NextGen Venture Partners acquired by investment firm Brown Advisory - DC


Feb. 12, 2018 4:04 pm

NextGen Venture Partners acquired by investment firm Brown Advisory

NextGen started as an angel group in D.C., and now draws on a network of entrepreneurs and investors for deals. With Brown Advisory, the model could be applied more widely.

NextGen Angels started out as a group of young D.C.-area entrepreneurs with checkbooks at the ready.

(Screenshot via

D.C.–based NextGen Venture Partners is joining investment management firm Brown Advisory, according to a release issued Monday.

The news was first reported by the Washington Business Journal, which described it as an acquisition deal. The two will combine operations, and seven team members from NextGen Venture Partners will be based at Brown Advisory offices in four cities, including D.C.

Team members joining Brown Advisory include managing partners Dan Mindus, Brett Gibson, Chris Keller and Jon Bassett, as well as Principal Lisa Cuesta, Associate Callum Booker and Director of Operations Corinne Smeriglio. Starting February 22, they will be based out of Brown Advisory’s offices in D.C., New York, Boston and Austin.

As DC reported, NextGen Venture Partners has roots as a local angel group, and raised its first fund of $22 million last year. Brown Advisory was among the LPs in that fund, Bassett told Techcrunch. NextGen draws on a nationwide network of 900 entrepreneurs and investors who participate part-time to source and back deals. Locally, its investments include UrbanStems.

“NextGen Venture Partners has built a platform that helps its venture partners and entrepreneurs create value for one another. This mutually beneficial experience is one from which we can learn, and one we hope will be meaningful for a wide range of our clients,” Mike Hankin, CEO of Brown Advisory, said in a statement.

There will not be immediate changes to NextGen’s partner platform or process, according to the release.

Terms of the deal were not disclosed.



Austin-based LivingTree acquires DC school fundraising platform Edbacker

FiscalNote acquires maker of ‘EU Issue Tracker’

Capital One acquires Va. machine learning firm



VR is cool, but it isn’t mainstream. This local company has a fix for that

Washington DC


Product Manager (DC, NY)

Apply Now

Think Company

Web Developer

Apply Now


Full Stack Web Developer

Apply Now

Mapbox locates $164 million in fundraising round

FiscalNote’s latest acquisition could be the first of many

SnobSwap looks to expand online consignment platform with acquisition



These DC-based founders drop some serious knowledge in our Tomorrow Toolkit ebook

DC or Madison, WI

VEDA Data Solutions

Back End Developer

Apply Now
DC or Madison, WI

Veda Data Solutions

Front End Developer

Apply Now


Marketing Associate

Apply Now

Sign-up for regular updates from

Do NOT follow this link or you will be banned from the site!