About Next Level Ventures
Next Level Ventures is a venture capital firm founded in 2013. It is primarily based out of Des Moines, United States. As of Dec 2025, Next Level Ventures is an active investor, having invested in 51 companies, with 1 new investment in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and High Tech. Most recently it participated in the $***** Series A round of MACH Overall, Next Level Ventures portfolio has seen 1 unicorn and 6 acquisitions including key companies like Dwolla, Caribou and Credit Mountain. A lot of funds co-invest with Next Level Ventures, with names like ISA Ventures sharing a substantial percentage of its portfolio. Next Level Ventures has team of 9 people including 6 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 3 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Next Level Ventures' List of Top Investments
Next Level Ventures has a portfolio of 51 companies, one of which is a Unicorn. Their most notable investments are in Pitchly and Coviance.Their portfolio spans across and United States. They have invested in Enterprise Applications, FinTech, High Tech and 20 other sectors, across stages such as Series A, Seed and 3 more. Here is the list of top investments by Next Level Ventures:
1. Zest AI
Provider of AI-enabled credit risk assessment platform. It provides users with a loan life cycle management suite for banks and financial institutions. Its services include data processing, automated documentation and compliance validation, deployment and integration, and more. It identifies borrowers' and lenders' credit risk through assessments and automated decisions.
Key facts about Zest AI
- Founded Year: 2009
- Location: Burbank (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $319M
- Employee Count: 234 as on Aug 31, 2026
- Investors: Northgate Capital, Saints Capital and 30 Others
- Latest Funding Round: Series D, Nov 04, 2025, $*****
- Highlight: Editors' Pick
2. Dwolla
Provider of payment solutions and automated clearing house (ACH) services. The company offers tools for businesses to streamline bank payments and automate payment processes. It provides a unified application programming interface for transactions integrated with open banking. The company’s features include mass pay, open banking services, and digital wallets. It supports various use cases, including business-to-business payments, marketplace transactions, and property management.
Key facts about Dwolla
- Founded Year: 2008
- Location: Des Moines (United States)
- Stage: Acquired
- Total Funding till date: $76.9M
- Employee Count: 57 as on Aug 31, 2026
- Investors: TTC, Union Square Ventures and 24 Others
- Latest Funding Round: Series E, Jul 08, 2021, $*****
- Highlight: Acquired
3. WithClutch
Online lending marketplace for refinancing car loans. It has partnered with multiple automobile brands that enable borrowers to lower payments or get credited to cover car loans. It also features an auto loan refinance calculator in order to estimate payments by providing credit scores and loan balances.
Key facts about WithClutch
- Founded Year: 2014
- Location: Half Moon Bay (United States)
- Stage: Series B
- Total Funding till date: $65M
- Employee Count: 264 as on Aug 31, 2026
- Investors: Alkeon Capital Management, CMFG Ventures and 8 Others
- Latest Funding Round: Series B, Jan 23, 2025, $*****
- Highlight: Editors' Pick
4. Posh
Provider of AI platform and solutions for financial service institutions. The company delivers customer service automation through voice and digital channels. It offers AI-powered tools for customer self-service, employee support, and knowledge management. The platform integrates with existing systems to streamline operations and improve customer experiences.
Key facts about Posh
- Founded Year: 2018
- Location: Boston (United States)
- Stage: Series A
- Total Funding till date: $45M
- Employee Count: 182 as on Aug 31, 2026
- Investors: CMFG Ventures, Human Capital and 22 Others
- Latest Funding Round: Series A, Jun 12, 2024, $*****
- Highlight: Editors' Pick
5. Eltropy
Platform offering reputation management software. It enables users to review and rate the services. It manages reviews online and analyzes the reviews against the competition. It offers a platform for sales reps to connect with buyers and share relevant documents related to the solar industry. Also offers a CMS for sales teams to store all collateral on a platform, share it with prospects, and get insights such as click rates, open rates, and view rates.
