Nelnet, Inc. is a US-based conglomerate with a primary focus on financial services, including student and consumer loan origination and servicing. The company also operates an investing arm that typically participates in seed and Series A funding rounds, with occasional investments in pre-seed, Series B, C, and D stages. Nelnet's investment portfolio spans various sectors, reflecting its broad interest in innovative startups.
Notable portfolio companies include Hudl, which has raised $102.5 million, and CommonBond, with $58.65 million raised. Key decision-makers at Nelnet include Chairman Michael S. Dunlap and CEO Jeff Noordhoek. Nelnet's investment philosophy emphasizes supporting early-stage companies with potential for significant growth. Additionally, the firm offers unique value-add services to its portfolio companies, leveraging its extensive experience in financial services and technology to provide strategic guidance and operational support.
Nelnet - Portfolio Snapshot
Portfolio activity breakdown across disclosed investments and stages
Total Investments35
Current Portfolio Count25
Total Portfolio Exits2
Top Investment Stages
Seed13 (43.3%)
Series A11 (36.7%)
Pre-Seed2 (6.7%)
Series B2 (6.7%)
Series D2 (6.7%)
Stage Mix
Seed 43%Series A 37%Pre-Seed 7%Series B 7%Series D 7%
Concentration shown as share of disclosed investments by stage.
Nelnet - Similar Investment Firms
Navient
navient.com
SLM
salliemae.com
NerdWallet
nerdwallet.com
CommonBond
GradSchoolLoans
Climb Credit
climbcredit.com
LendingClub
lendingclub.com
LendKey Technologies
lendkey.com
Tuition.io
tuition.io
Ascent Funding
ascentfunding.com
LendingTree
lendingtree.com
Lendio
lendio.com
Yelo Funding
National Funding
PayForED
payfored.com
Nelnet - Classification
- Also Known As
- Nelnet, Inc.
- NAICS
- 522200Nondepository Credit Intermediation
- 522290Other Nondepository Credit Intermediation
- 522299International, Secondary Market, and All Other Nondepository Credit Intermediation
- 520000Finance and Insurance
- 522000Credit Intermediation and Related Activities
- SIC
- 6100Nondepository Credit Institutions
- 6140Personal Credit Institutions
- 6141Personal Credit Institutions
- ISIC
- 6492Other credit granting
Show 19 more industry codes
- NAICS
- 522210Credit Card Issuing
- 522220Sales Financing
- 522291Consumer Lending
- 522310Mortgage and Nonmortgage Loan Brokers
- 523000Securities, Commodity Contracts, and Other Financial Investments and Related Activities
- 522300Activities Related to Credit Intermediation
- 523900Other Financial Investment Activities
- 522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
- 523910Miscellaneous Intermediation
- SIC
- 6150Business Credit Institutions
- 6153Short-term Business Credit Institutions, Except Agricultural
- 6160Mortgage Bankers And Brokers
- 6163Loan Brokers
- 5000Wholesale Trade-durable Goods
- 6000Depository Institutions
- 6200Security And Commodity Brokers, Dealers, Exchanges, And Services
- 6280Services Allied With The Exchange Of Securities Or Commodities
- 6282Investment Advice
- ISIC
- 6619Other activities auxiliary to financial service activities