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The 1864 Fund is a $10 million seed-stage investment fund based in Las Vegas, Nevada. Founded in 2021, the fund 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 established itself as a significant player in the seed investment space, focusing on capital-efficient companies that leverage technology-driven competitive advantages. The fund's performance metrics, including a 3.34x multiple on invested capital (MOIC) and a 30% distributed to paid-in (DPI) ratio, indicate strong returns relative to industry benchmarks.
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 the deal size and valuation.
Investment decisions are guided by a commitment to technology-driven competitive advantages, which the fund believes are essential for driving opportunistic returns. The 1864 Fund aims to contribute to economic development and diversification, ensuring that its investments not only yield financial returns but also positively impact the communities in which they operate.
The 1864 Fund has made 27 investments since its inception, showcasing a diverse portfolio of companies across various sectors. The fund's strong performance is highlighted by a 3.34x multiple on invested capital (MOIC) and a 30% distributed to paid-in (DPI) ratio, significantly above industry benchmarks.
While specific portfolio companies are not listed in the provided data, the fund's focus on capital-efficient and technology-driven startups positions it well for continued success in the seed-stage investment landscape.
Jeff Saling, Managing Partner, has extensive experience in venture capital and startup mentorship, contributing to the fund's strategic direction.
Piotr Tomasik, Partner, brings a background in technology and investment analysis, focusing on identifying promising startups.
Steve Hurst, Partner, has a strong track record in operational support for early-stage companies, enhancing the fund's value proposition for founders.
Leith Martin, Partner, specializes in economic development and community engagement, aligning the fund's investments with broader societal goals.
Founders can pitch the 1864 Fund through their application page at 1864.fund. It is advisable to include a detailed deck that outlines the business model, market opportunity, and competitive advantages. The fund prefers clear and concise presentations that demonstrate the potential for capital efficiency and technology leverage.
Since its founding in 2021, the 1864 Fund has made significant strides in the seed investment space, achieving a 3.34x multiple on invested capital (MOIC) and a 30% distributed to paid-in (DPI) ratio. These metrics reflect the fund's strong performance relative to industry benchmarks.
As of now, there have been no public announcements regarding new fund raises or exits, but the fund continues to actively seek out promising seed-stage investments across North America.
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 founders apply for funding?
Founders interested in applying for funding can visit the 1864 Fund's application page at 1864.fund. The application process is designed to be straightforward for early-stage companies.
What makes the 1864 Fund different from other investors?
The 1864 Fund's affiliation with the StartUpNV accelerator and its focus on economic development set it apart. The fund aims to drive opportunistic returns while contributing positively to the communities it serves.
What is the geographic focus of the 1864 Fund?
The fund primarily invests in North America, targeting early-stage companies that can benefit from its resources and mentorship programs.
What is the fund size and how many investments have been made?
The 1864 Fund has a total fund size of $10 million and has made 27 investments since its founding in 2021.
What is the expected involvement post-investment?
The fund is affiliated with the StartUpNV accelerator, which suggests a commitment to providing ongoing support and mentorship to portfolio companies beyond the initial investment.
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