NextStep Ventures is a healthcare impact fund which balances profit with improved quality of life outcomes. We invest in companies working on therapies and diagnostics for diseases where the need is great because patients have poor outcomes and cost of care is high, yet current solutions fail to meet their needs.
NextStep is structured as a 501(c)(3) nonprofit corporation to allow charitable donations, such as those from Donor Advised Funds (DAFs), to catalyze change in the areas of greatest need. The returns from the venture fund will be reinvested in future projects aligned with NextStep’s mission.
Our team’s background is uniquely suited to the diverse demands of this venture, and includes executive experience at companies ranging from seed-stage startups to the Fortune 500, in philanthropy, in academia at leading medical centers and in venture capital. We have a well-curated network for deal sourcing, due diligence, and post-investment venture growth. We are headquartered in the San Francisco Bay Area, California, with members of our advisory team spanning leading medical research institutes around the US.