Nevada’s tech industry is expected to skyrocket, with a contribution of $2.7 Billion to the local economy, 27% higher than in 2022.
In an interview, John Durant, president of Hyper Networks said:
“This desert landscape is the perfect place to put giant data centers because the infrastructure is already here, which has set the stage for the next level of commercial enterprises to come here.”
But, what is the secret to this amazing growth? How is Nevada accelerating its fintech sector?
Aside from the insane talent, the secret to this amazing growth is startup investors. In the last five years, many startup investors have established their presence in the state, funding hundreds of startups.
To help you know some of the most active and well-known investors in Nevada, let us help you with a list of top startup investors that are funding fintech startups.
Find The List of Top 6 VC Firms in Nevada That Fund Fintech Startups
Before starting with our list, here’s a quick table summarizing all the data.
| Investor Name | Focused Sectors | Funding Stages | Notable Investments | Total Investments |
|---|---|---|---|---|
| Varkain | Mobile Technology, SaaS, Hardware | Seed and Series A | Databuoy, Vetty, Strayos, Cartogram | 16 |
| Battle Born Venture | Software, Consumer Brands, Healthcare, Fintech, Fire Retardant, Crop Protection, Safety Tech | Recurring Revenue, Co-Investments | Talage, Outlaw Soaps, Heligenics | 21 (16 Active, 5 Exits) |
| RAA Ventures | Internet Marketing, Technology, E-commerce, Consumer Products and Services | Seed to Series A+ | Postmates, Acronis, Fitbit, ExactTarget, MixRank | 15 |
| Rebel Venture Fund | Hospitality & Hospitality Tech, Gaming Tech, Energy (Renewable Resources) | All stages, with a focus on UNLV student/alumni startups | Walls360, Perfect Point, KeyIn, Connected Signals | 10 |
| Redhills Ventures | Healthcare, Financial, High-tech, Real Estate | Seed to Series A+ | Intellicare, Ozonator, Trustifi | 11+ |
| RMR Capital | Technology-enabled Companies, Food-related Businesses | Seed and Series A | Five Guys Burgers and Fries, Distil Networks, CrowdFunder, Bitvore Corp. | 10 |
Varkain
- Website: varkain.com
- Focused Sectors: Mobile Technology, SaaS, Hardware
- Funding Stages: Seed and Series A
- Notable Investments: Databuoy, Vetty, Strayos, Cartogram
- Total Investments: 16
Founded in 2014 by General Partner Laurie Hinckley, Varkain is a Las Vegas-based venture capital firm specializing in seed and Series A investments. Their team consists of around 2 individuals, who make most of their investments ranging from $25,000 to $700,000.
Ever since 2014, Varkain has invested in 20 companies, with 10 active in its portfolio and 13 successful exits.
Their team of investors focuses on startups demonstrating traction, a clear revenue mode, and scalable ideas.
Battle Born Ventures
- Website: battlebornventure.com
- Focused Sectors: Software, Consumer Brands, Healthcare, Fintech, Fire Retardant, Crop Protection, Safety Tech
- Funding Stages: Recurring Revenue, Co-Investments
- Notable Investments: Talage, Outlaw Soaps, Heligenics
- Total Investments: 21 Investments (16 Active, 5 Exits)
Battle Born Venture is an active VC firm that is known for investing in startups dealing with modern IT challenges. Their emphasis on innovation, scalability, and strong leadership makes them a great partner for emerging tech companies in the region.
The firm also operates as an evergreen fund under the Nevada Governor’s Office of Economic Development. Its investment criteria prioritize Nevada-based startups demonstrating strong growth potential and innovative solutions.
The investors like funding startups dealing with IT challenges, including cybersecurity threats, data management complexities, and the integration of artificial intelligence in business processes.
