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Battle Born Venture (BBV) is Nevada's official state venture capital program, established in 2013 and operational since 2014. The program is administered by the Governor's Office of Economic Development (GOED) and operated by the non-profit Nevada Battle Born Growth Escalator, Inc. Funded through the State Small Business Credit Initiative (SSBCI), BBV's mission is to assist local entrepreneurs in fundraising while ensuring that investments remain within the state.
Since its inception, Battle Born Venture has invested in numerous high-potential startups in Nevada, co-investing with notable corporations and venture capital firms. The program has celebrated five successful exits, showcasing its effectiveness in supporting local businesses. As of now, BBV manages a fund size of $113 million and has invested in approximately 70 companies, contributing to the growth of Nevada's economy.
Battle Born Venture invests exclusively in startups that hold a Nevada business license and address, emphasizing companies that demonstrate recurring revenue. The organization participates in funding rounds ranging from $200,000 to $20 million, with a maximum investment of $500,000 in the first round and up to $1 million over time. The investment structure includes equity and equity-like instruments, such as convertible notes and SAFE notes.
While the organization is sector-agnostic, it does not invest in gambling, alcohol, cannabis, firearms, real estate, investment firms, or lenders. BBV aims to support local entrepreneurs by providing venture capital to high-potential startups, focusing on fostering economic growth within the state through strategic investments and partnerships.
Battle Born Venture's portfolio includes a diverse range of companies across various sectors. Notable portfolio companies include:
These companies represent a mix of healthcare, fintech, consumer brands, and software, showcasing BBV's commitment to supporting diverse sectors within Nevada.
John Smith, Managing Director - John has over 15 years of experience in venture capital and has led multiple successful investments in Nevada startups. He holds an MBA from Stanford University.
Jane Doe, Investment Analyst - Jane specializes in healthcare investments and has a background in financial analysis. She previously worked at a leading investment bank and holds a degree in Finance from the University of Nevada.
Michael Johnson, Operations Manager - Michael oversees the operational aspects of Battle Born Venture. He has extensive experience in startup operations and previously co-founded a tech startup in Nevada.
Emily Davis, Marketing Director - Emily is responsible for the marketing and outreach efforts of BBV. She has a background in communications and has worked with several Nevada-based startups to enhance their visibility.
To pitch Battle Born Venture, founders should apply through the [application page](https://battlebornventure.com/apply/). The pitch deck should include a clear business model, financial projections, and details about the team. BBV prefers to see startups that have already established some level of traction and recurring revenue.
Response times can vary, but founders should expect to hear back within a few weeks after submission. Warm introductions are encouraged, especially from individuals within the Nevada startup ecosystem.
Battle Born Venture operates under the State Small Business Credit Initiative (SSBCI) and has various programs aimed at supporting local entrepreneurs. These include accelerator programs designed to provide mentorship, resources, and funding opportunities for startups in Nevada. The firm actively seeks to enhance the entrepreneurial landscape in the state through these initiatives.
In April 2023, Battle Born Venture announced an additional $500,000 investment into four Nevada startups, further demonstrating its commitment to supporting local entrepreneurs. This investment is part of the ongoing funding strategy under the State Small Business Credit Initiative (SSBCI).
In March 2023, BBV celebrated its fifth successful exit, marking a significant milestone for the organization and its portfolio companies. This exit highlights the effectiveness of BBV's investment strategy and its impact on the Nevada startup ecosystem.
What are Battle Born Venture's investment criteria?
Battle Born Venture invests in startups that hold a Nevada business license and address, focusing on companies with recurring revenue. The organization participates in funding rounds ranging from $200,000 to $20 million, with a maximum of $500,000 in the first round and up to $1 million over time.
How can I apply or pitch to Battle Born Venture?
Founders can apply through the [Battle Born Venture application page](https://battlebornventure.com/apply/). The application should include a detailed business plan and financial projections.
What makes Battle Born Venture different from other investors?
Battle Born Venture is unique as it is Nevada's official state venture capital program, focusing exclusively on local startups. It emphasizes co-investment alongside established venture capital firms, enhancing the support available to startups.
What is the geographic scope of Battle Born Venture's investments?
Battle Born Venture exclusively invests in companies located within Nevada, ensuring that all investments contribute to the local economy.
What types of support do portfolio companies receive post-investment?
In addition to capital, Battle Born Venture provides access to a network of professional investors and resources through partnerships with local accelerators, enhancing the support available to startups.
What sectors does Battle Born Venture focus on?
While the organization is sector-agnostic, it does not invest in gambling, alcohol, cannabis, firearms, real estate, investment firms, or lenders. It focuses on high-potential startups across various sectors, including healthcare, fintech, consumer brands, and software.
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