The Nile Fund provides pre-seed or friends and family capital to Be Nimble Foundation pitch, program, fellowship, or accelerator program alumni and participants.
Check sizes are anywhere between $10,000 to $50,000 for companies that have a viable business where funding would be helpful to reach the next phase of growth for their entrepreneurship journey.
The Nile Fund offers two main funding models: Revenue-Based Loans and Equity Investments via SAFE notes. Both funding models offer unique benefits and can be tailored to meet the needs of individual startups.
The Nile Fund's Revenue-Based Loans offer a unique financing option for startups. With this model, the fund provides a loan to a startup in exchange for a percentage of the company's future revenue. This means that rather than giving up equity in their company, startups can access the funding they need while still retaining ownership and control.
General terms:
5% interest, compounded annually
Payment: 10% of monthly or quarterly revenue until balance is paid off.
Initial payment takes place 180 days after loan closing.
The Nile Fund also offers Equity Investments via SAFE notes. A SAFE (Simple Agreement for Future Equity) note is a type of investment contract that allows investors to provide funding to a startup in exchange for the right to receive equity in the future. This model is commonly used for early-stage startups and offers flexibility in terms of valuation and other terms.
Terms are unique to each company's anticipated valuation cap.
$250,000 dedicated to Equity Investments
$500,000 dedicated to Revenue-based loans
The Nile Fund is managed by IMPACT Central Indiana, a donor-advised impact investing fund housed at the Central Indiana Community Foundation