About Next Seed
Next Seed is a Financial Services company based in Austin (United States) founded in 2014, and was acquired by Republic in December 2020. Revenue-sharing financing is facilitated for Texas businesses via crowdfunding. Next Seed has raised $1.36 million across 2 funding rounds from investors including Republic. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its legal entity is Nett Venture Investments LLC. Its competitors include Purpose Finance, cSIGMA and LENDonate; 3 of its 3 listed competitors have raised funding.
Company details
NextSeed was founded in 2014 in Austin, Texas, as a crowdfunding portal in the peer-to-business financing sector. Local businesses submit financial details for review through a proprietary underwriting process, after which investment terms are proposed and offerings are listed if accepted. Community investors access these offerings to provide capital, repaid monthly from business revenues under an all-or-nothing model. Operations focus on Texas-based enterprises.
- Headquarters Austin, United States
- Stage Acquired
- SectorsFinancial Services
- Website nextseed.com
- Social LinkedIn X
- Acquired by Republic (Dec 2020)
- Legal Name Nett Venture Investments Llc
Funding Insights of Next Seed
Next Seed has successfully raised a total of $1.36M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.24 million completed in September 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.36M
- Total Rounds 2
- Last Round Seed — $1.24M
- First Round $120,000
(Oct 2014)
All 2 funding rounds of Next Seed with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2019 | $1.24M | Seed | – | – | – |
| Oct 2014 | $120,000 | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in Next Seed
Next Seed has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Republic.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Online alternative fundraising platform to invest in startups, real estate, crypto, and video games | 2009 | republic.com | New York, United States |
Investor details for Next Seed
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Next Seed
2 people are tracked at Next Seed (2 in leadership).
| Name | Role | Group |
|---|---|---|
TaeMi Lee | CFO | Leadership |
Abe Chu | Co-Founder & Chief Marketing Officer | Leadership |
Complete people profiles for Next Seed
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Timeline of Next Seed
4 dated milestones of Next Seed across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Next Seed is founded.
- Funding First funding round of $120K.
- Funding Latest funding round, Seed, of $1.2M.
- Exit Acquired by Republic.
Competitors of Next Seed
Next Seed has 3 listed competitors in our database, 3 of them funded. They include Purpose Finance, cSIGMA and LENDonate.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| purposefinance.com | 2020 | San Francisco, United States | $125,000 | Alternative deposit accounts and loans are offered by fintech platform. | ||
| csigma.finance | 2022 | New York, United States | $1.55M | Revenue-based financing platform for lenders and borrowers | ||
| lendonate.com | 2015 | San Francisco, United States | $658,000 | P2P lending marketplace is operated for non-profit capital needs. |
Detailed competitors of Next Seed
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- Full competitor set
- Operating metrics
- Benchmarks
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Web traffic of Next Seed
The website of Next Seed (nextseed.com) receives about 7.8K visits a month.
- Monthly visits7.8K
▲ 64.5% vs previous month
Top companies in Alternative Lending
3 companies that operate in the same segment as Next Seed (Alternative Lending) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | 1,487 |
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Related news about Next Seed
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Frequently Asked Questions about Next Seed
Next Seed was founded in 2014.
Next Seed is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Next Seed is a funded company, having raised a total of $1.36M across 2 funding rounds to date. The company's 1st funding round was a Seed of $120K, raised on Oct 2014.
NextSeed was founded in 2014 in Austin, Texas, as a crowdfunding portal in the peer-to-business financing sector. Local businesses submit financial details for review through a proprietary underwriting process, after which investment terms are proposed and offerings are listed if accepted. Community investors access these offerings to provide capital, repaid monthly from business revenues under an all-or-nothing model. Operations focus on Texas-based enterprises.
Next Seed's top competitors include Purpose Finance, LENDonate and cSIGMA.
Next Seed has 1 investor. Key investors include Republic.
Next Seed operates through Nett Venture Investments Llc.
Yes. Next Seed was acquired by Republic in December 2020.