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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 aims to foster the growth of Nepal's private sector. True North Associates contributes to entrepreneurial development and economic growth by assisting businesses in becoming more structured, marketable, profitable, and sustainable.
The firm currently operates with a team of eight professionals and focuses on investments across both private and public markets. True North Associates employs various investment strategies, including growth investing, impact investing, and value investing. Their approach is sector-agnostic, although they show a preference for technology and tech-enabled business models that enhance scalability and defensibility.
True North Associates has made significant strides in the entrepreneurial landscape of Nepal, actively engaging with founders and teams to assess their execution and decision-making capabilities. The firm is headquartered in Nepal and has established itself as a key player in the region's investment community.
True North Associates invests across a range of stages, including seed, Series A, Series B, and growth equity. Their investment strategies encompass growth investing, impact investing, and value investing, allowing them to adapt to various market conditions and opportunities. The firm has a practical preference for technology and tech-enabled business models that enhance opportunities, capability, defensibility, and scalability.
Geographically, True North Associates focuses on the Asian market, particularly Nepal, where they aim to contribute to the growth of the private sector. They engage early with founders to evaluate their execution and decision-making capabilities, which is a critical aspect of their investment process. The firm utilizes various financial instruments, including equity, preferred equity, and credit, to structure their investments effectively.
True North Associates seeks to partner with entrepreneurs who demonstrate strong potential for growth and innovation. Their sector-agnostic approach allows them to explore diverse opportunities, although they particularly favor sectors such as logistics and food-agtech.
True North Associates has built a notable portfolio of companies that reflect its investment strategy and focus areas. Key portfolio companies include:
These companies exemplify True North Associates' commitment to investing in scalable and impactful business models within the logistics and food-agtech sectors.
Suman Joshi: Founder of True North Associates, Suman has extensive experience in private equity and venture capital, focusing on fostering growth in Nepal's private sector.
Nidhaan Shrestha: Investment Director, Nidhaan has a background in finance and investment management, leading various successful investment initiatives.
Satish Khadka: Investment Officer, Satish specializes in evaluating investment opportunities and supporting portfolio companies in their growth strategies.
Sujan Shrestha: Finance Officer, Sujan manages financial operations and reporting, ensuring the firm's financial health and compliance.
Shambhavi Singh: Associate, Shambhavi supports the investment team in due diligence and market analysis.
Diksha Kandel: Legal Counsel, Diksha provides legal guidance and support for investment transactions and compliance matters.
Mandeep Bashistha: Chartered Accountant, Mandeep oversees financial audits and ensures adherence to accounting standards.
Luja Mathema: ESG Specialist, Luja focuses on environmental, social, and governance factors in investment decisions, aligning with impact investing principles.
To pitch to True North Associates, founders should send their proposals to pitch@tna.com.np. It is recommended to include a comprehensive pitch deck that outlines the business model, market opportunity, financial projections, and team background. The firm values clarity and detail in the pitch materials.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are preferred, as they can facilitate a more favorable review process.
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 is preparing for an IPO, marking a significant milestone for the firm and its investment strategy. These developments reflect True North Associates' commitment to supporting scalable and impactful business models in the region.
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 focus on technology and tech-enabled business models that demonstrate scalability and defensibility.
How can I apply or pitch to True North Associates?
Founders can pitch their ideas by sending an email to pitch@tna.com.np. It is advisable to include a detailed business plan and financial projections in the pitch deck.
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 their portfolio companies.
What is the geographic scope of True North Associates' investments?
True North Associates primarily focuses on the Asian market, with a strong emphasis on Nepal. They aim to contribute to the growth of the private sector in the region.
What is the typical check size for investments?
While specific check sizes are not disclosed, True North Associates invests across various stages, indicating flexibility in their funding approach based on the needs of the business.
What kind of post-investment involvement can founders expect?
True North Associates engages actively with their portfolio companies, providing support in areas such as strategic planning, operational efficiency, and market positioning to help them achieve their growth objectives.
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