Key facts about Eltropy
- Founded Year: 2014
- Location: Milpitas (United States)
- Stage: Series A
- Total Funding till date: $25M
- Employee Count: 296 as on Aug 31, 2026
- Investors: Inventus Capital Partners, CMFG Ventures and 4 Others
- Latest Funding Round: Series A, Jun 16, 2021, $*****
- Highlight: Editors' Pick
Next Level Ventures' Year-on-Year Investment Trends
Next Level Ventures has invested in 51 companies over the last 12 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 1 investment. Its most recent first time investment was in MACH and most recent follow-on round was in Pitchly.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 1 | 0 | 1 |
2023 | 2 | 1 | 3 |
2022 | 3 | 3 | 6 |
2021 | 5 | 3 | 8 |
2020 | 1 | 2 | 3 |
2019 | 2 | 0 | 2 |
2018 | 2 | 1 | 3 |
2017 | 2 | 1 | 3 |
Next Level Ventures' Investments by Stage
Next Level Ventures has made 14 investments in Series A stage with an average round size of $6.87M, 9 investments in Seed stage with an average round size of $2.97M, 1 investment in Series B stage with an average round size of $25M, 1 investment in Series C stage with an average round size of $8M and 1 investment in Series D stage with an average round size of $6.95M.Stage of entry | No. of Investments |
|---|---|
Series A | 14 |
Seed | 9 |
Series B | 1 |
Series C | 1 |
Series D | 1 |
Note: We have considered here, only first round of investments
Next Level Ventures' Investments by Sector
Next Level Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Food and Agriculture Tech, FinTech and Life Sciences. Notably, it has invested in 44 Tech companies, 39 Enterprise (B2B) companies, 29 Software companies and at least 17 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 12 |
High Tech | 6 |
Food and Agriculture Tech | 5 |
FinTech | 4 |
Life Sciences | 4 |
Others | 30 |
Note: We have considered here, only first round of investments
Next Level Ventures' Investments by Geography
Next Level Ventures has made most investments in United States (26).Next Level Ventures' recent investments
Next Level Ventures has not made any investment in 2026 so far.Here are the most recent investments by Next Level Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 04, 2025 | United States | Series A | 2619 | ||
Oct 30, 2024 | United States | Seed | 1602 | [+6] | |
Aug 05, 2023 | United States | Series A | 6973 | ||
Jul 26, 2023 | United States | Series A | 2440 | [+2] | |
Mar 14, 2023 | United States | Series A | 9606 | [+6] |
Unicorns in Next Level Ventures' Portfolio
Next Level Ventures has 1 unicorn in its portfolio - Caribou. The most recent unicorn in their portfolio is Caribou which became a unicorn in 2022, 4 years before Next Level Ventures first invested in it.Here is a list of unicorns in Next Level Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
58 | Online comparison platform for auto insurance | 2016 | Washington, DC | Series C | gttwrvi |
Acquired companies in Next Level Ventures' Portfolio
6 companies from Next Level Ventures' portfolio have been acquired. The most recent acquisition was Credit Mountain in Aug 2026 by MeridianLink for $*****.Here are Next Level Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 03, 2026 | - | - | 1022 | |
May 19, 2026 | Sep 13, 2016 | Series D | 5568 | |
Aug 09, 2022 | - | - | 1979 | |
May 13, 2022 | Aug 20, 2020 | Seed | 9851 | |
Feb 01, 2022 | Sep 09, 2015 | Series C | 6839 |
Team profile of Next Level Ventures
Next Level Ventures has a team of 9 members including 6 Partners located in United States. Next Level Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Next Level Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Minnetonka | - | ||
Partner | Ames | - | ||
Partner | Minneapolis | - | ||
Partner | Boston | - | - | |
Partner | Clarksville | - | - | |
Partner | Las Vegas | - | - |
Co-investors of Next Level Ventures
Over the past 12 years, 150 investors have co-invested in Next Level Ventures's portfolio companies. This includes funds and angels.
- Invested before Next Level Ventures: HHS, Ag Startup Engine and 46 others have invested in rounds before Next Level Ventures. There are 2 companies where HHS has invested before Next Level Ventures and 2 companies where Ag Startup Engine has invested before Next Level Ventures.
- Top Co-investors of Next Level Ventures: 47 investors entered a company along with Next Level Ventures. These include investors like ISA Ventures (4 companies).
- Invested after Next Level Ventures: A total of 55 investors have invested in Next Level Ventures's portfolio after their investments. Top Investors include Tucson Federal Credit Union (2 companies), UnityPoint Health Ventures (2 companies) and ISA Ventures (2 companies).
Recent News related to Next Level Ventures
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Mach Lands $7M Funding and New OEM Deals to Scale Off-Road AutonomyFarm Equipment•Dec 04, 2025•The Venture Collective, MACH, Next Level Ventures, Midwest Growth Partners and 3 others
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iotaMotion Raises $12M Series ASilicon Valley Journals•Jul 27, 2023•IotaMotion, RCT, Mutual Capital Partners, ISA Ventures and 1 other
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Upduo Raises $4M in Seed FundingFinSMEs•Mar 14, 2023•Upduo, Impact Venture Capital, Sky9 Capital, ISA Ventures and 7 others
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Pitchly Closes $7 Million Series A Funding for Proven Easy-to-Use, SaaS-Based Data Enablement SolutionBusiness Wire•Mar 14, 2023•Pitchly, Homegrown Capital, LAUNCH, The Syndicate and 7 others
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AVD, the leading US cannabis vaping company, beats CCELL in USITC patent rulingBusiness Wire•Feb 02, 2023•Next Level Ventures
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Tractor Zoom raises $5 million Series A roundClay & Milk•Oct 05, 2022•Tractor Zoom, Builders VC, Next Level Ventures, ISA Ventures and 4 others
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Mazen Animal Health raises $11 million Series AClay & Milk•May 27, 2022•Cal Poly, SLO Seed Ventures, Adisan Laboratories, AgFunder and 7 others
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OpenLoop Raises $8M in Series A FundingFinSMEs•Mar 15, 2022•OpenLoop, SpringTide, ManchesterStory Group, Next Level Ventures and 2 others
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Nymbus CUSO Appoints Two New Board MembersBusiness Wire•Aug 24, 2021•Nymbus, VyStar Credit Union, Next Level Ventures
