Next Frontier Capital Announces $20 million Fund I To Build Montana Technology Companies

Next
Frontier Capital (NFC) http://www.nextfrontiercapital.com , a Montanabased
venture capital
firm, today announced the Initial Closing of its inaugural $20 million fund.

NFC’s mission is to partner with missiondriven,
talented entrepreneurs to build Montana
technology companies of impact, utility and value. Montana is characterized by a tradition of
entrepreneurship, high university and commercial research activity, quality venture investment
candidates, and yet is severely undercapitalized.

The Fund, backed by investors from the world’s top technology, investment, and venture
capital firms, is seeking Montana technology investment opportunities primarily in industries
dominated by high intellectual property values. Example industries of interest are software,
healthcare, and optics and photonics. The Fund will serve as a trusted local syndicate partner
to nonMontana
venture capital firms, while providing Montana entrepreneurs with company
formation and growth expertise and accelerated access to talent, partners, and customers.
NFC will also consider nonMontana
investment candidates on a select basis.

The Fund’s Founder and Managing Partner is Will Price. With a Montana family history dating
to the 1870s, Will is passionate about investing in the state’s promising future. Richard Harjes,
a successful investor, scientist, and rancher, joins the firm as a Venture Partner. Will and
Richard bring experience and expertise in venture capital, investment management, and in
starting and growing successful technologydriven
companies. The Fund seeks to lead or
colead
venture investments in Montana industries and expects to invest $200,000 to
$1,500,000 in any given deal. In addition to providing capital, the Fund is committed to
leveraging its network and experience to provide accelerated access to talent, partners,
customers, and capital.

"With topnotch
universities, a tireless workforce, incredible public lands, and an unmatched
quality of life, Montana is the best place in the country to start a business. Now, with new
investments by folks like Next Frontier Capital, more entrepreneurs will have access to the
financing they need to grow a successful businesses and create jobs here in Montana," said
Senator Jon Tester.

Senator Daines said, "Montanans know that our state is the best place in the country to live —
and when our small businesses have the tools and access to capital they need, our state
becomes an even better place to work. The investments made by Next Frontier Capital will
help spur small business innovation and growth right here in Montana — in turn, creating new
goodpaying
jobs and increasing opportunities for success in Montana’s growing technology
sector."

Governor Bullock noted, "My Main Street Montana Project has identified access to capital as
one of the challenges businesses face in Montana. It’s good to see folks across our state
working to find solutions to meet that challenge."
Representative Zinke said, "With the amount of untapped entrepreneurial talent in Montana, it
is welcome news that Next Frontier Capital is committed to funding and building business
ideas here at home. Montana truly is the last best place on earth. I’m happy to see
investments are being made to make it easier for folks to build a business and grow a family
here, especially at the time of year when so many young entrepreneurs are graduating
college."

Seth Levine, Foundry Group’s CoFounder
and Managing Director, said, "With his deep roots
in the West and
specifically in Montana and
his long history as an investor and executive,
Will is the perfect person to build NFC. Having known and worked with him for more than 20
years, I jumped at the opportunity to invest in him and NFC. I strongly believe that great
companies are being created all over the US and particularly in the West. Having lived,
worked and invested in Colorado for over a decade I’ve watched this growth first hand.
Montana has all of the ingredients of a great entrepreneurial community and Will and the NFC
team are perfectly poised to help continue its growth."
Will Price, NFC’s Managing Partner, noted, "The Fund’s Initial Closing is a testament to the
potential of Montana’s future, the creativity and grit of her entrepreneurs, and a recognition by
our Limited Partners that Montana is a worthy destination for venture capital."

About NFC

Founded in 2015 and based in Bozeman, NFC’s mission is to partner with missiondriven,
talented entrepreneurs to build Montana technology companies of impact, utility and value.
Montana is characterized by a tradition of entrepreneurship, high university and commercial
research activity, quality venture investment candidates, and yet is severely undercapitalized.

The Fund, backed by investors from the world’s top technology and venture capital firms, is
seeking Montana technology investment opportunities primarily in industries dominated by
high intellectual property values. Example industries of interest are software, healthcare, and
optics and photonics. The Fund will serve as a trusted local syndicate partner to nonMontana
venture capital firms, while providing Montana entrepreneurs with company formation and
growth expertise and accelerated access to talent, partners, and customers.

Next Frontier Capital

Will Price

(406) 2099743

http://www.nextfrontiercapital.com

[email protected]