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Next Level Ventures is a strategic investment firm based in Des Moines, Iowa, founded in 2014. The firm manages over $500 million in assets across a diverse portfolio of more than 60 companies. It emphasizes long-term value creation through disciplined capital investment and active partnerships, primarily in technology-driven sectors that promote innovation, job growth, and economic development.
Since its inception, Next Level Ventures has focused on sectors such as agtech, healthcare, fintech, IoT, AI, and SaaS. The firm operates multiple funds, including the Curql Fund, which connects fintech companies with credit unions, and the Iowa Funds, which support local startups and emerging technology companies. Notable milestones include the launch of Fund III, which targets Iowa startups with strong traction and product-market alignment.
Next Level Ventures invests across various sectors, including agtech, healthtech, fintech, IoT, AI, and SaaS. The firm provides capital at different stages, from seed funding to growth-stage investments, typically ranging from $500,000 to $5 million per business. This flexible check size allows them to support startups at critical points in their development.
The firm operates through two primary investment strategies: the Iowa Funds, which focus on local startups in Iowa, and the Curql Fund, which is the largest credit union-backed strategic investment fund in the United States. This unique approach connects fintech companies with a nationwide credit union network, providing portfolio companies with built-in distribution channels and strategic partnerships.
Next Level Ventures has a diverse portfolio that includes over 60 companies across multiple industries. Notable portfolio companies include:
These companies represent a mix of sectors that align with Next Level Ventures' investment focus, showcasing their commitment to supporting technology-driven innovation.
Craig Ibsen: Managing Partner with extensive experience in venture capital and private equity. He has led numerous successful investments in technology-driven sectors.
Duane Harris: Partner with a background in finance and investment management, focusing on strategic growth opportunities.
Dave Tucker: Partner known for his expertise in operational management and scaling startups.
Roger Scholten: Partner and General Counsel, providing legal oversight and guidance on investment transactions.
Michael Perrin: Partner with a strong background in technology investments and market analysis.
Martin Walker: Principal with experience in early-stage investments and startup development.
Elizabeth Caven: Principal focused on supporting portfolio companies in achieving growth milestones.
Startups interested in pitching to Next Level Ventures should visit their website at nextlevelvc.com. They prefer detailed pitch decks that include information on the business model, market analysis, and financial projections. A warm introduction is beneficial but not mandatory. Response times can vary, so founders should be prepared for potential follow-up discussions.
Next Level Ventures operates several funds, including:
In September 2023, Next Level Ventures achieved a notable exit with the acquisition of WebCareHealth. This exit highlights the firm's ability to identify and support high-growth companies in the healthcare sector.
In April 2024, Next Level Ventures made a significant investment in Coviance during their Series C funding round, further expanding their portfolio in the technology sector.
Additionally, the firm is preparing for the first close of Fund III, which is set to launch in January 2025, targeting Iowa startups with strong traction and product-market alignment.
What are the investment criteria for Next Level Ventures?
Next Level Ventures invests in seed and growth-stage companies across sectors such as agtech, healthtech, fintech, IoT, AI, and SaaS. They typically provide funding ranging from $500,000 to $5 million.
How can startups apply or pitch to Next Level Ventures?
Startups can pitch to Next Level Ventures through their website at nextlevelvc.com. They recommend including a clear business model, market analysis, and financial projections in the pitch deck.
What makes Next Level Ventures different from other investors?
Next Level Ventures offers unique access to a nationwide credit union network through their Curql Fund, which provides portfolio companies with strategic partnerships and distribution channels.
What is the geographic scope of Next Level Ventures?
The firm primarily focuses on investments within the United States, with a particular emphasis on supporting startups in Iowa through their Iowa Funds.
What is the post-investment involvement of Next Level Ventures?
Next Level Ventures actively partners with portfolio companies, providing strategic guidance, access to resources, and support in navigating growth challenges.
What is the size of the funds managed by Next Level Ventures?
Next Level Ventures manages over $500 million across multiple funds, including the Curql Fund and the Iowa Funds.
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