Founded in early 2019, the Reno Seed Fund is Nevada’s most active angel fund, with the goal of driving innovation, creating jobs, and building wealth in Northern Nevada and the Mountain West states.


We believe in a rigorous due diligence process for all of our investments and consider companies across a broad selection of industries that include Software as a Service (SaaS), healthcare, medical devices, physical AI and advanced manufacturing. We're looking for technology companies that can scale.


We take an active advisory role alongside our portfolio companies including board positions.

Reno Seed Fund by the Numbers

  • Investments range from $50K to $250K. Our Fund invests first, with our LPs co-investing alongside.
  • Our investment is doubled by a matching investment from the state of Nevada.
  • 50% of our fund is earmarked for companies with significant presence in Northern Nevada.
  • We typically invest in post-revenue or near-revenue companies with valuations between $2M-$10M.

Our Investment Criteria

Must-haves

  • Post-revenue or near-revenue business.
  • Pre-money valuation under $20M (targeting $2M to $10M).
  • Rapidly scalable business with a believable 5-year plan to $10M+ in annual recurring revenue.


Nice-to-haves

  • A significant operating presence in Northern Nevada (i.e., headquarters or major division) - this is a must-have if we are leading the round
  • Multiple-founder team
  • Unique and defensible IP and Moat

Our Process

We try to vary our approach according to the timelines and individual needs of the startup, but a typical process looks like this:

  1. Submission (Fill out intake form under Apply): Your submission will be reviewed within two weeks.
  2. Screening: If we feel there might be a match, we’ll schedule an introductory zoom meeting
  3. Learning: If the intro goes well we’ll ask you to pitch on a recorded zoom session - 15 minutes for the pitch, 15 for Q&A. After the pitch the screening committee reviews all pitches - if approved the deal is passed to Due Diligence.
  4. Due Diligence: Our Due Diligence process varies in length depending on the investment, from one month to 3-4 months.
  5. Final Decision: The Investment Committee holds a final vote to fund the deal.