About Next Level Ventures

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.

Iowa Sign

Watch to learn how we invest in Iowa.

Ped Mall in Iowa City. Image by Alan Light

Our Portfolio

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.

Software for talent management and compliance

Website: www.birddoghr.com

CEO: Todd Skokan

Location: Urbandale, IA

Software and hardware for power over ethernet LED lighting systems

Website: www.igor-tech.com

CEO: Steven L’Heureux

Location: West Des Moines, IA

Software for quantitative pulmonary analysis

Website: www.vidadiagnostics.com

CEO: Susan Wood

Location: Coralville, IA

Software for doctors and nurses to remotely connect with patients to test their blood at home

Website: www.webcarehealth.com
President: Teresa Sieck

Location: Ankeny, IA

Software for project management & workflow automation for creative and marketing teams

Website: www.meta-comm.com
CEO: Gregg Hammann
Location: Iowa City, IA

Software for online payments and money transfers

Website: www.dwolla.com

CEO: Ben Milne

Location: Des Moines, IA

Enterprise-level video conference and language translation solutions

Website: www.getconnectivity.com
CEO: Tom Kielty
Location: Cedar Rapids, IA

Software to create interactive educational applications

Website: www.builtbyhlt.com
CEO: Alec Whitters
Location: Coralville, IA

Long term care prescription management

Website: www.smartscripts.com
CEO: Todd Thompson
Location: Washington, IA

Integrated human capital management software; merger of BirdDogHR and ExakTime

Website: www.arcoro.com

CEOs: Todd Skokan / John O'Hara


Locations: Iowa / California

Data and reports for loan originators

Website: www.lenderclose.com
CEO: Omar Jordan
Location: West Des Moines, IA

Content service platform for professionals

Website: www.pitchly.net
CEO: Ryan Gerhardy
Location: Des Moines, IA

Iowa is the number one state in the US -- US News & World Report

Iowa Windmill. Image by Chanzi

Our Team

Managed by experienced investors and operators.

We are native Iowans who are dedicated to providing both strong investment returns to our investors and economic growth to communities in Iowa.

Craig Ibsen

Managing Principal

Duane Harris

Principal

Scott Hoekman

Principal

Federico Sarcina

Associate

Barbara Gooch

Director of Administration

Joseph R. Dunham II

Venture Partner

Ryan Gerhardy

Senior Adviser

Tej Dhawan

Senior Adviser

Iowa ranks 7th in “cost of doing business” and 10th in “business friendliness” -- CNBC

Great River Bridge in Burlington. Image by Jake Boyd

In the News

2018

Aug
22

BirdDogHR CEO Named The SaaS Report’s Top 50 CEO

BirdDogHR Secures Investment by Providence Strategic Growth and Joins Arcoro

Aug
15

Apr
17

Fintech CUSO LenderClose secures growth investment

Next Level Ventures Receives LWBJ Impact Award at Prometheus Awards

Apr
12

Feb
12

Dwolla announces $12 million investment

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