The venture fund and growth-focused accelerator accepted the cohort from a field of nearly 2,000 pre-Series A companies
NEW YORK CITY, NY — April 2, 2019 — Dreamit Ventures, an early stage venture fund and growth-focused accelerator, announced its latest batch of startups this week.
Dreamit works with top healthcare, cybersecurity, and urban technology startups, providing access to extensive customer, industry, and investor networks during its 14-week acceleration programs. Dreamit incorporates the intelligence, data, and new relationships gained during acceleration into its venture investment process to build a high-potential, diversified portfolio.
Since 2008, Dreamit has worked with over 320 companies. And over the last six months, the fund has seen over $600m in exits of companies that got their start at Dreamit, including LevelUp (acquired by GrubHub), Trendkite (acquired by Cision), and Adaptly (acquired by Accenture). Other well-known Dreamit startups include SeatGeek, HouseParty, Wellth, Biomeme, Tissue Analytics, Redox, Eko Devices, Raxar, Elevate, Cylera and many others.
Dreamit is uniquely meeting a huge market need at the intersection of companies with customer ready innovative solutions and enterprises in need of these solutions. “We look for founders who have achieved early product-market fit but still need help growing their pipelines more quickly, closing enterprise sales and increasing revenue from growth with existing customers,” stated Dreamit Managing Partner Steve Barsh. “Our team coaches startups on how to drive and close sales, and then we do “Customer Sprints,” giving founders access to a large pipeline of existing Dreamit partner corporate decision makers who are hungry for innovation and new solutions from a curated set of global startups.”
With its focus on customer acquisition acceleration for the companies, Dreamit has seen a sharp increase in post-funding referrals from angel and seed stage investors that want to ensure their portfolio companies can dramatically increase revenue and get their next round closed.
“As Series A round sizes have increased, investors are looking for startups with more revenue and data around customer acquisition, implementation, and ROI. Our broad customer decision maker exposure and pressure testing process give founders an edge going into the fundraising process,” stated Karen Griffith Gryga, Managing Director of Dreamit Investments.
In order to meet the needs of busy startups that are already working with customers and expanding their teams, Dreamit has structured its program to increase startup flexibility. Founders are only required to be with the Dreamit team during a one-week kickoff boot camp, two weeks of intensive business development meetings during multi-city Customer Sprints™ and two weeks of meetings with venture investors during a highly curated bi-coastal Investor Sprint™.
Dreamit’s Spring 2019 cohort features startups from San Francisco, New York City, Boston, Austin, Philadelphia, Chicago, Miami, Denver, DC, Charlotte, Tampa, Madison, and St. Louis.
“We probably would not have applied to a typical accelerator, but the Dreamit program is giving us the flexibility we need to keep growing the company,” stated Ravi Sahu, founder of Strayos. “And we like that the program has a stringent focus on customer acquisition.”
Dreamit Spring 2019 Cohort