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NOEMIS Ventures is a venture capital firm based in New York City, founded by Simeon Iheagwam, a former banker with extensive experience in technology and finance. Established to invest in and advise pre-seed and seed-stage startups, the firm has successfully raised a fund size of $26 million. NOEMIS Ventures focuses on sectors such as fintech, AI/ML, and marketplaces, aiming to support innovative startups that are poised for growth and disruption.
The firm has built a portfolio of 30 companies, showcasing its commitment to fostering the NYC startup ecosystem while also exploring international fintech opportunities. NOEMIS Ventures employs a quantitative approach to identify startups with exceptional risk-adjusted returns, utilizing an 8-factor leveraged-finance underwriting framework. This unique methodology allows the firm to apply rigorous quantitative analysis typically reserved for debt finance to early-stage equity investments.
NOEMIS Ventures is actively involved in community-building efforts within the NYC startup scene, providing strategic guidance and resources to its portfolio companies. The firm is positioning itself for future growth, with plans for a second fund expected to close between 2025 and 2026, continuing its focus on the same sectors and investment stages.
NOEMIS Ventures primarily invests in pre-seed and seed-stage startups, concentrating on sectors such as fintech, AI/ML, and marketplaces. The firm seeks to identify high-potential opportunities that demonstrate innovation and the potential for significant market disruption. Investments can reach up to $500,000, allowing the firm to support startups at critical early stages of their development.
The firm employs a unique 8-factor leveraged-finance underwriting framework to evaluate potential investments. This quantitative approach helps NOEMIS Ventures assess risk-adjusted returns effectively, ensuring that they back startups with strong growth prospects. The firm is open to investing in companies regardless of their revenue status at entry, which allows them to support a diverse range of innovative ideas and business models.
Geographically, NOEMIS Ventures focuses on the United States, particularly New York City, while also exploring international fintech opportunities. The firm values founders who demonstrate a clear vision and the ability to execute their business plans, emphasizing the importance of strong leadership in their investment decisions.
NOEMIS Ventures has built a diverse portfolio of 30 companies, showcasing innovation across various sectors. Notable portfolio companies include:
Simeon Iheagwam - Managing Partner. Simeon has a background in investment banking, having worked at J.P. Morgan and Wells Fargo. He brings over a decade of experience in tech and corporate finance to NOEMIS Ventures, focusing on identifying high-potential startups.
Jaisa Gooden - Venture Partner. Jaisa has extensive experience in venture capital and startup advisory, contributing to the firm's investment strategy and portfolio management.
Han Jing - Venture Partner. Han has a strong background in technology and finance, providing valuable insights into the firm's investment decisions and supporting portfolio companies.
To pitch NOEMIS Ventures, startups should visit their contact page at noemisventures.com/contact-us. It is advisable to include a concise overview of the business, market opportunity, and team background in the pitch deck. Founders should also be prepared to discuss their growth strategy and how they plan to achieve their objectives.
Response times may vary, but founders can expect to hear back within a few weeks after submission. Warm introductions are preferred, as they can enhance the likelihood of a favorable review.
In February 2022, NOEMIS Ventures announced the closing of its first fund, which raised $25.8 million. This fund focuses on pre-seed and seed-stage investments in fintech, AI/ML, and marketplaces.
The firm is currently positioning itself for the launch of its second fund, expected to close between 2025 and 2026, continuing its investment strategy in the same sectors.
NOEMIS Ventures has been actively expanding its portfolio, with notable investments in companies such as Petal, Squire, and Burrow, showcasing its commitment to supporting innovative startups.
What are NOEMIS Ventures' investment criteria?
NOEMIS Ventures invests in pre-seed and seed-stage startups primarily in the fintech, AI/ML, and marketplaces sectors. The firm looks for innovative companies that demonstrate strong growth potential and are poised for disruption in their respective industries.
How can startups apply or pitch to NOEMIS Ventures?
Startups can pitch to NOEMIS Ventures through their contact page at noemisventures.com/contact-us. It is recommended to provide a clear overview of the business model, market opportunity, and team background in the pitch.
What makes NOEMIS Ventures different from other venture capital firms?
NOEMIS Ventures employs a unique 8-factor leveraged-finance underwriting framework, which applies quantitative rigor typically used in debt finance to evaluate early-stage equity investments. This approach allows the firm to identify high-potential startups with exceptional risk-adjusted returns.
What is the geographic scope of NOEMIS Ventures' investments?
The firm primarily focuses on the United States, particularly New York City, but is also open to exploring international fintech opportunities.
What is the typical check size for investments?
NOEMIS Ventures typically invests up to $500,000 in pre-seed and seed-stage startups, providing the necessary capital to help these companies grow and scale.
What kind of post-investment involvement does NOEMIS Ventures have?
NOEMIS Ventures adds value to its portfolio companies through strategic guidance, a rigorous underwriting framework, and community-building efforts within the NYC startup ecosystem. The firm actively cultivates relationships and resources to support founders in their growth journeys.
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