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NKM Capital is a venture capital firm based in San Francisco, founded in 2013 by Nurzhas Makishev. The firm focuses on investing in technology companies at the earliest stages, including pre-seed and seed rounds. NKM Capital operates with a thesis-driven investment strategy, emphasizing sectors that are poised for disruption and innovation.
As of now, NKM Capital manages a portfolio of approximately 45 companies, showcasing a diverse range of investments primarily in North America. The firm has achieved notable milestones, including investments in five unicorns and participation in five IPOs. NKM Capital has also established an AngelList syndicate to broaden its investment reach.
In addition to its San Francisco headquarters, NKM Capital has a presence in New York, indicating a potential dual operational base. The firm has raised over $15 billion in follow-on capital for its portfolio companies, reflecting its strong track record in the venture capital space.
NKM Capital invests in sectors related to AI, fintech, space-tech, and decentralization, with a particular emphasis on deep tech and financial services. The firm targets early-stage investments, specifically in pre-seed, seed, and seed-plus rounds. Their investment strategy is deeply rooted in a thesis-driven approach, focusing on companies that are innovating in networks and infrastructures.
The firm seeks to identify and support startups that have the potential to disrupt traditional markets and create significant value. NKM Capital values founders who demonstrate a clear vision and the ability to execute their ideas effectively. The firm is known for its strategic guidance and access to a network of industry contacts, which are crucial for navigating the challenges of early-stage growth.
NKM Capital's portfolio includes a range of notable companies that exemplify its investment strategy:
This diverse portfolio highlights NKM Capital's commitment to investing in technology companies that are shaping the future across various sectors.
Nurzhas Makishev — Founder and key decision maker at NKM Capital. He has a background in technology investments and has led numerous successful deals in the venture capital space.
The firm operates with a small team of approximately five people, including two partners, although additional names are not publicly disclosed. This lean structure allows for focused decision-making and personalized support for portfolio companies.
To pitch NKM Capital, founders should use the contact information provided on their website. A well-structured pitch deck is essential, including details about the business model, market opportunity, and team qualifications. NKM Capital prefers to receive pitches via email at info@nkmcap.com.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are beneficial but not strictly necessary.
As of March 2026, NKM Capital has maintained an active presence in the venture capital ecosystem, with a portfolio that includes notable companies such as Robinhood, Lyft, and Cruise. The firm continues to emphasize its commitment to sectors that drive technological innovation and decentralization.
Recent reports indicate that NKM Capital has participated in several funding rounds for emerging technology companies, further solidifying its reputation as a key player in early-stage investments.
What are NKM Capital's investment criteria?
NKM Capital focuses on early-stage technology companies, particularly in sectors such as AI, fintech, and space-tech. The firm looks for startups that demonstrate a strong thesis and potential for disruption in their respective markets.
How can I apply or pitch to NKM Capital?
Founders can pitch to NKM Capital through their website at nkmcap.com. It is advisable to include a clear business plan and details about the team and market opportunity in the pitch deck.
What makes NKM Capital different from other venture firms?
NKM Capital employs a thesis-driven investment approach, focusing on sectors related to decentralization and infrastructure. This strategy allows them to identify high-potential startups early in their development.
What is NKM Capital's geographic scope?
The firm primarily invests in North America, with a focus on technology companies based in the United States.
What is NKM Capital's post-investment involvement like?
NKM Capital provides strategic guidance and access to a network of industry contacts to its portfolio companies. The firm actively supports its startups in navigating early-stage growth challenges.
What is the typical check size for investments?
NKM Capital invests in pre-seed and seed rounds, with check sizes varying based on the specific needs of the startup and the stage of investment.
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