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NEXT176

Profile and portfolio

Parent Old MutualHQ Johannesburg, South AfricaFounded 2021

NEXT176 is the corporate venture arm of Old Mutual, an insurance company. It was founded in 2021 and is based in Johannesburg, South Africa. It invests at the seed stage. Sectors it names: healthcare and digital health, education, fintech.

Every figure links to its source

Snapshot

Investment stage: Seed to Seed
Data behind this graphic
Data behind this graphic
ItemValue
Stage rangeSeed to Seed
SectorsHealthcare and digital health, Education, Fintech
GeographyMiddle East and Africa
OfficesJohannesburg, South Africa

Sources: S3 Caplight: Next176; S2 NEXT176: Approach and focus areas.

Graphic 1 of 1

Investment stage: Seed to Seed

Sources: S3 Caplight: Next176; S2 NEXT176: Approach and focus areas.

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Where it invests

Key facts

FactValueStatusSource
Parent companyOld MutualSingle sourceS2
Parent industryInsuranceSingle sourceS2
Founded2021Reported by Caplight: Next176S3
HeadquartersJohannesburg, South AfricaReported by Caplight: Next176S3
StatusActiveSingle sourceS1
Capital sourceParent company onlySingle sourceS2
StagesSeedReported by Caplight: Next176S3

History

  1. Led Kena Health seed round (June 2023)S3
  2. Led Pumpkn seed round (September 2024)S3
  3. Co-invested in Vault22 corporate round (October 2024)S3
  4. Led Jem HR financing (March 2025)S3

Portfolio

Public sources name 4 portfolio companies.S3

Shared portfolio with other corporate VCs

1 companies on the NEXT176 portfolio page also appear on the portfolio page of at least one other firm in this directory. Matched by company website, or by name where no website is published.

FirmSharedCompanies in common
SC Ventures1Vault22

Companies backed by the most corporate VCs

Every company on the NEXT176 list

4 companies, as named in the sources cited.S3 Read the firm's list.

  • Jem HR
  • Kena Health
  • Pumpkn
  • Vault22

Official pages

Read the firm's own pages for current information.

Sources

  1. S1NEXT176: HomeFirm
  2. S2NEXT176: Approach and focus areasFirm
  3. S3Caplight: Next176Third-party report

Disclaimer and corrections

Not affiliated. This page is not affiliated with, endorsed by or sponsored by NEXT176 or any company named on it. Names and trademarks belong to their owners. Informational only. This is a public-source reference. It is not investment, legal or tax advice and not an offer or solicitation. Sources. Each figure names its source. Figures may have changed. Please read the firm's official pages, linked above. Corrections and takedown. To report an error or ask for a change or removal, use the correction form or email Richard@CorporateVentureCapital.com.

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