NEWCaplight raises a $16M Series A, led by BlackRock and Fin Capital →
Skip to main content
Caplight Logo









Next Billion Capital Partners

Next Billion Capital Partners

Washington D.C.nextbillion.capital

Overview

Next Billion Capital Partners is a private equity firm that invests in growth-stage companies in the financial services, insurance, and healthcare sectors across global emerging markets.

Year Founded

2019

Portfolio Companies

8

Investments

Next Billion Capital Partners investments
CompanyDateStageLead
BHubNov 2025Series B ExtensionLead
minuNov 2024Series BCo-investor
SekiloSep 2021Early FundingCo-investor
Morada UnoSep 2021SeedCo-investor
Bazaar TechnologiesAug 2021Series ACo-investor

Key People

MUHAMMAD HISYAM ALFALAQ

Founding Partner

Ken Toyoda

Managing Partner

Cikü Mugambi

Venture Partner

Khaled Talhouni

Venture Partner

Stevon D. Darling

Venture Partner

Tiang Lim Foo

Venture Partner

Falgu Shah

Partner

Sector & Stage Mix

Industry, funding stage, and valuation band breakdowns.

Premium
SeedSeries ASeries BGrowth

Unlock portfolio analytics

Sign up to view full sector, stage, and valuation breakdowns for this investor.

Investment Activity

Yearly cadence, pace, and funding raised over time.

Premium
2021
2022
2023
2024
2025
2026

Unlock portfolio analytics

Sign up to explore yearly investment trends and funding raised over time.

FAQ

Firmographic Details

HeadquartersWashington D.C.
Year Founded2019

Institutional Data Access

Join leading institutional investors using Caplight to access private market data, discover pricing, and execute secondary block trades.

Requires verified institutional or accredited status.