Nick Berardo
Vice President
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- Full Name
- Nick (Nicholas) Berardo
- Title
- Partner (promoted from Vice President / Principal at the end of 2024)
- Firm
- Level Equity (Level Equity Management LLC)
- Firm Type
- Growth equity / lower-middle-market private investment firm (not a traditional angel investor)
- Investment Stage
- Early-to-growth-stage software companies — minority growth capital, majority growth equity/recapitalizations, and structured equity/credit
- Check Size
- Level's Structured Capital line invests roughly $3M–$30M per transaction; growth-equity check sizes are not publicly disclosed
- Target Company Profile
- Capital-efficient, rapidly growing B2B software / technology-enabled businesses, typically with $5M+ of recurring revenue and little institutional capital raised to date, led by experienced founders
- Sector Focus
- B2B software and technology-enabled services, with an emphasis on non-cyclical businesses with growing tech spend and durable models
- Geographic Focus
- North America, Europe & Israel, and Australia & New Zealand
- Location
- New York City, New York
Background
Nick Berardo is a Partner at Level Equity, a New York–based growth equity firm founded in 2009 that focuses on providing long-term capital to rapidly growing software and technology-enabled businesses. The firm manages approximately $6.5B in assets, has made more than 125 investments, and operates two business lines — growth equity and structured capital — supported by an in-house value-creation team called NextLevel Operations. Berardo helps manage the day-to-day responsibilities of Level's growth-stage technology investments. He was promoted to Partner (alongside Chris Isaac) at the end of 2024, one of eight internal promotions the firm made that year.
Before Level, Berardo was an investor at Summit Partners, where he sourced, executed, and managed growth equity investments in software and healthcare businesses. Earlier in his career he worked in the Investment Banking group at Barclays and in Business Development at The RealReal. (Some third-party aggregators also associate him with a stint as a venture investor at FJ Labs.)
He holds an MBA from the Stanford Graduate School of Business and a B.S. from Boston College. According to his firm bio, he grew up in New Jersey and currently lives in New York City with his wife and son.
Investment Thesis & Focus
- Invests in rapid-growth, capital-efficient B2B software and technology-enabled companies that are "transforming and innovating the markets they operate in."
- Targets companies that are early-to-growth-stage with little institutional capital raised to date, typically with $5M+ of recurring revenue, led by experienced founders and management teams.
- Flexible on structure: Level pursues minority growth capital, majority growth equity/recapitalizations, and structured equity/credit solutions designed to minimize dilution — so a founder can take growth capital without necessarily ceding control.
- Sector preference for non-cyclical, durable software business models with growing technology spend; geographies span North America, Europe & Israel, and Australia & New Zealand.
- Structured Capital deals typically run $3M–$30M per transaction.
Notable Investments
- Tripleseat — event-management and sales software for restaurants, hotels, and venues.
- Dash Social (formerly Dash Hudson) — social media marketing and analytics platform for brands.
- Uberall — location marketing / "near me" presence management platform.
- Evaneos — online marketplace connecting travelers with local travel agencies.
- FormAssembly — enterprise web-form and data-collection platform.
- Foxen — insurance-tracking and compliance technology for real estate.
- Groove — sales engagement / productivity platform.
- Powell Software — digital workplace and intranet software built on Microsoft 365.
- Security Journey — application-security and secure-coding training for developers.
- ActiveComply — social media compliance software for financial institutions.
- PSTrax — operations and inventory-check software for fire/EMS departments.
- VivoAquatics — water management and compliance software for aquatic facilities.
- WorkStep and WorkHound — frontline / hourly workforce engagement and retention platforms.
- MobileCause and MomentFeed — nonprofit fundraising and local-marketing software, respectively.
- Charted — data/analytics tooling.
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