NIN Ventures was set-up in September 2013 with a unique proposition – to be the first of its kind – a technology venture capital fund that looks to only raise capital via the web. It now looks for investors to invest in 3D printing.
It relied on the The Jumpstart Our Business Startups Act (the JOBS Act) signed into law by President Obama on April 5, 2012 which enables crowdfunding for all Americans. The Fund is offering its membership interests pursuant to Rule 506(c) of Regulation D under the Securities Act of 1933. The offering is being made via general solicitation and general advertising, which is permitted by Rule 506(c) as contemplated by Title II of the JOBS Act.
Ms Nin Desai is the founder and the CEO. She is an experienced fund manager and a technology geek. With a private equity (Alpha Capital Partners) and investment banking (Pacific Crest Securities) background, her experience spans all facets of deal sourcing – mergers and acquisitions and corporate finance including public offerings and private placements. She is a Microsoft Certified Systems Engineer (MCSE) and has a technical diploma in E-commerce by IBM, holds Series 7 and 63 licenses from NASD, and is an B.B.A and M.B.A in Finance/International Business from Loyola University of Chicago. She recently attended a leadership program in Private Equity and Venture Capital at Harvard Business School.
Open for investment
Two years after its set-up, the Chicago based online fund is now opening its NIN Ventures Technology Fund for investment to accredited investors, i.e any individual with an income of more than $200,000 per year, or a joint income of $300,000, in each of the last two years and who expects to reasonably maintain the same level of income OR has a net worth exceeding $1 million, either individually or jointly with his or her spouse, excluding the primary residence.
3D Printing is a priority for NIN.vc
NIN.VC will invest in early / growth stage financial services, education software, internet and digital media, mobile communication, cloud computing, 3D printing, and other path breaking companies. The fund will invest $1,000,000 – $5,000,000 in early / growth stage companies as a part of a syndicate or lead.
Nin will join the small list of venture funds that target specifically the 3D Printing technology. Other funds in the field include iMakr.vc, Asimov Ventures, Intel Capital, Disney Accelerator, Autodesk Spark, Lux Capital and Balderton Capital.