Nevada's State Venture Capital Program

We make equity investments in early stage, high growth Nevadan enterprises.

Who We Are

Battle Born is an evergreen venture capital program, overseen by the Nevada Governor’s Office of Economic Development (GOED) under the auspices of the US Treasury’s State Small Business Credit Initiative (SSBCI).

 

Our Mandate

Battle Born’s mandate is to invest in the highest return prospects, those that have the potential to provide at least a 15% IRR to the program.

 

What We Look For

We prioritize companies whose high-growth products and services have an enduring sustainable advantage over competitors, that have traction with customers, and that have teams with a proven track record in their industry.

 

For Co-Investors

Part of Battle Born’s mandate is to encourage a flourishing venture capital community in Nevada.

 

 

What We Fund

Battle Born invests in early stage Nevadan enterprises in the following sectors:

 

Aerospace & Defense
Agriculture
Sector
Energy
Sector
Healthcare Sector
Information
Technology
Logistics &
Operations
Manufacturing
Sector
Mining
Sector
Tourism &
Gaming
Water
Sector
 

Our Portfolio

How to Apply

We accept applications through the Gust platform, and follow an investment process that’s typical for institutional investors.

 

1

APPLY VIA GUST
We accept applications through the
Gust platform; you can choose whether to make your profile public or keep it private. Please note that we do not discuss potential applications with startups ahead of time; it’s not fair to those who have devoted their time to putting together an application.

 

4

FINAL INVESTMENT COMMITTEE MEETING
After reviewing the due diligence pack and asking follow up questions, the investment committee makes the recommendation as to whether to invest in a startup. The ultimate investment decision is made by GOED.

 

2

INITIAL INVESTMENT COMMITTEE MEETING
The initial investment committee meeting is to screen for applications that don’t meet our mandate, for example, if a startup is pre-revenue. As we receive a large number of applications, the investment committee usually prioritizes the startups on which it would like to see due diligence based on the criteria outlined in
our mandate.

 

5

DOCUMENTATION
We will work with your Counsel and the Attorney General’s Office (which represents the Battle Born program) to put legal documentation in place. As part of this process, we’ll run background checks on key team members.

 

3

DUE DILIGENCE
Our due diligence process is in line with that of most institutional investors, and covers all details of a startup, from the team’s credentials to discussions with clients, customers and other investors. Typically, this is a 6-8 week process, so we encourage you to apply well ahead of your funding need.

 

6

CASH CALL
Finally, a cash call will be ordered by GOED and will be executed by the program’s custodian.

 
 
 
Media Inquiries

For media inquiries, please contact Greg Bortolin of GOED at grbortolin@diversifynevada.com.

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Contact Us

Please use the form below to contact the Battle Born team regarding media, partnership or general matters, we look forward to hearing from you.

If you would like to submit your business plan for consideration, please do so through the Gust platform.

For questions regarding state venture capital programs, please refer to the US Department of the Treasury’s SSBCI website.

If you would like to contact the Nevada Governor’s Office of Economic Development (GOED), please visit its website.

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Thank you for your interest in Battle Born. Please note that we are unable to give you feedback on your project, nor meet with you to discuss your project ahead of an application. If you're looking for help with developing your business plan, or feedback on your business, we suggest that you contact Nevada SBDC. For all other investment related matters, please add your inquiry in the field below.

©Battle Born Growth 2020

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