PEStore

Fund of Funds

Next Play Capital

Next Play Capital invests in other funds rather than directly in companies, from Redwood City, California, United States. It states a focus on software & internet.

Capital raised$177macross 5 SEC-filed vehicles
Most recent fund2021filing since 2014
HeadquartersRedwood City, California, United States
Largest single fund$172m

SEC filings

What Next Play Capital has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed5
Total capital raised$177m
Largest single vehicle$172m
Filing history2014 to 2021
Smallest accepted commitmentNone stated
Filed fromCALIFORNIA

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

The full software & internet picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other fund of funds investors active in software & internet.