Nufund Hits Investment Milestone with 100th Startup, Eyes Future Growth
May 6th, 2024. San Diego, CA — NuFund Venture Group, a leader among angel investors and the innovative force behind a unique fund model targeting emerging technology leaders, today celebrates the closure of its landmark 100th investment deal. This milestone not only marks a significant achievement in the firm’s history but also underscores its continued commitment to nurturing high-potential startups across various sectors.
Originally known as Tech Coast Angels – San Diego, NuFund has been a prominent force in the venture capital scene for over 20 years, consistently delivering on its mission to drive economic growth and foster innovation. The firm rebranded to NuFund in 2022 to better reflect its national reach and pioneering fund-first approach, emphasizing its role as one of the largest, most active, and successful early-stage investor groups in the United States.
“Hitting our 100th company investment through our Annual Fund model is an exciting milestone,” said Dean Rosenberg, Co-Fund Manager at NuFund. “We started our Annual Funds 6 years ago with the intent of driving a faster process for founders and higher ROI for our investor members. We are making strong progress on all of those metrics.” In fact, NuFund’s first Annual Fund, launched in Q4 2018, has already paid back the original capital in full (1x DPI), making it a top-performing venture fund in its vintage year.
NuFund boasts 350 active accredited investors from diverse backgrounds and regions nationwide. “In addition to the more than $60M that has been invested since our Annual Fund launched in 2018, NuFund’s greatest strength is our vast and deep bench of subject matter expert (SME) members who not only help us identify the best deals but also help the founders we invest in to succeed on the entrepreneurial journey,” added Ashok Kamal, Co-Fund Manager and Executive Director at NuFund.
“Our 100th deal represents more than just a number; it is a testament to the power of the Annual Fund model, where active involvement from experienced investors meets the agility and speed of venture capital ” stated Serhat Pala, President of NuFund. “As the early-stage funding world continues to transform with shifting market dynamics, NuFund’s model answers the growing needs of the startup ecosystem.”
As NuFund celebrates this significant achievement, the firm also looks forward to the future. Plans are underway to expand its portfolio with a heightened focus on AI transformation across different industries, sustainability, and technological innovation in lifesciences, aiming to spearhead new investments that tackle pressing global challenges and opportunities to solve them.
About NuFund Venture Group
NuFund Venture Group represents a new wave of angel investors, pioneering a novel fund model focused on emerging technology leaders. Formerly known as Tech Coast Angels – San Diego, the organization is one of the largest, most active, and most successful early-stage investor groups over the past 20+ years. We continually strive to foster a culture that is friendly, innovative, engaging, rewarding, and fun for all stakeholders.
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