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Nevada State Treasurer Zach Conine to award $400,000 investment to winning startup at AngelNV finale on April 27

Nevada State Treasurer Zach Conine to award $400,000 investment to winning startup at AngelNV finale on April 27

Investors can still sign up to invest in promising Nevada-based startups
Small business owners encouraged to attend Shark Tank-style event

LAS VEGAS (April 1, 2024) – Operated by StartUpNV, a nonprofit incubator and accelerator for Nevada-based startup companies, AngelNV will hold its Shark Tank-style finale on Saturday, April 27 at Las Vegas City Hall. At the event, startups will pitch to secure an investment totaling at least $400,000 which will be awarded by Nevada State Treasurer Zach Conine at the conclusion of the event (awards ceremony estimated to begin at 3:30 p.m.).

Small business owners looking to learn more about attracting startup investors are encouraged to attend the Shark Tank-style event that starts at 1 p.m. with cocktails, refreshments, and networking before finalists make their final pitches to potential investors. Tickets can be purchased online at www.angelnv.com and attendees can save $20 on their ticket with the promo code: SAVE20.

A $200,000 investment will come from angel investors who have invested at least $5,500 to the AngelNV Conference Fund. That investment will be matched by funds from the State Small Business Credit Initiative (SSBCI) administered by the Governor’s Office of Economic Development for a grand total of $400,000. Additional investments may also be made to runner-up companies.

Many of the investors have been participating in AngelNV’s 14-week investor bootcamp that teaches angel investing strategies and tactics. During the bootcamp, investors hear pitches and evaluate the companies vying for the investment. Accredited investors can still participate with a $5,500 investment, an amount that is much lower than required for participation in most investment funds. To participate, investors should register online at www.angelnv.com.

After making pitches to potential investors, seven finalists were selected last month from more than 150 participants in AngelNV’s free entrepreneur bootcamp that educates startup founders on how to raise venture capital. Three of the startup finalists are from Southern Nevada, one is female led, and one is minority owned. The finalists and their service or product offerings are:

  • Bumpr – (Las Vegas) This outdoor advertising startup adds digital see-through billboards to the back window of rideshare cars offering advertisers greater visibility and engagement at lower costs.
  • LuciHub – (Las Vegas) The minority-owned startup is an artificial intelligence (AI) powered video production company that enables content creators to produce professional, timely content efficiently. Its service captures user-generated content from multiple collaborators and delivers professionally edited videos in a matter of hours, not weeks.
  • ZenCentive – (Las Vegas) Created a “Software as a Service” (SaaS) solution for complex sales compensation management with an intuitive menu-driven interface that empowers sales teams with unparalleled ease and efficiency, elevating productivity to new heights.
  • Cloudforce Networks – (Reno) Its virtual cloud architect software supports companies with multiple cloud accounts by providing one standardized, seamless dashboard across public cloud platforms.
  • Rutabaga – (Reno) This company uses AI to help unify customer insights enabling product teams to make informed customer driven decisions on what features to add or fix their software products.
  • Standard Measure Technologies – (Reno) A woman-led company that offers virtual sizing technologies to measure small items to deliver personalized, custom-fit, and made-to-measure shopping experiences. Their first product helps to identify sizes for the nail care industry and can be broadened for rings, hearing aids, etc.
  • TILT.ai – (Reno) Leverages AI to transform the freight brokerage industry, enhancing operational efficiency, reducing costs, increasing competition, and fostering a greener future for freight logistics.

AngelNV is a program of StartUpNV that provides expert mentorship to startups and access to a network of capital partners. Since StartUpNV began in 2017, more than $80 million has been raised and invested in more than 55 companies participating in StartUpNV programs, including AngelNV.

StartUpNV launched AngelNV in 2020 to foster an angel investment network for Nevada-based startups and attract to the state scalable startup businesses and entrepreneurs with big ideas to build a more diversified and resilient economy. AngelNV is building a bridge between entrepreneurs and angel investors by educating startups on raising capital and teaching accredited investors how to invest wisely in startups. For more information visit: www.angelnv.com.

Editor’s Note: Media interested in speaking with any of the finalists or the executive director of StartUpNV/AngelNV in advance of the April 27 event, please email: [email protected].

About StartUpNV

StartUpNV is a 501(c)3 non-profit statewide accelerator and business incubator for scalable Nevada-based startups that provides expert mentorship and access to a network of capital partners. StartUpNV’s founders, mentors, university connections, investors, and business partners work together to grow and support a robust, inclusive startup ecosystem in Nevada. StartUpNV’s related venture funds, FundNV, AngelNV, and the new 1864 seed fund, provide startups access to local venture capital along with education for entrepreneurs and angel investors. Since inception in 2017, StartUpNV has heard pitches from more than 1,000 startups, held more than 250 education events, and seen nearly $80 million in venture capital raised for more than 55 companies. For information visit: https://startupnv.org/.

For more information, contact:  Amy Maier, The Warren Group, [email protected], 702-904-0296.