Investor Profile: Dreamit Ventures - Thesis, Cheque Size & How to Apply

Dreamit Ventures is a Philadelphia-based venture fund and accelerator founded in 2008 that backs early-stage startups with revenue or pilots that are ready to scale. Since its founding, it has partnered with and helped grow more than 320 startups, and its current focus is squarely on two demanding, enterprise-heavy fields: healthtech and securetech.

Thesis

Dreamit Ventures invests in transformative early-stage companies, not ideas still looking for a first customer. Its programme is built around Customer Sprints, in which founders meet dozens of potential customers and partners, and Investor Sprints, in which they pitch leading venture firms, helping startups with revenue or pilots ignite growth and open doors to smart capital.

Sectors & Stages

Dreamit Ventures focuses on healthtech and securetech, including cybersecurity. It primarily works with pre-Series A startups that already show early product-market fit through revenue or pilot programmes. Historically, it also worked with real estate, smart-city and construction startups through urbantech, and operated programmes in Philadelphia, New York, Austin, Baltimore and Tel Aviv. It suits founders selling to hospitals, insurers, enterprises or other large, compliance-conscious buyers.

Fund & Cheque Size

The total size of Dreamit Ventures funds is not publicly disclosed, so no fund total is stated here. Its published programme model does not set out a single standard cheque, so founders should confirm current terms directly with the firm. In March 2022, it announced an expanded partnership with investor Jeff Vinik, including a $12 million investment and Vinik joining as partner and board member. No vendor credit bundle is published in the sources checked.

Notable Portfolio

Dreamit Ventures has invested in more than 320 companies since 2008. Its portfolio includes SeatGeek, LevelUp (acquired by GrubHub), TrendKite (acquired by Cision), Adaptly (acquired by Accenture), Oort (acquired by Cisco), HouseParty (acquired by Epic Games), Wellth, Biomeme, Redox, Eko Devices, Cylera, Elevate, Parsely, MindSnacks and Tissue Analytics (acquired by Net Health).

Partners & Programs

Dreamit Ventures was co-founded by Mike Levinson, David Bookspan and Steve Welch. Its team includes Mel Shakir, partner leading securetech, Darren Sandberg, partner, and Drew Hunt, director for securetech, with Jeff Vinik as partner and board member. Its programmes include Dreamit Health, its Securetech practice, and earlier urbantech work, plus the Customer Sprints and Investor Sprints. Historically, Dreamit Health partnered with Penn Medicine and Independence Blue Cross.

How to apply for funding

Founders apply through Dreamit Ventures on dreamit.com. The strongest application is built around proof: live revenue or a signed pilot, a named enterprise or healthcare buyer, and a clear account of what the next round must achieve. Healthtech founders should explain clinical or procurement hurdles plainly; securetech founders should explain who buys and what a pilot must prove. Confirm current terms on the official site before submitting, as programme terms have changed over time.