---
title: "NEXT176"
description: "NEXT176 is the venture building and investment arm of Old Mutual, a pan African financial services group. It operates as a corporate venture capital and innovation subsidiary that builds, invests in, and partners with startups and corporates to create disruptive and sustainable growth in emerging economies. Public information confirms operations and headquarters in South Africa. In Africa, NEXT176 invests in early stage technology companies, with a particular focus on seed stage opportunities. Based on disclosed transactions, it has backed multiple South African startups including Jem, HYDRA, and Pumpkn, all at the seed stage. Its activity spans sectors such as HR and talent, AI and analytics, and agri tech, and its recent investments have been concentrated in South Africa. NEXT176 collaborates with a range of co investors to support its portfolio companies, including firms such as Catalyst Fund, E Squared, Aions Creative Technology, Jozi Angels, and Holocene. As Old Mutual’s venture arm, it also enters strategic partnerships with other corporate venture groups to build new platforms and products, while continuing to expand its portfolio of high growth and disruptive businesses in key ecosystems."
canonical_url: "https://liners.com/investors/next176"
markdown_url: "https://liners.com/investors/next176.md"
type: "investor"
language: "en"
updated_at: "2026-08-25T03:01:02.452Z"
---

# NEXT176

NEXT176 is the venture building and investment arm of Old Mutual, a pan African financial services group. It operates as a corporate venture capital and innovation subsidiary that builds, invests in, and partners with startups and corporates to create disruptive and sustainable growth in emerging economies. Public information confirms operations and headquarters in South Africa. In Africa, NEXT176 invests in early stage technology companies, with a particular focus on seed stage opportunities. Based on disclosed transactions, it has backed multiple South African startups including Jem, HYDRA, and Pumpkn, all at the seed stage. Its activity spans sectors such as HR and talent, AI and analytics, and agri tech, and its recent investments have been concentrated in South Africa. NEXT176 collaborates with a range of co investors to support its portfolio companies, including firms such as Catalyst Fund, E Squared, Aions Creative Technology, Jozi Angels, and Holocene. As Old Mutual’s venture arm, it also enters strategic partnerships with other corporate venture groups to build new platforms and products, while continuing to expand its portfolio of high growth and disruptive businesses in key ecosystems.

## Breadcrumbs

- [Investors](/investors)
- [NEXT176](/investors/next176)

## Summary

NEXT176 is the venture building and investment arm of Old Mutual, a pan African financial services group. It operates as a corporate venture capital and innovation subsidiary that builds, invests in, and partners with startups and corporates to create disruptive and sustainable growth in emerging economies. Public information confirms operations and headquarters in South Africa. In Africa, NEXT176 invests in early stage technology companies, with a particular focus on seed stage opportunities. Based on disclosed transactions, it has backed multiple South African startups including Jem, HYDRA, and Pumpkn, all at the seed stage. Its activity spans sectors such as HR and talent, AI and analytics, and agri tech, and its recent investments have been concentrated in South Africa. NEXT176 collaborates with a range of co investors to support its portfolio companies, including firms such as Catalyst Fund, E Squared, Aions Creative Technology, Jozi Angels, and Holocene. As Old Mutual’s venture arm, it also enters strategic partnerships with other corporate venture groups to build new platforms and products, while continuing to expand its portfolio of high growth and disruptive businesses in key ecosystems.

## Recorded investments

| Product | URL | Stage | Amount | Date |
| --- | --- | --- | --- | --- |
| Jem | /jem | Seed | 3300000 | 2025-03-01T00:00:00.000Z |
| HYDRA | /hydra | Seed | 1600000 | 2025-01-01T00:00:00.000Z |
| Pumpkn | /pumpkn | Seed | 400000 | 2024-09-01T00:00:00.000Z |

## Related pages

- [All investors](/investors)
- [Funding rounds](/funding)

## Access and citation

- [Canonical HTML page](https://liners.com/investors/next176)
- [Markdown route index](/sitemap.md)
- [Agent access guide](/llms.txt)