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. Notable investments include presentation software Slidebean, SeatGeek, social gaming company SCVNGR, MindSnacks, ConveyIQ, Houseparty, Notehall, LearnBop and Headout. DreamIt Ventures worked with Comcast Ventures on seed projects for Kwelia, Reactor Inc. and Toppermost Corp.
DreamIt ventures was listed on the Forbes Midas List of Top Startup Incubators and Accelerators.

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.
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.

Accelerator programs

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

Portfolio of companies

DreamIt Ventures has to date invested in 168 startups and companies, including:
CompanyFunding RoundsDate
SCVNGRSeedJune 1, 2008
ParselySeedMay, 2009
SeatGeekSeedMay 22, 2009
PostlingSeedAugust 1, 2009
AdaptlySeedAugust 11, 2010
MindSnacksSeedMarch 9, 2011
newquill, Inc.SeedAugust 10, 2011
KweliaSeedSeptember 8, 2011
SnipSnapAngelMay 11, 2012
BridesideSeedDecember 5, 2012
YEVVOSeedApril 1, 2013
Reactor Inc.SeedJuly, 2013

Notable exits