The investment range of Battle Born Ventures ranges around $200K to $1M per company
RAA Ventures
- Website: raaventures.com
- Focused Sectors: Internet Marketing, Technology, E-commerce, Consumer Products and Services, Lifestyle, Media, Entertainment, Social Media, Energy Production, Infrastructure, Mobile Gaming, Apps
- Funding Stages: Seed to Series A+
- Notable Investments: Postmates, Acronis, Fitbit, ExactTarget, MixRank
- Total Investments: 15
RAA Ventures is a Las Vegas-based venture capital firm specializing in early-stage investments in internet marketing, technology, e-commerce, consumer products, and related sectors.
When it comes to investments, RAA Ventures is all about finding high-performing companies and funding them, with some of their last investments being in Fitbit and Trulia.
Other than investment activities, RAA Ventures is involved in mentorship programs and workshops. Founders can reach out to them through their contact page and submit a pitch deck.
Rebel Venture Fund
- Website: rebelventurefund.com
- Focused Sectors: Hospitality & Hospitality Tech, Gaming & Gaming Tech, Energy (Renewable Resources), Healthcare Innovation, Logistics Management
- Funding Stages: All stages, with a focus on UNLV student/alumni startups
- Notable Investments: Walls360, Perfect Point, KeyIn, Connected Signals
- Total Investments: 10
Rebel Venture Fund (RVF) was established in 2013 through a $500,000 funding from Jeff Moskow.
However, with time RVF has grown into a great VC firm and has also funded companies like ZenCentiv, Echo Payment Systems, and Quertle. When funding startups, the team of investors looks for startups that are solving payment problems.
RVF typically invests between $25,000 and $50,000 in exchange for equity positions.
Redhills Ventures
- Website: redhillsventures.com
- Focused Sectors: Healthcare, Financial, High-tech, Real Estate
- Funding Stages: Seed to Series A+;
- Notable Investments: Intellicare, Ozonator, Trustifi
- Total Investments: 11+
Redhills Ventures, founded in 1997 by Victor and Antoinette Chaltiel is a Las Vegas-based private family investment firm. It usually invests in companies with experienced management teams and high-growth potential.
Currently, Redhills Ventures has made 23 investments, with 16 successful exits.
Their investment criteria focus on sectors such as high technology, finance, real estate, and healthcare. Investors mostly focus on startups that are working on a unique problem and have a competitive edge. They want to invest their funds into a startup that can promise 3-8x ROI within the next 36 months.
The investment range of Redhill Ventures can range up to $5 Million.
RMR Capital
- Website: rmr-capital.com
- Focused Sectors: Technology-enabled Companies, Food-related Businesses
- Funding Stages: Seed and Series A
- Notable Investments: Five Guys Burgers and Fries, Distil Networks, CrowdFunder, Bitvore Corp.
- Total Investments: 10
RMR Capital, founded in 2000, is a venture capital firm based in Las Vegas, Nevada. It is a prominent venture capital firm in Nevada, particularly for startups tackling modern IT problems.
Like most other VC firms, RMR Capital focuses on investing in startups that chances of 5-6x ROI. They focus on seed-stage startups, that are backed by founders with at least 2-5 years of in-field experience.
Ever since its founding, RMR has funded over 17 startups and is one of the most active VC firms in the area. They have 2 main investors, who are well experienced and can help the startup with operation, marketing, and legal assistance.
Other than its Nevada office, the firm has expanded to 3 other locations including Tampa, McLean, and Denver.
Wrap-Up: What You Should Know Before Pitching:
Wrapping it up, as a founder, you should know that researching is your best weapon.
Understand each firm’s mission, portfolio, and investment preferences.
Are they into early-stage startups? Do they prefer specific industries like software or healthcare?
Knowing these details will show investors that you’re serious and prepared.
When creating your pitch, keep it clear and focused. Explain the problem you’re solving and why it matters. Highlight how your solution stands out, and don’t just talk about ideas, show traction, like users, revenue, or partnerships.
And lastly, always be ready to answer tough questions about your business model, competitors, and long-term goals.
