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.

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


Scott Hoekman


Federico Sarcina


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

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