Fundraising Fox

NKM Capital

Venture capital

San Francisco · Pre-Seed–Seed · 1 people tracked

Fox Verdict
Sign up to see your fit

Investment thesis

NKM Capital is a thesis-driven venture firm backing technology companies at the earliest stages, with a focus on decentralization, networks, and infrastructure. Active since 2014, the firm and its founder have supported pioneers across space, aviation, fintech, transportation, and AI. It emphasizes identifying category-defining companies early, having produced numerous unicorns from its initial investments.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Seed
HQ
San Francisco, MA, US
Instruments
Equity
Founded
2014
Tracked investments
9

Team · 1 people

from public directories
Nurzhas Makishev· Partnerin

What they invest in

from 9 of 9 portfolio companies

Advanced Manufacturing ×4Fintech ×4AI & Machine Learning ×3Deep Tech ×3Enterprise Software ×3Hardware ×3Space Tech ×3Climate Tech ×1

HQs:United States×9

Who they back

founder profiles across 9 portfolio companies
22%
solo founders
2 of 9 mapped founding teams
75%
repeat founders
of 12 founders with career history

Founding team size:solo founder×22 founders×63 founders×1

Where their founders studiedfrom 10 founders with education data

University of Maryland ×3Carnegie Mellon University ×2Massachusetts Institute of Technology ×2Stanford University ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×6

Investments · 9 tracked

founders shown can be your intro path
Astranisastranis.comin𝕏

Astranis manufactures small, high-powered geosynchronous satellites equipped with advanced digital processing technology for global telecommunications and connectivity services.

Advanced ManufacturingDeep TechHardwareSpace TechSan Francisco, US

John Gedmark(Founder/CEO)inRyan McLinko(Founder/CTO)in

PartnerNurzhas Makishev· solo GP

Co-investorsAndreessen HorowitzBlack FlagBoxGroupCantos VenturesCherubic VenturesCommonweal Ventures+37 more

Boomboomsupersonic.comin𝕏

Boom Supersonic develops supersonic aircraft and engines, including the Overture commercial airliner and the Symphony turbofan engine, targeting commercial aviation and advanced infrastructure applications.

Advanced ManufacturingDeep TechHardwareSpace TechCentennial, US

Blake Scholl(Founder/CEO)in

PartnerNurzhas Makishev· solo GP

Co-investorsActivant CapitalAltra VentureAngel Collective Opportunity FundBessemer Venture PartnersCaruso VenturesDraper Associates+23 more

Cartacarta.comin𝕏

Carta is a cloud-based ERP platform for private capital markets that manages cap tables, equity administration, fund management, and valuations for startups, private companies, and venture funds globally.

Enterprise SoftwareFintechSaaSSan Francisco, US

Henry Ward(Co-founder)Manu Kumar(Co-founder)inCharly Kevers(Chief Financial Officer)Jeff Perry(Chief Revenue Officer)Nick Avery(Chief People Officer)Nicole Baer(Chief Marketing Officer)

PartnerNurzhas Makishev· solo GP

Co-investorsA*Align VenturesAmity VenturesAndreessen HorowitzAnthemis VentureDraper Associates+35 more

Cruisegetcruise.comin𝕏Acquired

Cruise develops autonomous electric vehicle technology for urban transportation.

Advanced ManufacturingAI & Machine LearningClimate TechMobility & TransportationSan Francisco, US

Kyle Vogt(Founder/CEO)inDaniel Kan(Founder/COO)in

PartnerNurzhas Makishev· solo GP

Co-investors11.2 CapitalCoelius CapitalDraper AssociatesFelicis VenturesFounder CollectiveHomebrew+15 more

Deepgramdeepgram.comin𝕏

Deepgram builds foundational voice AI technology that enables speech-to-text, audio intelligence, text-to-speech, and voice agent APIs for businesses to create natural voice interactions.

AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise SoftwareSan Francisco, US

Scott Stephenson(CEO and Co-founder)Dave Wilner(Director)Adam Sypniewski(Executive Officer, Director)

BoardZach DeWitt(Director)inElizabeth de Saint-Aignan(Director)

PartnerNurzhas Makishev· solo GP

Co-investorsAlkeon InnovationB CapitalBascom VenturesCompoundConnetic VenturesGaia Ventures+14 more

Relativity Spacerelativityspace.comin𝕏

Relativity Space develops Terran R, a reusable medium-to-heavy-lift rocket designed for efficiency and scalability, serving government entities, telecommunications companies, and commercial customers for space access missions.

Advanced ManufacturingAI & Machine LearningDeep TechDefense TechHardwareSpace TechLos Angeles, US

Tim Ellis(Founder/CEO)inJordan Noone(Executive Officer, Director, Promoter)Eric Schmidt(CEO)in

PartnerNurzhas Makishev· solo GP

Co-investorsBaruch Future VenturesBold Capital PartnersCoatue ManagementDas & Co.Ethos VCEvolution VC Partners+16 more

Ripple Labsripple.comin𝕏

Ripple builds blockchain-based financial infrastructure to enable cross-border value transfer and payment solutions for enterprises, governments, and financial institutions.

