DreamIt Ventures

DreamIt Ventures, founded in 2007, is a venture capital and seed accelerator firm focusing on Seed Venture, Early Stage Venture and Late Stage Venture Investing. Headquartered in Philadelphia, Pennsylvania, the venture capital firm operates four seed accelerators in the USA: Philadelphia, New York, Baltimore and Austin, as well as an international accelerator in Tel Aviv.

Via its accelerator programs, DreamIt Ventures has launched over 200 companies that have raised $275 million at combined valuations of more than $1 billion.[1] Notable investments include presentation software Slidebean,[2] SeatGeek,[3] social gaming company SCVNGR, MindSnacks,[4] ConveyIQ (formerly Take The Interview),[5] Houseparty (formerly Meerkat),[6] Notehall,[7] LearnBop[8] and Headout.[9] DreamIt Ventures worked with Comcast Ventures on seed projects for Kwelia, Reactor Inc. and Toppermost Corp.

DreamIt ventures[10] was listed on the Forbes Midas List of Top Startup Incubators and Accelerators.[11]

History

DreamIt Ventures was co-founded in 2007 by Steven Welch, Michael Levinson and David Bookspan. Steven Welch is Managing Partner of programs in the Austin and Philadelphia accelerators and is CEO of KinderTown, providing educational Apps for young children.

Michael Levinson is Founding Partner and CEO of SaaS productivity tool WizeHive. Currently, Levinson is an investor at Robin Hood Ventures.[12]

David Bookspan is a Founding Partner, CEO and Founder of Monetate Inc. All three founders are active ‘angel investors’ with a focus on pharmaceutical, medical devices and software/SaaS.

Avi Savar was named CEO in September 2015.[1]

Accelerator programs

DreamIt Ventures manages and operates various accelerator programs.[13][14] The Philadelphia programs operate from University City Science Center.[14] While these programs include all areas of industry, the company has some, like DreamIt Health, which target specific types of companies.[13] DreamIt Access programs focus on mentorship and funding to minority-owned startups.[13]

Portfolio of companies

DreamIt Ventures has to date invested in 168 startups and companies, including:

Company Funding Rounds Date
SCVNGR Seed June 1, 2008
Parsely Seed May, 2009
SeatGeek Seed May 22, 2009
Postling Seed August 1, 2009
Adaptly Seed August 11, 2010
MindSnacks Seed March 9, 2011
newquill, Inc. Seed August 10, 2011
Kwelia Seed September 8, 2011
SnipSnap Angel May 11, 2012
Brideside Seed December 5, 2012
YEVVO Seed April 1, 2013
Reactor Inc. Seed July, 2013

Notable exits
Company Acquisition
AppArchitect Acquisition December 8, 2014
Clothes Horse Acquisition December 3, 2014
LearnBop Acquisition July 1, 2014
Stylr Acquisition June 16, 2014
Sqoot Acquisition May, 2013
Postling Acquisition November 2, 2012
UXFLIP Acquisition April 24, 2012
Notehall Acquisition June 23, 2011

References
  1. Konrad, Alex (September 21, 2015). "Dreamit, The Accelerator Behind Meerkat And SeatGeek, Takes A Bold No Equity Approach". Forbes. Retrieved September 21, 2015.
  2. Crook, Jordan (August 6, 2014). "Introducing The Startups From Accelerator DreamIt New York's Fourth Class". Techcrunch.
  3. "SeatGeek on CrunchBase".
  4. "Mindsnacks on CrunchBase".
  5. "Take The Interview on CrunchBase".
  6. "Meerkat on CrunchBase".
  7. "Notehall on CrunchBase".
  8. "LearnBop on CrunchBase".
  9. "Headout on CrunchBase".
  10. "DreamIt Ventures on CrunchBase".
  11. Mac, Ryan (April 30, 2012). "Top Startup Incubators And Accelerators: Y Combinator Tops With $7.8 Billion In Value". Forbes.
  12. "Michael Levinson on Bloomberg Businessweek".
  13. "Meet the incubator: DreamIt Ventures". October 1, 2014.
  14. "DreamIt Ventures Launches Accelerator Program in Philadelphia". September 8, 2011.
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