Next Level Ventures, LLC
Next Level is a leading investment firm in the Midwest & beyond providing strategic investment for companies ranging from seed funding to growth-stage funding.
In the firm's own words, from its website.
13 additional team members, 26 additional co-investors and affiliates, 30 additional investments, funds and LPs, 2 events, 28 verified contacts (26 professional url, 1 general firm email, 1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 2 companiesportfolio raising
2 portfolio companies have new financing on record in 6 months without this firm named on the round; the latest on 9 Jun 2026 ($12M sold on Form D).
A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.
- 2 dealswith TTV Capital
Invests most often alongside TTV Capital (2 shared deals) and Hyde Park Angels (2 shared deals).
pair last observed on record 30 Sep 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
People to know
View all people- Managing PartnerWhy: Managing partner: runs the firmProfile
- PartnerWhy: Partner: part of the investment decisionProfile
- PartnerWhy: Partner: part of the investment decisionProfile
Relationship network
81 connected entities4 observed rounds1 repeat counterparty
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Next Level Ventures, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Next Level Ventures, LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
31 companies on record, 0 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| GLOBAL REACH | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
| Gobound | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
| illuma.cx | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
Stated thesis versus observed behaviour
- Sectors
- fintech
- Stages
- seed, growth
- Geography
- global
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
17 current, 0 departed
Decision makers
- Craig Ibsen · Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibility; Confirmed current on the firm's own site 2026-10-01LinkedIn or profile link on file (firm website, their bio on the firm's website), confirmed 2026-10-01, confidence 90%
- Dave Tucker · PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibility; Confirmed current on the firm's own site 2026-10-01LinkedIn or profile link on file (firm website, their bio on the firm's website), confirmed 2026-10-01, confidence 90%
- Michael Perrin · PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibility; Confirmed current on the firm's own site 2026-10-01LinkedIn or profile link on file (firm website, their bio on the firm's website), confirmed 2026-10-01, confidence 90%
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. 3 with a route on file. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Managing Partner
- Partner · 3 deals attributed
- Partner
Contacts
1 general firm email, 1 firm phone, 26 professional url on record, each with its source. Values open with the complete profile.
Funds and LPs
5 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Curql Fund II, LLLP | Fund | 2024 form d first sale | Early deployment | $363M Mar 31, 2026 | 97 | $224M of $500M | Feb 5, 2025 |
| Curql Fund I, LLLP | Fund | 2021 adv first reported | Mature | $278M Mar 31, 2026 | 69 | unknown | unknown |
| Next Level Ventures Fund I, LLLP | Fund | 2013 form d first sale | Harvest | $13.3M Mar 31, 2026 | 65 | $38.1M of $50.0M | Dec 15, 2015 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.Relationships across DFX
29 co-investors · on 1 other DFX graph
Co-investors
- 2026-09-302 shared deals · recurring
- 2026-09-302 shared deals · recurring
- 2026-10-011 shared deal · one time
Across DFX and the capital chainon 1 other DFX graph ShowHide
- The same institution is held on RIA and Wealth, matched by identifier. See which records
Next Level Ventures, LLC is the same institution as 1 record in RIA and Wealth.
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Evidence and history
7 dated events, 63 observations from 3 sources
Timeline
- Mar 31, 2026Next Level Ventures Fund III, LLLP first reported on Form ADV by Next Level Ventures, LLC (Venture Capital Fund), GAV $12,456,586
- Jan 30, 2025Next Level Ventures, LLC filed the first Form D for Next Level Ventures Fund III, LLLP (fund 3), its next fund after Next Level Ventures Fund II, LLLP
- Mar 29, 2024Curql Fund II, LLLP first reported on Form ADV by Next Level Ventures, LLC (Venture Capital Fund)
- Feb 5, 2021Curql Fund I, LLLP first reported on Form ADV by Next Level Ventures, LLC (Venture Capital Fund)
- Aug 29, 2019Next Level Ventures, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 31, 2026 · 5 private fundsShowHide
- Headquarters
- Des Moines, IAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- nextlevelvc.com
- SEC adviser type
- Exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 31, 2026
- Private funds reported
- 5 (5 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $692Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Polar Ridge, Inc. (Member), owns 75% or more; Craig I. Ibsen Living Trust (Shareholder), owns 75% or more
Classification history
Classification history
Every classification this record has carried1 on recordShowHide
- Sep 12, 2026Corporate venture (confirmed, 95%)Corporate parent: Polar Ridge, Inc.
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 31, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 29, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 29, 2024 | Fact | Form ADV |
| First Form ADV filing | 2019-08-29 | Mar 31, 2026 | Fact | Form ADV |
| First Form ADV filing | 2019-08-29 | Mar 29, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-29 | Mar 29, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 31, 2026 | Fact | Form ADV |
| SEC status effective | 2019-08-29 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 29, 2024 | Fact | Form ADV |
| Business phone | Mar 31, 2026 | Fact | Form ADV | |
| Business phone | Mar 29, 2024 | Fact | Form ADV | |
| Contact page url | Sep 30, 2026 | Fact | ||
| Contact page url | Sep 16, 2026 | Fact | ||
| Description | Sep 30, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 13, 2026 | Fact | ||
| Headquarters | Des Moines, IA | Mar 31, 2026 | Fact | Form ADV |
| Headquarters | Des Moines, IA | Mar 29, 2024 | Fact | Form ADV |
| Office address | Mar 31, 2026 | Fact | Form ADV | |
| Office address | Mar 29, 2024 | Fact | Form ADV | |
| Legal form | Limited Liability Company | Mar 31, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Mar 29, 2024 | Fact | Form ADV |
| Portfolio page | Sep 30, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 13, 2026 | Fact | ||
| Private funds reported | 5 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 5 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 4 | Mar 29, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $692M | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $692M | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $285M | Mar 29, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 23, 2026 | Fact | Form ADV |
| Stated geography | global “geography words on the home page” | Sep 30, 2026 | Fact | |
| Stated geography | global “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | global “geography words on the home page” | Sep 13, 2026 | Fact | |
| Stated sectors | fintech “sector words on the home page” | Sep 30, 2026 | Fact | |
| Stated sectors | fintech “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | fintech “sector words on the home page” | Sep 13, 2026 | Fact | |
| Stated stages | Seed, growth “stage words on the home page” | Sep 30, 2026 | Fact | |
| Stated stages | Seed, growth “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | Seed, growth “stage words on the home page” | Sep 13, 2026 | Fact | |
| Team page | Sep 30, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 13, 2026 | Fact | ||
| Venture funds reported | 5 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 5 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 4 | Mar 29, 2024 | Fact | Form ADV |
| Website | Mar 31, 2026 | Fact | Form ADV | |
| Website | Mar 29, 2024 | Fact | Form ADV | |
| Site title | Sep 30, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 13, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersCorporate venture, confirmedShowHide
Corporate parent: Polar Ridge, Inc.
- importance
- gav: 0.56 · funds: 0.42 · people: 0.44 · investments: 0.57 · co investors: 0.59
- active deployment
- investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: not scored
- emerging manager
- fund count: 5 · reported gav: $692M · first adv filing: 2019-08-29 · years since first filing: 7.1
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Adviser's first ADV filing2019-08-29source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.