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The 1864 Fund is a $10 million seed-stage investment fund based in Las Vegas, Nevada. Founded in 2021, it is affiliated with the StartUpNV accelerator and mentor programs, which enhances its ability to support early-stage companies and founders. The fund's mission is to drive economic development and diversification in the communities it serves.
Since its inception, the 1864 Fund has focused on capital-efficient companies that leverage technology-driven competitive advantages. The fund has made 27 investments, achieving a 3.34x multiple on invested capital (MOIC) and a 30% distributed to paid-in (DPI) ratio, significantly outperforming industry benchmarks. This strong performance underscores the fund's commitment to identifying and nurturing promising startups.
The 1864 Fund invests in seed rounds across various sectors, emphasizing capital-efficient companies that address significant market opportunities. The fund typically leads or participates in seed rounds with investments ranging from $1 million to $2.5 million. It targets ownership stakes of 5-10% depending on deal size and valuation.
Investment decisions are driven by a focus on technology-driven competitive advantages, which the fund believes are essential for long-term success. The 1864 Fund aims to drive opportunistic returns while contributing to economic development and resiliency in the communities it serves. This dual focus on financial performance and community impact distinguishes the fund in the venture capital landscape.
The 1864 Fund has made 27 investments since its inception, showcasing a diverse portfolio of companies across various sectors. The fund's strong performance metrics include a 3.34x multiple on invested capital (MOIC) and a 30% distributed to paid-in (DPI) ratio, which positions it significantly above industry benchmarks.
While specific portfolio companies are not listed in the provided data, the fund's investment strategy emphasizes capital-efficient startups that leverage technology. This approach aligns with the fund's goal of supporting early-stage companies that can drive economic growth and innovation.
Jeff Saling, Managing Partner, has extensive experience in venture capital and startup development, contributing to the fund's strategic direction.
Piotr Tomasik, Partner, brings a background in technology and entrepreneurship, focusing on identifying promising investment opportunities.
Steve Hurst, Partner, has a strong track record in operational management and scaling startups, providing valuable insights to portfolio companies.
Leith Martin, Partner, specializes in market analysis and strategic planning, enhancing the fund's investment decision-making process.
To pitch the 1864 Fund, founders should visit the fund's application page at 1864.fund. It is advisable to include a comprehensive deck that outlines the business model, market opportunity, and competitive advantages. Response times may vary, so founders should be prepared for potential follow-up discussions.
Since its founding in 2021, the 1864 Fund has made significant strides in the venture capital space, achieving a 3.34x multiple on invested capital (MOIC) and a 30% distributed to paid-in (DPI) ratio. These metrics indicate strong performance relative to industry benchmarks.
The fund continues to focus on seed-stage investments, supporting early-stage companies that leverage technology-driven competitive advantages. Its affiliation with the StartUpNV accelerator enhances its ability to provide mentorship and resources to portfolio companies.
What are the investment criteria for the 1864 Fund?
The 1864 Fund focuses on seed-stage investments in capital-efficient companies that leverage technology-driven competitive advantages. The fund typically invests between $1 million and $2.5 million per round.
How can startups apply for funding from the 1864 Fund?
Interested parties can visit the 1864 Fund's application page at 1864.fund to submit their funding applications.
What makes the 1864 Fund different from other venture capital firms?
The 1864 Fund emphasizes economic development and community impact alongside financial returns. Its affiliation with the StartUpNV accelerator provides additional resources and mentorship for portfolio companies.
What is the geographic focus of the 1864 Fund?
The fund primarily invests in North America, targeting startups that can contribute to local economic growth and diversification.
What is the fund size and check size range?
The 1864 Fund has a total fund size of $10 million and typically invests between $1 million and $2.5 million in seed rounds.
What is the post-investment involvement of the 1864 Fund?
The fund is affiliated with the StartUpNV accelerator, which suggests a commitment to providing ongoing support and mentorship to portfolio companies.
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