Achieving a high rate of growth on invested capital by targeting investments in companies within emerging industries that are past proof of concept, pre-commercialization and can benefit from the active involvement and support of the Nicoya team’s unique expertise in taking companies from conceptualization to liquidity. 

Investment Policy

Company Characteristics

• Past proof of concept with a defined business model and early or imminent revenue

• Identifiable and defensible market opportunity supported by the presence of an Economic Moat

• Ability to leverage Nicoya’s network across all aspects of the business to capitalize on synergistic opportunities 

Company Size

• Pre-money valuation ranging from $2 to $10 million, reserving the ability to evaluate other opportunities as they present themselves

Investment Size

• $500,000 and $2 million, translating to an ownership stake within the 10% and 50% range

• Right to fund follow on investments, either on an exclusive basis or as part of a syndicate

Investment Terms

• Board seat, or the ability to appoint a director

• Pre-emptive shareholder rights protecting Nicoya’s interests from dilution or other third-party controlling shareholders, including a right of first refusal (ROFR) on future financings, going public transactions or other liquidity events

Management

• Experienced and capable management that not only intends to but are incentivized to keep operating the company as a near-majority owner with a growth-oriented mindset

Industries and Sectors of Interest

• Technology

• FinTech

• EdTech

• MedTech

• AI

• Software

• eCommerce and IT

• Data Analytics 

• Alternative Energy

• Cannabis

• Pharmaceuticals

• Select Real Estate