Crypto & Web3Enterprise SoftwareFintech

Ryan Fugger(Founder)David Schwartzin

PartnerNurzhas Makishev· solo GP

Co-investors500 GlobalAbstract VenturesAurum Venture PartnersAvant Global LLCCamp One VenturesCastle Island Ventures+19 more

Robinhoodrobinhood.comin𝕏

Robinhood is a financial trading platform that enables users to manage portfolios across stocks, ETFs, cryptocurrencies, options, futures, and prediction markets.

FintechMenlo Park, US

Vlad Tenev(Co-founder & CEO)inBaiju Bhatt(Co-founder)

PartnerNurzhas Makishev· solo GP

Co-investors1/1 CapitalAlgerAmplo VenturesAndreessen HorowitzBLN CapitalChamaeleon+40 more

Truebilltruebill.comin𝕏Acquired

Rocket Money (formerly Truebill) is a personal finance application that helps users manage subscriptions, set budgets, and track savings goals.

ConsumerFintechSilver Spring, US

Yahya Mokhtarzada(Founder/CEO)inHaroon Mokhtarzada(Founder)inIdris Mokhtarzada(Founder/CTO)in

BoardCesar Lee(Director)

PartnerNurzhas Makishev· solo GP

Co-investorsY CombinatorAccelBessemer Venture PartnersDVCEvolution VC PartnersFirebolt Ventures Management Company, Llc+5 more

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has NKM Capital made?
NKM Capital has 9 tracked investments, 2 of which have exited via acquisition or IPO.
What stage does NKM Capital invest at?
NKM Capital invests at the Pre-Seed, Seed stages.
What sectors does NKM Capital focus on?
NKM Capital focuses on AI & Machine Learning, Crypto & Web3, Data & Infrastructure, Deep Tech, Fintech, Space Tech.
Where is NKM Capital located?
NKM Capital is headquartered in San Francisco, US.
Who does NKM Capital co-invest with?
NKM Capital most often shares deals with Y Combinator, Draper Associates, Andreessen Horowitz, among 156 tracked co-investors.

Co-investors · 31

Bessemer Venture Partners

Bessemer Venture Partners is a global venture capital firm that partners with entrepreneurs across enterprise, consumer, and healthcare sectors from early stages through growth.

Both backed · 2
$5M – $100M
Felicis Ventures

Felicis Ventures is a venture capital firm that backs founders primarily at the Seed and Series A stages, frequently leading or co-leading rounds. It operates with a founder-first approach, including a founder pledge and voting commitments.

Both backed · 2
$500K – $15M
Spark Capital

Spark Capital is a venture capital firm that partners with founders, known for early investments including leading Twitter's Series B in 2008.

Both backed · 2
$500K – $25M
RRE Ventures

RRE Ventures is a boutique early-stage venture capital firm that backs founders across sectors, combining decades of experience with AI-driven analysis throughout the investment lifecycle.

Both backed · 2
$5M – $15M
UpHonest Capital

UpHonest Capital is a Silicon Valley-based investment firm founded in 2017 that supports cross-border entrepreneurship and investment between China and the United States, and runs media, scout, and incubation programs.

Both backed · 2
$50K – $1M
Long Journey Ventures

Long Journey Ventures is an early-stage venture firm that backs unconventional, 'magically weird' founders and ideas, positioning itself as a hands-on, community-oriented partner to its companies.

Both backed · 1
$100K – $1M
BoxGroup

BoxGroup is an early-stage venture capital firm that invests in startups at their earliest stages.

Both backed · 1
$1M
Coatue Management

Coatue Management is a technology-focused investment firm that invests in innovation across both public and private markets with responsible risk management.

Both backed · 1
$1M – $20M
Sound Ventures

Sound Ventures is a venture capital firm that seeks to invest in the technology sector.

Both backed · 1
Quiet Capital

Quiet Capital is an early-stage venture firm run by builders who back founders from day zero.

Both backed · 1
$100K – $25M
Susa Ventures

Susa Ventures operates two early-stage technology funds that invest in companies leveraging data, network effects, and economies of scale.

Both backed · 1
$1M – $5M
Digital Currency Group

Digital Currency Group (DCG) is a long-term investor in and operator of businesses across the crypto and blockchain industry, holding equity, fund, and token positions.

Both backed · 1
19 more co-investors

Coelius CapitalTrucks VCFounders FundFirst Round CapitalB Capital GroupCRV (Charles River Ventures)Partech VenturesFundersClubHack VCSherpalo Ventures2048 VenturesBlockchain CapitalAmerican Express Ventures (Amex)Oyster VenturesFuture Perfect VenturesAmasiaArboretum VenturesFirst Star VenturesJungle Ventures

Firms observed investing alongside NKM Capital, from public investor directories. Shared companies are the overlap with NKM Capital's recorded portfolio.

Similar investors

Featured in lists