Building high-value software businesses.
Next 11 Ventures is a UK software incubator backed by a €250m+ revenue investment group.
We can guarantee funding for the life of your startup - meaning you potentially never need to do another funding round; provide business networks and support to help you scale faster; plus utilise other companies in the portfolio to act as your first customers.
About Next 11 Ventures
An active partner
We operate as an active partner — not a passive holding entity — working hand-in-hand with founders and management teams to unlock growth.
What We Do
Build
We help identify, structure and launch software opportunities with strong commercial potential.
Scale
We provide strategic, operational and capital support to help businesses move faster.
Leverage AI
We embed AI across product, operations, sales, finance and decision-making.
Exit
We maintain clean structures and disciplined governance to preserve future exit optionality.
How We Are Different
Through shared technology, infrastructure and insight, N11 leverages businesses within its wider group to become early customers — helping ventures achieve first revenue faster.
We solve access-to-finance challenges so founders can focus on what they do best: scale, without constant concern over future funding rounds or dilution.
Team
Managing Partner
Christopher Topp
Educated at London School of Economics, as an investor and entrepreneur Christopher has achieved multiple exits and also oversees Topp Holdings GmbH with a portfolio over €250m.
Executive Chairman
Ryan Henderson
Entrepreneur Ryan has achieved multiple business exits over his career, with a background in wind energy and electrical networks.
CEO
Steve Pugh
Former Startup Founder and Business strategy expert with 20+ years experience supporting several business exits and IPOs.
Operating Partner
Tony Potter
Entrepreneur Tony has a background in recruitment and wind energy and supports major global companies scale.
Portfolio Companies
CertCase helps you store, manage and securely share your certificates, qualifications and compliance documents using a simple link or QR code. You stay in control of who can access your information and can revoke access at any time.
The CRM that remembers every conversation. Capture notes by voice. Drop in emails. Watch SimpleCRM quietly link contacts, surface follow-ups and keep your pipeline alive — without the admin tax.
Work with people who want to change the world.
Full Stack Developer
Back End Developer
Frequently Asked Questions
Frequently asked questions.
What is Next 11 Ventures?+
Next 11 Ventures (N11) is a UK-based software incubator that builds, scales and exits high-value software businesses as an active partner to founders.
How is N11 different from a traditional VC?+
We are operators, not passive investors. We provide strategic capital, senior operational support, AI expertise and group distribution — helping founders reach first revenue faster and scale without constant fundraising pressure.
What stage of company does N11 back?+
We partner with founders from formation through scale — including building new ventures inside the studio and backing early-stage software teams where our operational depth can compound growth.
Does N11 only invest in the UK?+
N11 is UK-based, but we back software businesses with global ambition. Portfolio companies operate internationally through our distribution network and group customers.
What type of sectors does N11 focus on?+
We will look at business opportunities in any sector, however we believe that businesses with a blue-collar base, or physical manufacture, are likely to be disrupted slower by AI than white collar jobs - so we see these are more defensible. We also focus more on SMEs - not only as they make up 90%+ of businesses, but also smaller businesses are less likely to invest and develop their own systems (vs enterprise grade clients). Finally we like sectors where we have domain knowledge and expertise - which allows us to understand the market and add more value than something new. Examples include Offshore Energy, Healthcare, Recruitment, Logistics, Compliance and more.
How do I get in touch with the team?+
Email us at steve.pugh@next11.vc or connect with us on LinkedIn. We read every message and respond to founders and operators directly.
Speak to us
Office
United Kingdom