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Early Stage Capital for Scalable Nevada Start-ups

An Early Stage Venture Fund for StartUpNV Companies

Investors - Learn MoreFounders - Learn More

Incubating Scalable Nevada StartUps Since 2017

Our state-wide incubation and mentor program is unrivaled in one of the fastest growing economies in the US. Our weekly private sector and university pitch days attract the brightest talent in Nevada. StartupNV attracts the most founders and the best startups in Nevada.

Founders

Learn more about raising money and attracting mentors for your company

Investors

For Accredited Investors seeking lower risk and higher returns in an early stage fund.

University | Government

For those seeking economic opportunities in private + public partnerships

Making an Impact in Nevada and the World

Portfolio companies have a months-long track record of performance working with StartUpNV prior to being considered for an investment. All companies must meet or exceed established goals and garner the endorsement of their mentors.

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 Feb-2019.

Pitches

StartUp Members

Companies Funded

Capital Raised ($M)

Learn More

If you want to learn more about how our fund works, please fill out the form below.  Our philosophy is to put as much capital to work as possible, minimizing fund expenses and early stage risks. Some basic facts are noted below. For other general questions, please see our FAQ.

 

  • Low Management fees @ 1%
  • Low Carried interest is 5%
  • High Success – Invests in startups exceeding goals over 90+ days

Featured StartUpNV Companies

The companies below are members of StartUpNV – and are featured as examples of the types of companies in the program. None of these companies, their founders, StartUpNV, nor FundNV are soliciting investments in the fund or in these companies.

evidence-based veterinary point-of-care

Complex Schedules, Simply – in Seconds

   

Subscription Underwear for Women of all Shapes & Sizes

FundNV Invests

In known founders w/ momentum and proof.

  • multi-month proof: meet / exceed goals
  • up to $50k: 1 or more tranches
  • 2 yr note: 8% interest | 20% Discount | pre-money cap
  • non-negotiable terms = low doc costs

Investment Committee

A three-person investment committee (IC) is responsible for investment decisions. To qualify for funding, there must be a unanimous decision among the IC. Per FundNV bylaws, the IC must run a minimum of four pitch / investment cycles per year. Ideally, we will run 10 investment cycles per calendar year with decisions made on a monthly cycle (excluding August and December).  COVID-19 restrictions and fallout will slow our pace in 2020, with the target to be fully back on pace by 2021.

Investment committee members are appointed to off-set two-year terms by the StartupNV board.

Documentation for investments, LLC formation, SPV’s and other administrative activities are conducted by our administrative partner, Assure. FundNV charges a 1% management fee and low carried interest of 5% paid to StartUpNV for general administration and pipeline management. There are two open positions for the 2021 investment committee. See the Investor Deck for more information

Stephen Hurst

Stephen Hurst

IC Chairperson

 

Bill Slikkerveer

Bill Slikkerveer

FundNV Org Committee

 

You Here?

You Here?

IC Member | FundNV

 

Founders say

“The Mentors are awesome. The feedback and experience is direct and relevant. StartUpNV and FundNV are really needed for startups like ours”

Alvin Tanpoco

CEO | Founder, FS 2.0 | CryptoClosings

“Lots of relevant support when needed for female founders. StartUpNV helped us make necessary introductions within the Nevada community as we prepared for and successfully raised capital, and was a good sounding board as we strategized on our raise and investor outreach”

Julie Arsenault

CEO | Founder, Panty Drop

Share Pricing & Timing

Informational Only – Not a Solicitation to Invest

FundNV is formed as a Nevada LLC, open only to accredited investors (no Nevada residency requirement) and is administered via a Assure.co ‘s  “Glassboard” platform and Silicon Valley Bank. Minimum LP (member) investment is $10,000 for 2 fund units. Additional units are $5k each. Commitments are made via email or verbally, then documented in the Glassboard platform prior to investment.

Investors will be asked to sign a standard Assure.co administered investor agreement and fund 50% of their committed amount. The balance of the investment commitment will be called when 50% of the initial funding amount is invested (estimated to be in early 2021).

Fund minimum is $500,000 and will close to additional investors on March 31, 2021 or when $1 million (fund maximum) is committed, whichever comes first. Prices noted below are noted in 000’s of dollars.

See the Investor Deck for more information

Contact Us

450 Sinclair St, Reno, NV 89501

300 s. 4th St., #180, Las Vegas, NV 89101

+1.775.393.9701

info@startupnv.org

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