 1, 2019Jonathan B. Kaplan joined Schedule A of Next Coast Ventures, LLC as Chief Compliance Officer / Chief Operating Officer
- May 26, 2016NCV Entrepreneurs Fund I, L.P. first reported on Form ADV by Next Coast Ventures (Venture Capital Fund), GAV $2,600,000Fund first reported on Form ADVFundsFactNCV Entrepreneurs Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 26, 2016Next Coast Ventures I, L.P. first reported on Form ADV by Next Coast Ventures (Venture Capital Fund), GAV $34,500,000Fund first reported on Form ADVFundsFactNext Coast Ventures I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 26, 2016Next Coast Ventures first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 15, 2026Multi-stage venture firm (confirmed, 95%, cls-1)both early and growth/opportunity families, reported GAV $403M
- Sep 12, 2026Multi-stage venture firm (confirmed, 95%, cls-1)both early and growth/opportunity families, reported GAV $232M
- Sep 12, 2026Multi-stage venture firm (probable, 80%, cls-1)both early and growth/opportunity families, reported GAV $232M
Evidence
52 observations from 3 sources