Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

Funds / Next Level Ventures Fund II, LLLP

Next Level Ventures Fund II, LLLP

UnknownUnknownFundADV: Venture Capital FundNext Level Ventures, LLCIowa
Amounts, each with its basis
Vintage
unknownno dated first sale or first report yet
Target
unknownnot announced
First close
unknownnever inferred from a Form D
Final close
unknownonly from an announcement or an LP disclosure
Announced size
unknown
Form D offering
$50.0Mwhat may be sold, not what was raised; file 021-311495, sworn by the adviser or filed under this vehicle
Form D sold
$0as of the filing of May 2, 2018
First sale
unknown
Reported GAV
$28.2Mon the Form ADV filed Mar 29, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
35
Reported on ADV
Aug 29, 2019 to Mar 29, 2024
Fundraising evidence
Unknown
latest Form D 2018-05-02, older than 15 months (fr-1)
evidence dated May 2, 2018. A Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.
Lifecycle
Unknown
no vintage and no recent Form D
first sale: n/avintage year: n/aadv gav as of: 2024-03-29vintage basis: n/aform d sold usd: 0form d offering usd: $50.0Mform d latest filed at: 2018-05-02
The fund's own reporting through time
6 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Aug 29, 2019Venture Capital Fund$36.8M
31$500,0002%yes
Feb 9, 2020Venture Capital Fund$39.2M
31$500,0002%yes
Feb 5, 2021Venture Capital Fund$41.6M
35$500,0002%yes
Mar 30, 2022Venture Capital Fund$37.4M
35$500,0002%yes
Mar 31, 2023Venture Capital Fund$31.5M
35$500,0002%yes
Mar 29, 2024Venture Capital Fund$28.2M
35$500,0002%yes
Principals and agents
5 principals on Form D, 0 placement agents
  • Duane Harris Promoter
  • Next Level Ventures, LLC Next Level Ventures, LLC Promoter
  • Craig Ibsen Promoter
  • Scott Hoekman Promoter
  • Next Level Ventures GP II, LLC Next Level Ventures GP II, LLC Promoter
Limited partners and their reported performance
0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
2 events
  1. Aug 29, 2019
    Next Level Ventures Fund II, LLLP first reported on Form ADV by Next Level Ventures, LLC (Venture Capital Fund), GAV $36,841,912
    Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  2. May 2, 2018
    Next Level Ventures Fund II, LLLP filed Form D: no sales yet of $50,000,000, Pooled Investment Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
14 observations
Every observation on this vehicle