Short answer: Mostly through founder savings, family, customer revenue, and one of a handful of local angels or funds — institutional VC is still scarce, so build for revenue-first.
The current sources.
- Founder + family + friends — still the largest pool by volume.
- Local angel networks — NepalAngels, FCAN-adjacent networks, a few diaspora circles in Sydney, Boston, Toronto.
- Local funds and accelerators — One to Watch, Team Ventures, Antler Nepal (intermittent batches), Dolma Impact (later stage).
- Customer revenue — under-discussed but the strongest leverage. NPR 5 lakh in monthly recurring beats a USD 50,000 SAFE in most rooms.
What hurts most founders. Treating fundraising like the goal instead of the means. Investors in Nepal will return calls when you have signed customers — not when you have a deck.
Where did your first cheque come from? Be specific about the channel.
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