About this programme
FundNV is a for-profit pre-seed venture capital fund affiliated with StartUpNV, a nonprofit accelerator. It is a separate legal entity from its nonprofit parent, built to invest in the companies StartUpNV works with.
The fund focuses solely on Nevada-based businesses that will grow jobs in the state. Its stated model is to let the venture team spend months to years getting to know founders and their businesses before investing, rather than moving on a single pitch.
Investment decisions run through investment committees made up of exited founders, long-time angel investors, and seasoned venture capitalists.
How it works
FundNV invests $50,000 per company, structured either as a convertible note on set terms or a founder-friendly SAFE at the pre-seed stage.
Limited partners in the fund may also make supplemental 'side car' investments into the same company, using identical terms to FundNV's own investment.
Companies accepted into the AccelerateNV accelerator program receive the FundNV investment as part of that program, along with tools and resources meant to help them raise additional capital afterward.
The investment committee meets six times a year to review eligible companies, hear pitches, and make investment offers. Companies that clear diligence and entry-level goals can expect a term sheet within 12 to 14 weeks.
Who can apply
The company must be Nevada-based.
It must enter the StartUpNV accelerator program (AccelerateNV, or the IncubateNV program as a qualifying pathway), complete due diligence, and meet the program's entry-level goals to be considered for investment.
How to apply
- Pitch your startup through the accelerator registration on the StartUpNV site, or explore IncubateNV as a qualifying pathway.
- Complete due diligence with the FundNV venture team.
- Meet the accelerator's entry-level goals.
- Go before the investment committee, which meets six times a year to hear pitches and make offers.
- If approved, receive a term sheet, typically within 12 to 14 weeks of starting the process.
Frequently asked
How much does FundNV invest?
$50,000 per company, as a convertible note on set terms or a founder-friendly SAFE.
Do I have to join an accelerator to get funded?
Yes. Companies must enter the StartUpNV accelerator (AccelerateNV) or the IncubateNV program, complete due diligence, and meet entry-level goals before FundNV invests.
How long does the process take?
Companies that clear diligence and the entry-level goals can expect a term sheet within 12 to 14 weeks.
How often does the investment committee meet?
Six times a year, to review eligible companies, hear pitches, and make investment offers.
Who sits on the investment committee?
Exited founders, long-time angel investors, and seasoned venture capitalists.
More funding in Nevada
Battle Born Venture
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Nevada APEX Accelerator
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Standard Tax Abatement
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Cuts sales, payroll and property taxes for Nevada businesses that hit wage, investment or job-creation targets and sell mostly out of state.
Reviewed 2026-09-25. Programmes change, so check eligibility, amounts and deadlines on the official page before you apply. CapEasy is a private firm and is not part of any government body.