Organization · Corporate Venture Capital
NEXT176
NEXT176 is the corporate venture building and investment arm of Old Mutual, based in Johannesburg, South Africa. It focuses on creating sustainable businesses and investing in high-impact sectors to positively influence emerging economies.
Overview
What NEXT176 does
What NEXT176 is
NEXT176 is the corporate venture building and investment arm of Old Mutual, based in Johannesburg, South Africa. It focuses on creating sustainable businesses and investing in high-impact sectors to positively influence emerging economies.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Corporate Venture Capital
- Founded
- Founded in 2021
- Approximate age
- About 5 years
- Structured capabilities
- Funder
- Last reviewed
- March 28, 2026
Official channels
Find NEXT176 elsewhere
Open the official website or a supported primary organization account.
Capability profile
NEXT176 as a funder
Investment thesis
NEXT176 aims to create disruptive and sustainable businesses that positively impact one billion lives, leveraging its position as the corporate venture capital arm of Old Mutual to extend financial inclusion across Africa.
Focus narrative
NEXT176 invests in and builds ventures across six priority ecosystems: Health, Education, Jobs, Income Protection, Environmental Sustainability, and Debt Management. The organization also engages in strategic partnerships across key industry verticals such as Financial Services, Telecommunications, Automotive & Technology, and Retail, aiming to deliver tailored solutions and enhance customer protection.
Value beyond capital
NEXT176 provides value to its portfolio companies through strategic partnerships, access to Old Mutual's extensive resources, and a dual operational model that combines venture building with investment. This approach allows for the creation of first-party intellectual property and early access to external innovations, fostering financial inclusion and sustainable growth.
Terms and economics
- Typical check
- $17,500,000–$35,000,000
Focus and fit
- Stages
- Seed · Series A · Series B · Growth Equity
- Regions
- Africa
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 20
Portfolio context
NEXT176 has built or backed nearly 20 startups since its inception in 2021, including notable companies like Kena Health, a remote health app; Jobjack, an online job marketplace; CoverGo, a no-code insurance claims platform; and Pumpkn, an AgriTech startup focused on empowering agri-SMEs.
Common questions
What to know about NEXT176
Upseed classifies NEXT176 under the Corporate Venture Capital organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
March 28, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.