Lance Armstrong’s Next Ventures targets $100M 2nd fund

March 11, 2024

Famed cyclist-turned-GP Lance Armstrong is targeting $100 million for Next Ventures’ second fund.

The new fund is San Francisco-based Next Ventures’ first raise in nearly five years. Its predecessor, a 2019 vintage fund that had targeted $75 million, closed on $50 million with an additional $10 million in special purpose vehicles.

Next Ventures’ Fund II will invest with a focus on whole-person health, ranging from preventative care to diagnostics and healthcare infrastructure. Pitchbook