FundNV

FundNV is a venture capital firm established in 2019, with its operations based in Reno, Nevada. The firm focuses on early-stage pre-seed investments, primarily targeting companies that are members of the StartUpNV incubator and have demonstrated progress toward specific growth objectives over a minimum period of 180 days. FundNV typically makes 8 to 10 investments each year, providing funding in $50,000 tranches, with the potential for additional syndicated amounts up to $150,000. The firm employs non-negotiable standard terms, utilizing series seed term sheets and convertible notes that feature a 10% interest rate, a 20% discount for priced rounds, and caps of $2 million or less. FundNV aims to support and foster the growth of innovative early-stage companies within the United States, particularly in Nevada.