Summary:
NEXT Global Capital is relocating its global headquarters to Salt Lake City, Utah, signaling a major expansion.
Former U.S. Congressman Chris Stewart has been appointed as the new chief strategy officer, bringing expertise in aerospace and technology.
The firm, founded by L.R. Fox, also manages ventures like WhiteFox Defense for counter-drone solutions and NEXT Life Sciences developing a reversible male contraceptive.
This move aims to foster innovation and entrepreneurship in Utah, with the office serving as a hub for high-impact projects.
Fox is also expanding Okapi Venture Capital into the Mountain West to further fuel Utah's thriving business community.
Venture capital firm NEXT Global Capital has made a major announcement: it is relocating its global headquarters to Salt Lake City and appointing former U.S. Congressman Chris Stewart as its new chief strategy officer. This strategic move underscores the company's commitment to growth and innovation in a region known for its entrepreneurial spirit.
L.R. Fox, the founder of NEXT Global, emphasized the significance of this expansion, stating, "NEXT Global’s move to Utah and the appointment of Chris Stewart as chief strategy officer reflect NEXT Global’s investment in strategic expansion and our long-term organizational goals. At NEXT Global, we are committed to identifying and investing in breakthroughs that will change the world. We’re thrilled to expand these contributions in a community that shares our values of innovation, collaboration, and community building."
Fox is also recognized for launching WhiteFox Defense, a leading counter-drone solutions company that specializes in drone detection, tracking, and mitigation to protect critical airspace. Additionally, NEXT Global manages NEXT Life Sciences, which is pioneering the development of "Plan A," the first nonhormonal and reversible male contraceptive designed to last up to 10 years, aiming to empower individuals in family planning decisions.
The new Salt Lake City office will serve as the central hub for NEXT Global's core operations and as a regional center for engaging with entrepreneurs focused on high-impact projects that could redefine the future.
In his new role, Fox, who also works as a venture partner at California-based Okapi Venture Capital, is moving to Utah to help expand that firm's presence in the Mountain West, with a strong emphasis on supporting Utah's dynamic business community.
Chris Stewart expressed his enthusiasm, saying, "I’m honored to join NEXT Global Capital as the company establishes its headquarters in Salt Lake City. Utah has long served as a hub of innovation and entrepreneurship. Fox joining this hub has already led to significant investment that will be felt globally. NEXT Global Capital aligns with my personal mission to advance solutions that make a real impact."
Stewart brings extensive experience in aerospace and technology, having previously served as chairman of 47G, Utah's defense and aerospace association. Although former Utah House Speaker Brad Wilson took over as chairman in April, Stewart remains an active member of the board of directors.
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