Next Level Ventures

Next Level Ventures is a venture capital firm specializing in seed, growth capital, and later stage investments. The firm primarily invests in biosciences, advanced manufacturing, and information technology sector. It seeks to invest in companies based in Iowa. The firm typically invests between $1 million to $4 million for a minority ownership position in companies having at least $1 million in annual sales. Through its investment partners, the firm can do even larger transactions. It seeks to invest for two to five years. The firm seeks to serve on the board of its portfolio companies. Next Level Ventures was founded in December 2013 and is based in Des Moines, Iowa.

Ryan Gerhardy

Senior Advisor

Barbara Gooch

Director of Administration

Duane Harris

Partner

Scott Hoekman

Partner

Craig Ibsen

Managing Partner

Michael Perrin

VP

Dave Tucker

Partner

23 past transactions

WINPRO Pet

Series B in 2021
WINPRO is the world's first and only line of blood protein supplements. WINPRO products use the power of clinically proven animal blood proteins to help prevent and combat the negative effects of stress-induced inflammation in dogs.

Dwolla

Venture Round in 2021
Dwolla, Inc. develops application program interface (API) solutions that facilitate bank transfers, manage customers, and verify bank accounts. The company offers Access API that enables users to link bank accounts and initiate transfers within their platform. It also provides Dwolla Dashboard and Admin, an intuitive interface for managing customers, viewing transactions, and finding business trends. Dwolla, Inc. was founded in 2010 and is based in Des Moines, Iowa.

OpenLoop

Seed Round in 2021
Turnkey clinician workforce solution.

LenderClose

Series B in 2020
LenderClose, Inc develops software solutions for credit unions and community banks. The company offers web-based applications that allow loan officers and lending staff to run a streamlined lending cycle. Its software provides home mortgage disclosure act compliance, credit and fraud reports, loan valuation, flood determination, title search, consumer financial protection bureau compliant loan documents, nationwide closing/signing services, county recording services, income verification, tax certifications and tracking, and subject outline. LenderClose, Inc was founded in 2015 and is based in West Des Moines, Iowa.

Gross-Wen Technologies

Series A in 2021
Gross-Wen Technologies is a biotechnology company that specializes in the fields of water quality, wastewater, and water nitrogen. It helps municipalities and industrial clients sustainably treat water in more effective and affordable ways.

Mazen Animal Health, Inc.

Series A in 2022
Mazen Animal Health is a new company focused on developing, delivering and commercializing novel biological vaccines and therapeutics that disrupt the status quo and address complex or unsolved challenges in animal health and protein production. Their first disruptive solution is a reinvention of vaccines with a novel technology platform that will shift the paradigm in disease prevention.

OpenLoop

Series A in 2022
Turnkey clinician workforce solution.

MākuSafe Corp.

Venture Round in 2019
Founded in 2016, MākuSafe makes wearable technologies to help identify, predict, and prevent risk in workplace environments using IoT sensors and SaaS. MākuSafe has created award-winning technology that identifies true leading indicators that can be used by organizations to proactively reduce risk for their workforce. Their patented armband device is equipped with sensors to track environmental and human motion data from employees while they work and send that data back the the MākuSmart platform. Safety and operational personnel can view the cloud dashboard to see the employee-generated and auto-generated reports relating to environment, safety, and productivity.

MākuSafe Corp.

Seed Round in 2019
Founded in 2016, MākuSafe makes wearable technologies to help identify, predict, and prevent risk in workplace environments using IoT sensors and SaaS. MākuSafe has created award-winning technology that identifies true leading indicators that can be used by organizations to proactively reduce risk for their workforce. Their patented armband device is equipped with sensors to track environmental and human motion data from employees while they work and send that data back the the MākuSmart platform. Safety and operational personnel can view the cloud dashboard to see the employee-generated and auto-generated reports relating to environment, safety, and productivity.

Mazen Animal Health, Inc.

Seed Round in 2021
Mazen Animal Health is a new company focused on developing, delivering and commercializing novel biological vaccines and therapeutics that disrupt the status quo and address complex or unsolved challenges in animal health and protein production. Their first disruptive solution is a reinvention of vaccines with a novel technology platform that will shift the paradigm in disease prevention.

MSUITE

Seed Round in 2020
MSUITE Corporation designs and develops a cloud-based suite of management software to connect building information modeling (BIM), Fab, and Field Construction teams for the construction industry. The company provides solutions, such as BIMPro, a plug-in for Autodesk Revit that automates spooling selection and sheet creation; FabPro, a shop production management tool that focuses on accurate productivity and status tracking; and FieldPro, a field management tool that allows site leadership to track real time status and productivity of activities on the job site. MSUITE Corporation was founded in 2015 and is based in Cedar Rapids, Iowa.

Higher Learning Technologies(HLT)

Venture Round in 2017
Higher Learning Technologies specializes in using mobile technology to create better education solutions. HLT mission is to empower students by creating the most innovative, captivating, and successful, mobile education platform. Their vision is to transform the lives of students by giving them the knowledge and confidence they need to turn their dreams into reality. It was founded in 2012 and is based in Coralville, Iowa.

