FundNV is a for-profit, pre-seed venture capital fund based in Reno and Las Vegas, Nevada. It serves as the primary investment vehicle for startups graduating from the StartUpNV accelerator, Nevada’s statewide incubator.
Pre-Seed & Early Revenue: FundNV targets early-stage startups that have typically demonstrated 1–2 quarters of consistent goal attainment.
Early Traction Required: The fund prefers companies with an MVP or beta version already in use, focusing on "early revenue" startups generating between $5,000 and $25,000 in monthly sales.
Eligibility
Geography: Startups must be based in Nevada or willing to relocate to the state.
Sectors: Strong preference for B2B and enterprise solutions that are capital-efficient. It generally does not invest in consumer-facing goods or services.
Exclusions: FundNV does not invest in "concept stage" ventures or super capital-intensive businesses.
Process
StartUpNV Membership: To be considered for funding, companies must first join the StartUpNV accelerator. FundNV does not invest in non-affiliated companies.
Engagement: Startups undergo a 13–39 week non-cohort-based program focused on building artifacts and executing go-to-market plans.
Investment Committee: Eligible companies pitch to an investment committee that meets six times per year.
What an Applicant can Obtain
Direct Capital: Access to standardized pre-seed investment checks.
State-Matched Funding: Investments are eligible for a 1:1 match from the State of Nevada's SSBCI program (U.S. Treasury Department), effectively doubling the initial check size.
Mentorship & Resources: Access to over 300 mentors and structured coaching to reach $100k+ Monthly Recurring Revenue (MRR) within 18 months.
Welcome to Spark XYZ
Applications for FundNV are open. We'll get you started after you sign up.
