Early Stage Capital for Scalable Nevada Start-ups
Investing in Scalable Nevada StartUps Since 2021
FundNV works with StartUpNV, Nevada’s state-wide accelerator, where all portfolio companies spend a minimum of 13 weeks. Our intrastate fund is organized under the first in the nation “Nevada Certified Investor” laws (see FAQ for details). Our fortnightly pitch days attract the brightest talent in Nevada. Investments made by FundNV are matched (1:1) by the State of Nevada’s SSBCI program. StartupNV attracts the most founders and the best startups in Nevada – or that are moving to Nevada.
Founders
Investors
Nevada Certified Investors seek lower risk and higher returns in early stage startups.
University | Government
Making an Impact in Nevada and the World
Portfolio companies must have deployed a solution in market with some sales to be considered for investment. All companies offered investment must join AccelerateNV (StartUpNV’s accelerator program) in order to receive and investment and the State of Nevada matching SSBCI investment. Companies must apply via the StartUpNV accelerator with their deck, market sizing, and business model accepted for presentation to investors and the startup community.
Consistently Robust Deal Pipeline
Through our affiliation with StartUpNV, FundNV sees the most consistent pipeline of scalable, early stage startup opportunities within the state of Nevada. Our pipeline of start-up companies, founders, and mentors in both the private and university sectors is the most robust in Nevada. Here’s what StartUpNV has seen from Q3-2017 opening thru Q2-2023.
Pitches
$M Invested Directly
Funding Transactions
$M Total Raised by Companies
Learn More
FundNV operates under the Nevada Certified Investor (NCI) rule (AB-75 in the 2023 legislative session). If you want to learn more about NCI and how our fund works, please register below. Our philosophy is to put as much Nevada based capital to work in Nevada based startups as possible, minimizing fund expenses and early stage risks. FundNV.
- FundNV Fees are industry standard 2/20
- Wide deal funnel investing in 1:428 ratio
- Deep Due Diligence on technology and market
Featured Companies
The companies below are examples of investments made by FundNV and our affiliated investor network since 2021. FundNV invests under the Nevada Certified Investor (NCI)rule. You must be a NCI or an accredited investor resident in Nevada to invest in FundNV.
SaaS solution providing cinematic quality, AI-powered tools for filmmakers, entertainment companies and distributors
SaaS based solution for Real-time Asset Tracking both indoors and outdoors for business and military applications
Saas Based solution to turn Surgical Schedules Into a Powerful Coordination and Communication Tool
FundNV Invests
In known founders w/ momentum and proof.
- multi-month proof: meet / exceed goals
- $50k investment + SPV syndication + SSBCI Match
- SAFE and priced, preferred round lead investor
- Best deal flow in Nevada
- open to active and passive Nevada Certified Investors
Investment Committee
A five-person investment committee (IC) is responsible for investment decisions. To qualify for funding, there must be a unanimous decision among the IC. FundNV runs 24 pitch cycles per calendar year (48 companies) with decisions made on a fortnightly cycle. On average 15 companies apply to pitch for each company that pitches and we average 5 investments per year, meaning we see 144 Nevada companies for each investment made.
Documentation for investments, LLC formation, SPV’s and other administrative activities are are administered in our own back office to maintain control and keep fund administrative costs low. FundNV charges a 2% management fee and carried interest of 20% with administrative fees and profits shared with StartUpNV for general administration and pipeline management. Register to request the investor Deck, learn about the Nevada Certified Investor law, and receive more information
Stephen Hurst
Investment Committee Member
Bill Slikkerveer
Investment Committee Member
Jeff Saling
Investment Committee Member
Founders say
“Jeff, Steve and the funding team has been a pleasure to work with through 3 rounds of funding for Flawless AI in our earliest days.”
“Through FundNV and StartUpNV we received the capital we needed, but also additional mentor resources, exposure to economic development tools, and connections to additional funding sources”
Share Pricing & Timing
Informational Only – Not a Solicitation to Invest
FundNV is formed as a Nevada series LLC, open only to Nevada Certified Investors (Nevada residency is required) and federally accredited investors. FundNV is administered in our back office with assitance from StartUpNV. Minimum LP (member) investment is $10,000 for 2 fund units. Additional units are $5k each. Non-binding interest is expressed by registration. Legal signatures and funding happens once the fund reaches 33% committed.
Investors will be asked to fund 50% of their committed amount on the first capital call. The balance of the investment commitment will be called when 50% of the initial funding amount is invested (estimated to be in late 2025).
Fund target is $2M minimum is $1M and will close to additional investors when the fund target is committed in writing. Prices noted below are noted in 000’s of dollars.
Register to request the investor deck and for more information
Limited Partner
Minimum Investment- Limited Partner | Accredited Investors Only | Self Accreditation
Additional Units
up to 15 per LP- Limited Partner | Additional Units | $5k per additional unit
Foundation LP
Foundational Investor- Foundation Limited Partner | IC Committee Participation | Limit of 3 Foundation LP’s
Contact Us
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