For Immediate Release: Members Development Company (MDC) and Next Level Ventures, LLC Announce $150 Million Venture Capital Fintech Fund to Innovate How People Connect with Their Money
(Des Moines, Iowa) — Today, Members Development Company (MDC) and Next Level Ventures announced the launch of Curql Fund I (Curql). The $150M venture capital fund was created to invest in the innovations of fintech entrepreneurs to develop world-class technology solutions for the credit union space. The move is intended to position credit unions as a leader in delivering 1:1 connections to money through technology. With investments from member-owned, not-for-profit credit unions across the U.S., Curql provides a collaborative approach to venture capital and will move from fundraising to funding in Q2 2021.
Curql is a collaborative approach to venture capital launched in 2020 by the progressive, industry-leading credit unions of Members Development Company (MDC), and is steered by an MDC collective of former leaders and disruptors in the VC space. The group’s flagship – Curql Fund I – invests in the visions of entrepreneurs who thoughtfully and purposefully bridge financial services technology with 1:1 personalized connections to revolutionize and innovate how people engage with their money.
Curql Fund I is managed by Next Level Ventures, the largest investment firm managing credit union assets today. The Next Level team has over 50 years of collective experience in supporting the remarkable people leading the way in innovative technology development.