Next Level Ventures is a venture capital firm which invests in growing companies that are based in Iowa. We typically invest $1 million to $4 million for a minority ownership position in later-stage venture situations. Our team is looking for Iowa companies that have the potential to become big opportunities.
We provide capital and strong management expertise to help your company grow. Next Level Ventures is a certified Iowa Innovation Fund, contributing to Iowa’s economic development, and proud to be a part of the Iowa business community.
We have backed the following exciting Iowa based companies and are seeking up to ten portfolio companies in Fund I.
Capital: We typically invest $1 to $4 million for a minority ownership position in each company. Through our investment partners, we can do even larger transactions. We generally invest for two to five years.
Areas of Focus: We focus on Iowa businesses that can scale rapidly and operate in the advanced manufacturing, bioscience, and information technology sectors. These companies generally have at least $1 million in annual sales and a clear path to substantial revenue growth.
Post-Close Role: We are proactive with our portfolio companies by serving on boards, providing oversight, generating strategic opportunities, and expanding globally. Plus we drive our portfolio companies to profitable outcomes for the entrepreneurs, employees, managers, and investors.
We are native Iowans who are dedicated to providing both strong investment returns to our investors and economic growth to communities in Iowa.
Craig has over 25 years of investment, entrepreneurial and senior management experience in the US and globally. He served as an officer of Maytag where he led the operations of the Amana Commercial Division and Jade Products. Craig founded and was CEO of Appliancezone, a supply chain software company based in London. Craig is a co-founder of Rebound Enterprises, which invests in various companies. Craig currently serves on the boards of BirdDogHR, VIDA Diagnostics and MetaCommunications and was the Chairman of Global ID Group which was acquired by Inverness Graham in 2013. Craig is a native and resident of Des Moines, IA. He is also a member of Plains Angels, an angel investment group and has made several investments in Iowa and around the Midwest. He holds an MBA from Drake University and a BA from Luther College.
Duane has had over 30 years of experience in academics, business management, and private equity investing. He served as a professor at Iowa State University, worked as an economist at the Federal Reserve Bank of Philadelphia and managed corporate M&A and business development activities at General Mills. Duane also helped build two private equity firms, first Churchill Capital and then Northstar Capital, that collectively have managed over $1 billion in investments. Duane also serves as a Partner of Capital Management Resources, an administrator for investment funds. For six years, he has been an active sponsor of the Okoboji Entrepreneurial Institute. Duane has residences in Ankeny and Wahpeton and manages his family’s farm near Atlantic. He holds a PhD from The Wharton School at the University of Pennsylvania and an MS and BS from Iowa State University.
Scott has had several experiences as a CFO, investor, and strategic advisor. In these roles, he has worked on transactions that total more than $2 billion and has served on four boards of directors. He previously worked with UICO (a venture-backed touch technology company), Maroon Analytics (a private equity and advisory firm), New Markets Pte Ltd (a family investment office in Singapore), President Bill Clinton Foundation (a non-profit), Long Point Capital (a private equity firm), and Bear Stearns (an investment bank). Scott is originally from Des Moines, and his family has a farm near Fairfield. He is a member of Plains Angels and was a member of Hyde Park Angels in Chicago, and Scott has invested in several start-up companies. Scott holds an MBA from The University of Chicago Booth School of Business and a BA from Colgate University.
Director of Administration
Barbara has over 25 years of experience in all administrative activities for private equity fund management. She built the administrative infrastructure for both Churchill Capital and Northstar Capital where collectively she managed the administrative function for five separate funds. In addition, Barbara serves as the Managing Partner of Capital Management Resources where, during the past 14 years, she has developed and managed the administrative function for six private equity clients managing 11 separate funds. She also has prior experience in various administrative roles at Citicorp and CenterPoint Energy. She received an AA degree from Pillsbury College.
Ryan has over five years of experience in investment banking, equities research and project finance. Most recently, he managed the M&A advisory team in Sydney, Australia for Grant Thornton providing middle market clients advice and execution services regarding their acquisition, divestment and capital raising activities. Ryan also worked in a similar role at Deloitte Touche Tohmatsu and prior to this worked at Commonwealth Bank of Australia as a sell-side research analyst and in the institutional banking property division. Ryan is originally from Perth, Australia and relocated to Des Moines in March 2014. He is a member of Plains Angels and is actively involved in the startup community in Iowa. He holds a Bachelor of Commerce from the University of Notre Dame Australia and a Masters of Finance from Curtin University of Technology.
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