Next Frontier Capital is a US-based venture capital firm operating from offices in Bozeman, Montana; Boulder, Colorado; and Park City, Utah. The firm focuses on four core sectors: Enterprise Intelligence (AI applications and infrastructure), Critical Infrastructure (modernizing physical systems), Financial Systems (platforms modernizing money movement and risk management), and National Security (defense against emerging threats). Next Frontier Capital invests at seed through Series A stages, writing checks of $2–5 million and seeking double-digit ownership stakes on entry. The firm partners with mission-driven founders demonstrating strong execution and looks for referenceable customers and proof of principle, though it does not enforce strict revenue thresholds. The portfolio includes companies such as SquarePeg, Reveal, Gravity, Optera, OnX, Phoenix Labs, Submittable, and Bridger Photonics.

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