Experience · Retail, Brand & Consumer

The innovation company that shows up.

For twenty years, retail and consumer operators have brought in Nextwave X Partners when they needed to move a business — not run a demo. JB Hi-Fi. Ulta. Chipotle. Kaufmann Mercedes-Benz. Coca-Cola. J.D. Power. This is a page about that work, and what it turned into when we started deploying our own capital behind the same operators.

Three moments

The work retail incumbents actually remember us for.

Not every engagement makes it into a keynote. These three did — and they’re the ones corporate innovation leaders quote back to us a decade later.

Case 01 · 2017 → 2024
A$1B online

JB Hi-Fi × Shopify — the merchant-independence call.

Amazon was walking into Australia. JB Hi-Fi’s exec team had five questions and a January deadline. We were the operators they picked to answer them.

Ninety days. Three tracks: strategic response, ecosystem mapping, mobile enterprise. Alongside Cloudery’s Rafer Ounjian and JB Hi-Fi’s James Saretta, we ran the 2017 engagement that built the six-columns-of-ecommerce framework and made an early, non-consensus call: Shopify, not Enterprise commerce, not SaaS.

Seven years later, JB Hi-Fi migrated to Shopify. Online moved from ~A$200M to A$1B+. Category share went from 5% to 15%. New Zealand ecommerce grew 50%. Shopify wrote it up as one of their flagship enterprise case studies.

The engagement was $150K. The outcome was a billion-dollar business line. That’s the ratio we’re still working from — and the reason the triad (Gammill at NXP, Ounjian at Everything Machines, Saretta as NXP advisor) is still working together.

Shopify’s case study Our full write-up (PDF)
Case 02 · Ulta Beauty
Prisma Ventures

Ulta Prisma — the beauty category’s first CVC.

When Ulta decided beauty needed its own venture arm, we helped design and stand up the pilots that became Prisma Ventures.

The retail category with the fastest brand-turnover velocity, the most parasocial customer relationship, and the deepest exposure to the DTC-to-omnichannel transition. Ulta needed a way to see the next wave without competing with its own merchant teams for oxygen.

We ran the initial venture and innovation pilots — the ones that shaped what Prisma Ventures ultimately became. The current program invests in tech and brands adjacent to beauty; the operator DNA underneath came out of that early work.

Prisma Ventures today
Case 03 · Mercedes-Benz Chile
POC to production

Kaufmann — Mercedes-Benz’s Chilean partner turns a POC into a program.

A logistics startup, a Latin American Mercedes-Benz distributor, and one of the only operator-led venture programs actually running in the region. We ran the POC and the operating rhythm underneath it.

Kaufmann is the family-owned Mercedes-Benz importer that has run the brand in Chile since 1953. When their leadership decided premium automotive retail was going to be won on service logistics, they didn’t hire a consultancy — they hired us to be the outside venture arm.

We designed and ran the pilot: identify the right startup, structure the POC, prove the economics, hand the running program back to Kaufmann’s operators. It is the reference model for corporate venture in markets where the CVC category doesn’t exist yet.

What that turns into

The programs those engagements grew into — managed by NXP today.

The retail and consumer engagements weren’t stopping points. They were the operating experience underneath the venture platforms we run for corporate partners now.

Why a corporate hires us

Three things every one of these programs had in common.

01

The internal team didn’t need more consultants.

Every one of these engagements started because the operator had smart internal people already. What they needed was operators from outside who’d done the specific thing — not a slide deck, not a retainer, not a research report.

02

Non-consensus calls, with skin in the game.

Shopify in 2017 was not the consensus answer for a A$5B retailer. Prisma’s original thesis was not the consensus answer for beauty. Kaufmann running a CVC was not the consensus answer for the Chilean market. Our capital, our reputation, our next call all sit on top of these bets.

03

A durable operating rhythm, not a one-off.

The JB Hi-Fi triad is still working together seven years later. Prisma still runs. Kaufmann is still the reference program in Latin America. Cultivate Next is a live fund. We build things that keep running after the invoice clears.

The roster

Retail, brand, and consumer operators we’ve run programs inside.

Beyond the three above — the operating record across retail, brand, commerce, and the creator-consumer stack. Every logo here is a real engagement, not a case study we borrowed.

JB Hi-Fi Merchant independence
A$1B online
Ulta Beauty Prisma Ventures
early pilots
Chipotle Cultivate Next
$150M fund
Coca-Cola Brand innovation
& commercialization
Kaufmann Mercedes-Benz Chile Logistics POC
Chile CVC
J.D. Power Innovation lab
supporting new CDO
Banco BASE Fintech commerce
rollout
JCB Payments network
commerce partnership

See the full retail & consumer portfolio

Engage

If you’re running corporate venture and it’s not moving the business — we should talk.

CVC design, program build, and operating handoff for retail, brand, and consumer operators. Direct co-investment alongside our corporate partners. LP positions into Cultivate Next and future NXP-managed corporate vehicles. Foundry collaboration for operators who want a challenger brand built alongside their platform. Start the conversation