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DreamIt Ventures

DreamIt Ventures is a startup accelerator that has helped launched 145 cos who have raised over $135M in funding at a combined enterprise value of almost $450M.

  • Stage Full Product Ready
  • Industry Other
  • Location Austin, TX, US
  • Currency USD
  • Founded January 2008
  • Employees 14
  • Website dreamitventures.com

Company Summary

DreamIt Ventures is a startup accelerator that has helped launched 145 cos who have gone on to raise over $135M in funding at a combined enterprise value of approx $450M. DreamIt is raising a $30M fund to invest in approx 180 companies. As of June 30, 2014 the Fund already has an unrealized return of 1.7x (net of time pro-rated fees and carry) on an average investment life of 1.1 years. $15M of the $30M has been raised to-date.

Team

  • With 20+ years of executive strategy & ops experience, Rupp spent much of her time at startups, incl: Jobster, MarketSpan & CourtLink. She was founder of Holiday Golightly, an online travel service. She was VP of Biz Dev at Jobster & Classmates.com; MD & VP of Market Planning at LexisNexis; & a Consultant at both McKinsey & Andersen Consulting. She has consulted for AllRecipes, ReadersDigest, LexisNexis, Payscale & Taleo. HBS MBA, Duke BA

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    Founder

    David is Founder and Chairman of Monetate, Inc.. In 1996, David co-founded and was CEO of MarketSpan, sold to LexisNexis in 2000. David has been Vice-Chair of the Mid-Atlantic Angel Group Fund I, L.P., a past-President of Robin Hood Ventures, and a member of L.O.R.E. David practiced law and was a litigation partner at Wolf, Block Schorr and Solis-Cohen.
    --A.B., Vassar College
    -- J.D., Georgetown University Law Center, Editor of the Law Review.

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    Steven Welch
    Founder

    Steve is founder and CEO of KinderTown. In July 2007 (at the age of 29), Steven sold the Mitos group of companies that he had started 6 years earlier to Parker Hannifin. In 2008, Steve was selected as a Philadelphia Business Journal's Entrepreneur of the Year. In 2009 Steven was awarded the prestigious Eisenhower Fellowship and published a book about entrepreneurship, "We are all Born Entrepreneurs". He previously ran for United States Senate.

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    Mike Levinson
    Founder

    Mike co-founded and is CEO of WizeHive. Mike co-founded PTS Learning Systems, which he grew into a highly profitable international organization with over 200 employees and revenues of $30 million and sold it in 1999. Mike co-founded founded TechWise Group, and was a founder or co-founder of LegalEdge Software, the 3E Institute, and The Academy of Manayunk.
    -- Economics/Accounting, Wharton
    --CPA
    --JD, Villanova Law School

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    Director of Programs

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    Managing Partner, DreamIt Health

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    Managing Partner, DreamIt Funds

    Karen was co-founder of Liberty Venture Partners, a $150M fund; FashInvest - a media/events initiative in branded goods, fashion & retail; and Lipstick Wisdom, a community website for mothers of children with neurological differences. Karen holds an MBA from Wharton (with Distinction), a MS in Computer Science from the Moore School of Engineering and a BS in Computer Science (Phi Beta Kappa) from the College of William and Mary.

Advisors

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    Steven M. Cohen, Esq. Morgan, Lewis & Bockius LLP
    Lawyer
    Unconfirmed

Previous Investors

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    Ben Franklin Technology Partners of SE Pennsylvania
    Unconfirmed
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    PA Department of Community & Economic Development (DCED)
    Unconfirmed
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    University City Science Center
    Unconfirmed