Q3 2024 Update

I hope this Q3 update finds you well! While the year may have started a bit slow, I’m excited to share that things have picked up in recent months. Follow on activity has increased within the portfolio, and I’m hopeful to have a few more new deals close by the end of the year.

New Investments

Network Ventures invested in its 33rd portfolio company in Q3 - UnVale. UnVale is where the next generation of storytellers develop new media, grow their audience, and publish the next worldwide hit. The company has built a thriving community of over 150k creatives and over 1m original creations. The company raised a $1m round led by Antler, with Graham & Walker, Ganas Ventures, LongJump and GFR Fund also participating.

Portfolio Updates

• When (2021 investment) announced the closing of its $4.6m seed round.
• ShipBob (2016), WithMe (2016) and Lemonlight (2022) made the 2024 Inc. 5000.
• Parentaly (2022) published its research on the parental leave experience for women in corporate America, and was covered in Fast Company.
• Shipbob’s Dhruv Saxena won the Outstanding Tech CEO award at the 1817 Momentum Awards.
• WithMe celebrated its 10 year anniversary after being founded by Jonathan Treble in his Chicago apartment.
• XStereotype (2016) announced the launch of a new product partnership with Technicolor Political to optimize ads for the Harris campaign.
• KPI Sense (2021) announced a new Quality of Earnings Readiness Assessment product.

About Network Ventures

Network Ventures is a Midwest-based, seed-stage venture capital firm focused on companies building network effects. Network Ventures typically invests in companies that are raising their first $500k-2.0m and often leads the round. We help companies grow from seed to Series A by providing capital, expertise and access to a broad network of companies and resources. For more information, go to www.networkventures.com.

Invest with Network Ventures

Network Ventures is looking for investors that are passionate about supporting the Midwest startup ecosystem to fuel innovation and change (and make some money along the way). We are building a diverse network of investors that bring not only capital, but their own unique perspectives that can be helpful to our community. Email me or?check out our Syndicate page on AngelList?to learn more.