Fundraising Fox

Nelnet

Corporate VC

Lincoln · Seed–Series A · 17 people tracked

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Investment thesis

Nelnet invests in high-growth, tech-scalable companies that have moved beyond the MVP stage with established revenue and proven customer willingness to pay. It looks for original, defensible products solving real problems, strong communicative founding teams, and demonstrated traction with clear KPIs. The firm targets a range of markets including fintech, edtech, future of work, renewable energy and climate technology, and agtech. Nelnet is an active collaborator in the Midwest startup ecosystem, working closely with the Nebraska Angels, Invest Nebraska, and gener8tor, and has invested in over 100 companies with nearly 25 positive exits.

Source: firm website, verified Aug 2, 2026.

Stage
Seed–Series A
HQ
Lincoln, US
Instruments
Equity
Founded
2006
Tracked investments
5

Team · 17 people

from the firm's website
Michael S. Dunlap· Executive Chairman of the Board

Co-founded the predecessor of Nelnet with Stephen Butterfield in 1996 and previously served as Chairman and CEO. Holds undergraduate and law degrees from the University of Nebraska–Lincoln and serves on numerous other boards.

Charles Norris· Head of Angel/VC Investing

Chuck Norris has worked at Nelnet for over 30 years, leading its angel and VC investing activities and helping with innovation efforts. He helped start Infovisa and Nelnet Capital, has been part of the Nebraska Angels since 2006, and previously worked at Merrill Lynch and Wilshire Associates. He holds a B.S. from the University of Nebraska-Lincoln and is a CFA.

Brian· Director of Innovation

Brian is Director of Innovation at Nelnet and founder of InsideOutside.io. With over 25 years helping entrepreneurs and enterprises navigate change, he previously founded the NMotion accelerator, was CMO at Nanonation, head of research at Ion Global, and a senior consultant for Gartner in Asia.

David Graff· Director

Board member since 2014 and CEO of Agile Sports Technologies (Hudl), a Lincoln-based video analysis software company. Named to Inc.'s 30 Under 30 and Fast Company's Most Creative People.

DeeAnn Wenger· President, Nelnet Business Services

Leads Nelnet Business Services, developing payment technology and learning management solutions for schools and businesses. Joined in 2012 and became President in 2014 after a career in corporate and private banking.

Emily Olinger· Chief People Services Officer

Joined Nelnet in 2024 as Chief People Services Officer after serving as Chief People Officer at Monolith and Spreetail. Focuses on associate engagement, leadership development, and organizational culture.

Jeffrey R. Noordhoek· Chief Executive Officer

CEO of Nelnet, leading corporate strategy and financial performance and directly overseeing the Nelnet Diversified Solutions loan servicing division. Previously served as President of Nelnet and in roles at predecessor companies and State Street Capital Corporation.

Jim Kruger· Chief Financial Officer

CFO responsible for student loan asset generation, corporate accounting, financial reporting, M&A, and the Innovation Hub. Was the company's Controller from 1998 to 2013 and previously worked at KPMG Peat Marwick and NEBHELP.

Joe Popevis· President and Executive Director, Nelnet Diversified Services

Leads Nelnet Diversified Services, providing strategic direction for servicing operations and technology across education loans, consumer lending, and Canadian student lending.

Jona Van Deun· Director

Board member with a background in public affairs, formerly VP at the U.S. Chamber of Commerce and President of the Nebraska Tech Collaborative. Currently managing partner at Prairie Coast Strategies.

Kathleen A. Farrell· Director

Board member since 2007 and a finance professor and Dean of the College of Business Administration at the University of Nebraska–Lincoln. Also serves on the boards of Assurity and Bryan Health.

Kimberly Rath· Director

Board member since 2007 and Co-Founder and Co-Chairperson of Talent Plus, a global HR consulting firm. Recognized leader in executive development and a best-selling author.

Matthew Dunlap· President, Nelnet Financial Services; Chief Business Development Officer

Chief Business Development Officer and board member since 2022, contributing to internal audit, capital markets, and legal counsel. Previously an associate at investment banking firm GVC Capital.

Preeta Bansal· Director

Board member since 2018 with extensive experience in law, banking, government, and diplomacy, including roles as OMB general counsel, HSBC global general counsel, and Solicitor General of New York.

Terry J. Heimes· Chief Operating Officer

COO overseeing Nelnet's shared services and its Asset Generation and Management segment. Formerly CFO and previously worked at KPMG in Lincoln, Nebraska.

Thomas E. Henning· Director

Board member since 2003 and President and CEO of Assurity Group and Assurity Life Insurance. Holds CLU and CFA designations and serves on several banking and finance boards.

William J. Munn· Secretary and General Counsel

General Counsel and Secretary who joined Nelnet through its 2000 merger with UNIPAC Service Corporation. Oversees legal, risk management, security, compliance, and information governance.

Investments · 5 tracked

founders shown can be your intro path
ALLO Fiber

Provider of Gigabit fiberoptic technologies connecting communities across the Midwest since 2003.

CompanyCam

Photo documentation platform helping contractors build trust with crews and customers; a leading Midwest construction tech company.

Flywheel

All-in-one WordPress hosting solution for designers and agency partners, now partnered with WP Engine.

Hudl

Video and data platform used by over 230,000 teams across 40 sports to capture, analyze, and learn from performance footage.

Maptician

End-to-end platform helping organizations build and manage a hybrid workplace.

Frequently asked questions

What stage does Nelnet invest at?
Nelnet invests at the Seed, Series A stages.
What sectors does Nelnet focus on?
Nelnet focuses on AgTech, Cleantech, Climate Tech, Crypto & Web3, EdTech, Energy, Fintech, Future of Work.
Where is Nelnet located?
Nelnet is headquartered in Lincoln, US.

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