Discover if this is a suitable investor for your startup. If they are we'll make a warm introduction for free. Otherwise, we'll connect you with matching investors.
True North Associates is a private equity and venture capital firm established in Nepal. Founded with the mission to enhance the private equity and venture capital landscape in the country, the firm plays a pivotal role in fostering the growth of Nepal's private sector. True North Associates aims to contribute to entrepreneurial development and economic growth by assisting businesses in becoming more structured, marketable, profitable, and sustainable.
Currently, True North Associates operates with a team of dedicated professionals and manages investments across both private and public markets. The firm employs various investment strategies, including growth investing, impact investing, and value investing. Their focus on technology and tech-enabled business models positions them as a key player in the entrepreneurial ecosystem of Nepal.
True North Associates invests across a range of stages, including seed, Series A, Series B, and growth equity. Their investment strategy is sector-agnostic, but they exhibit a strong preference for technology and tech-enabled business models that enhance scalability and defensibility. The firm actively engages with founders and teams early in the process to assess their execution and decision-making capabilities.
Investment vehicles utilized by True North Associates include equity, preferred equity, and credit. Their approach to investing emphasizes growth, impact, and value, allowing them to adapt to various market conditions while supporting businesses that demonstrate potential for significant development. The firm primarily focuses on sectors such as logistics and food-agtech, aligning with their goal of fostering sustainable economic growth in Nepal.
True North Associates has built a notable portfolio that includes several key companies:
These companies reflect True North Associates' commitment to investing in ventures that enhance the private sector's capabilities and contribute to economic development.
Suman Joshi: Founder of True North Associates, Suman has extensive experience in private equity and venture capital, focusing on enhancing the entrepreneurial landscape in Nepal.
Nidhaan Shrestha: Investment Director, Nidhaan leads investment strategies and portfolio management, bringing expertise in growth and impact investing.
Satish Khadka: Investment Officer, Satish is responsible for sourcing and evaluating investment opportunities, with a strong background in financial analysis.
Sujan Shrestha: Finance Officer, Sujan manages financial operations and reporting, ensuring the firm’s financial health and compliance.
Shambhavi Singh: Associate, Shambhavi supports investment analysis and due diligence processes, contributing to the firm’s decision-making.
Diksha Kandel: Legal Counsel, Diksha provides legal guidance on investment transactions and regulatory compliance.
Mandeep Bashistha: Chartered Accountant, Mandeep oversees financial audits and tax compliance, ensuring transparency in financial reporting.
Luja Mathema: ESG Specialist, Luja focuses on environmental, social, and governance factors in investment decisions, aligning with the firm’s commitment to sustainable practices.
To pitch True North Associates, founders should send their proposals to pitch@tna.com.np. It is recommended to include a comprehensive business plan, market analysis, and financial forecasts in the pitch deck. The firm values clarity and detail in presentations.
Response times may vary, but founders can expect feedback within a few weeks. Warm introductions are preferred, as they can enhance the chances of securing a meeting with the investment team.
True North Associates has been actively involved in the entrepreneurial landscape of Nepal. Recently, they highlighted their portfolio company, Foodmandu, which has successfully raised Series B investment, indicating strong market traction.
Additionally, Kathmandu Lanco has recently converted into a public limited company and is preparing for an IPO, showcasing its growth potential and the firm's strategic support in its development.
What are True North Associates' investment criteria?
True North Associates invests in companies across various stages, including seed, Series A, Series B, and growth equity. They prefer technology and tech-enabled business models that demonstrate scalability and defensibility.
How can I pitch to True North Associates?
Founders can pitch their ideas by emailing their proposals to pitch@tna.com.np. It is advisable to include a detailed business plan and financial projections in the pitch.
What makes True North Associates different from other investors?
The firm emphasizes early engagement with founders to assess their execution and decision-making capabilities. This hands-on approach allows them to provide tailored support to portfolio companies.
What is the geographic focus of True North Associates?
True North Associates primarily focuses on investments within Nepal and the broader Asian market, particularly in sectors that contribute to local economic growth.
What types of financial instruments does True North Associates use?
The firm utilizes various financial instruments, including equity, preferred equity, and credit, to support their portfolio companies effectively.
What is the typical check size for investments?
While specific check sizes are not disclosed, True North Associates invests across multiple stages, indicating a flexible approach to funding based on the needs of the business.
All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.