VIDA Diagnostics, Inc.

Debt Financing in 2014
VIDA modernizes lung and respiratory care, empowering healthcare organizations and physicians to improve patient outcomes, streamline care coordination and drive efficiencies through a comprehensive approach, proven quality, and clinical leadership. Through quantitative data intelligence and impactful visualizations, VIDA helps physicians manage patients with or at risk of chronic obstructive pulmonary disease (COPD), interstitial lung disease (ILD), lung cancer, and now, COVID-19. VIDA’s software is FDA cleared, CE-marked, Health Canada licensed and TGA registered for clinical use in the US, European Economic Area, Canada, and Australia. Learn more at vidalung.ai.

VIDA Diagnostics, Inc.

Series B in 2016
VIDA modernizes lung and respiratory care, empowering healthcare organizations and physicians to improve patient outcomes, streamline care coordination and drive efficiencies through a comprehensive approach, proven quality, and clinical leadership. Through quantitative data intelligence and impactful visualizations, VIDA helps physicians manage patients with or at risk of chronic obstructive pulmonary disease (COPD), interstitial lung disease (ILD), lung cancer, and now, COVID-19. VIDA’s software is FDA cleared, CE-marked, Health Canada licensed and TGA registered for clinical use in the US, European Economic Area, Canada, and Australia. Learn more at vidalung.ai.

LenderClose

Series A in 2018
LenderClose, Inc develops software solutions for credit unions and community banks. The company offers web-based applications that allow loan officers and lending staff to run a streamlined lending cycle. Its software provides home mortgage disclosure act compliance, credit and fraud reports, loan valuation, flood determination, title search, consumer financial protection bureau compliant loan documents, nationwide closing/signing services, county recording services, income verification, tax certifications and tracking, and subject outline. LenderClose, Inc was founded in 2015 and is based in West Des Moines, Iowa.

IGOR INC.

Series B in 2016
Igor is a developer of a power lighting platform used to offer an intelligent control over LED lighting systems in spaces of all sizes. Its platform helps users to connect LED light fixtures, motion sensors, and daylight sensors through a network switch as well as assigns the attached devices through the application interface that enable manufacturers to manage and adjust which lights, switches, and sensors belong to which unique space.

Pitchly

Seed Round in 2018
Pitchly, Inc. develops a cloud-based content services platform for merger and acquisitions (M&A) professionals to organize and activate their intellectual property. It provides database service to record the proprietary experience. Its platform allows customers to create and manage a custom database to record data points and documents. The company serves investment banks, accounting and advisory firms, and law firms. Pitchly, Inc. was founded in 2014 and is based in Des Moines, Iowa.

1CommMedical

Series A in 2015
1COMM Medical Inc. is a company devoted to providing physician and health care organizations turnkey solutions for medical device patient monitoring and billing services.

Dwolla

Venture Round in 2017
Dwolla, Inc. develops application program interface (API) solutions that facilitate bank transfers, manage customers, and verify bank accounts. The company offers Access API that enables users to link bank accounts and initiate transfers within their platform. It also provides Dwolla Dashboard and Admin, an intuitive interface for managing customers, viewing transactions, and finding business trends. Dwolla, Inc. was founded in 2010 and is based in Des Moines, Iowa.

VIDA Diagnostics, Inc.

Series C in 2020
VIDA modernizes lung and respiratory care, empowering healthcare organizations and physicians to improve patient outcomes, streamline care coordination and drive efficiencies through a comprehensive approach, proven quality, and clinical leadership. Through quantitative data intelligence and impactful visualizations, VIDA helps physicians manage patients with or at risk of chronic obstructive pulmonary disease (COPD), interstitial lung disease (ILD), lung cancer, and now, COVID-19. VIDA’s software is FDA cleared, CE-marked, Health Canada licensed and TGA registered for clinical use in the US, European Economic Area, Canada, and Australia. Learn more at vidalung.ai.

Workgroups DaVinci

Series A in 2015
Workgroups DaVinci is the end-to-end productivity solution built specifically for today’s marketing and creative teams.

FarmlandFinder, Inc.

Seed Round in 2019
FarmlandFinder is a provider of an online marketplace intended to make the world's farmland information accessible. The company's marketplace connects farmers with the right farmland and offers information of upcoming land sales, sale price records, sale comparison tool, soil composition maps, enabling clients to reduce time spent on researching farmland real estate market as well as cost of selling, renting and acquiring farmland.

IGOR INC.

Series A in 2014
Igor is a developer of a power lighting platform used to offer an intelligent control over LED lighting systems in spaces of all sizes. Its platform helps users to connect LED light fixtures, motion sensors, and daylight sensors through a network switch as well as assigns the attached devices through the application interface that enable manufacturers to manage and adjust which lights, switches, and sensors belong to which unique space.