Next Billion Ventures
VC Fund
Washington, United States
Next Billion Ventures is a venture capital firm focused on making early-to-growth stage investments in tech companies in emerging markets. The firm was founded in 2018 and is headquartered in Washington, District of Columbia.
- Total investments:
- 40
- Last investment:
- Lead investor:
- 5%
Last updated:
For AI agents: llms.txt
Industries Next Billion Ventures invests in
Stages Next Billion Ventures invests in
Countries Next Billion Ventures invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Seed
- $1.7M–$16M
- Pre-Seed
- $150k–$4.5M
- Series A
- $6M–$30M
Investment Focus
Industry
- FinTech 9 (23%)
- Financial Services 8 (20%)
- Marketplace 6 (15%)
- E-Commerce 5 (13%)
- Real Estate 5 (13%)
Stage
- Seed 15 (38%)
- Series A 8 (20%)
- Pre-Seed 4 (10%)
- Convertible Note 3 (8%)
- Series B 2 (5%)
Country
- Mexico 5 (13%)
- Brazil 4 (10%)
- Philippines 3 (8%)
- Egypt 2 (5%)
- Pakistan 2 (5%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Ruzgar Barisik
Managing Partner
|
Managing Partner | Total investments: 0 | Find email | |
Ruzgar Barisik
Managing Partner
|
Managing Partner | Total investments: 3 | Find email | |
|
Christopher Schroeder
Partner
|
Partner | Total investments: 0 | Find email | |
|
Falgu Shah
Partner
|
Partner | Total investments: 0 | Find email | |
Ken Toyoda
Managing Partner
|
Managing Partner | Total investments: 2 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| #1 financial back-office solution for SMEs in Latam. AI based platform designed to unburden both entrepreneurs and accountants by enabling full outsource of all the finance and administrative work. Bhub's platform includes AI agents and automations of workflows related to AP/AR, accounting, taxes, payroll. BHub helps clients and partnersto reduce time, costs, and labor associated with finance and administrative functions. | $10M / Series A / Nov 27, 2025 | ||
| minu is revolutionizing the financial health of Mexican employees, offering them access to their already worked salary when they need it, instead of having to wait for payroll. The company works with HR divisions of companies that offer the provision of minu to improve satisfaction, retention, and attraction of talent. minu is supported byFinTech's leading institutional investors globally, including QED. | $30M / Series B / Nov 19, 2024 | ||
| Onest offers technology-based products that help customers meet their financial goals. | $1M / Seed / Apr 30, 2024 | ||
| Clivi is a specialised digital clinic that provides comprehensive treatment to patients with diabetes and obesity through AI assisted follow up and all-inclusive supplies and labs. | $10M / Seed / Jun 20, 2023 | ||
| Advance Tech Lending is an online salary loans provider. They help employees cover their daily financial needs with a click of a button. They don’t charge interest, just a processing fee to get funds to you immediately. | $16M / Series A / Mar 29, 2023 | ||
| Advance Tech Lending is an online salary loans provider. They help employees cover their daily financial needs with a click of a button. They don’t charge interest, just a processing fee to get funds to you immediately. | $3.9M / Seed / Dec 22, 2022 | ||
| Kibanda Topup digitizes the supply for micro, small and medium-sized restaurants. Kibanda Topup allows restaurant owners to order inventory such as grains, poultry, beverages, and beef by app through a simple SMS and get the orders the next day. | $1.7M / Seed / Mar 01, 2022 | ||
| Abhi provides employees salary advances based on accrued wages. | $17M / Seed / Dec 31, 2021 | ||
| Creating new experiences and technologies that empower merchants to build better and lasting relationship directly with their clients | Seed / Dec 01, 2021 | ||
| GajiGesa is the preferred financial wellness partner for employers in Indonesia. GajiGesa's powerful fintech platform is built to help millions of hardworking Indonesians take control of their financial lives with dignity. The GajiGesa app provides member employees with earned wage access, financial education, and other financial managementtools to improve their long-term financial health responsibly. It also empowers employer partners with an enterprise-grade HR analytics platform to improve employee productivity, engagement, and retention by reducing financial stress for their teams. The company has seen 12x growth since January with more large enterprises keen to embrace this financial wellness solution. And we have doubled our overall enterprise customer base in the last quarter and now partner with 60+ companies, serving tens of thousands of employees. Based on GajiGesa’s most recent survey, for employers that partner with GajiGesa, over 75% of their employees have stopped using informal lenders for short term needs because our EWA solution gives them the financial security they need under the purview of the employer. GajiGesa is also increasingly popular for employees that have micro-businesses at home. They often use GajiGesa and use their salary as working capital rather than turning to informal lenders. Health related expenses is another common reason for GajiGesa usage. In early May, the company launched GajiTim, Southeast Asia’s first employee management app for MSMEs and SMEs to manage their workforce efficiently bringing transparency in income tracking and salary calculation. The app is aimed at businesses with between 5 to 100 workers and has gained more than 50,000 active users since it was launched in mid-March. This latest product innovation supercharges GajiGesa’s effort to expand financial resilience - establishing greater transparency in employee management as well as creating a holistic and meaningful integrated employee benefits solution for businesses of all sizes and their employees.The company was founded in 2020 by Martyna Malinowska (formerly Product Lead at Standard Chartered Bank, Product Director at LenddoEFL) and Vidit Agarwal (formerly Head of Business Development APAC at Stripe, COO at CARRO, and first employee at Uber in Asia). The company is Headquartered in Jakarta with a distributed team also based in India and Singapore. GajiGesa announced a US$2.5 million Seed round in February (led by Defy.vc and Quest Ventures) and an undisclosed growth round in early May from additional strategic investors including OCBC NISP Ventura, the Founders of Kopi Kenangan, and other Indonesian investors and family offices. | $6.6M / Seed / Nov 29, 2021 | ||
| See all 40 investments → | |||
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FAQ
What does Next Billion Ventures invest in?
Next Billion Ventures invests primarily in FinTech, Financial Services and Marketplace startups, most often at Seed and Series A stage. Most of the 40 investments tracked by Shizune back companies in Mexico. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Next Billion Ventures's check size?
Next Billion Ventures typically joins rounds of $1.7M–$16M at Seed, $150k–$4.5M at Pre-Seed and $6M–$30M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Next Billion Ventures participates in.
How do I contact Next Billion Ventures?
Public channels for Next Billion Ventures include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Next Billion Ventures?
The team at Next Billion Ventures includes Ruzgar Barisik (Managing Partner), Ruzgar Barisik (Managing Partner) and Christopher Schroeder (Partner). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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