What Newbean Capital does

Newbean Capital is a Reno, Nevada-based registered investment advisor founded in 2013 by Nicola Kerslake that specializes in early-stage venture capital fund management for government entities and institutional investors. The firm's core competency is designing and operating venture capital mandates under the US Treasury's State Small Business Credit Initiative (SSBCI), including Battle Born Venture (Nevada's state venture capital fund) and California's iBank $200m VC fund and fund of funds platform. A significant portion of the firm's role is translating complex federal compliance and reporting requirements into user-friendly software, executed through the in-house Newbean Comply platform.

The firm operates a portfolio of proprietary software products, including Newbean Comply (SSBCI compliance and reporting with AI-generated due-diligence drafting and fraud-prevention red-flag detection), Equipped (AI-powered marketplace for pre-owned indoor farm equipment), Contain (indoor-agriculture vendor showcase platform), NV Small Biz (Nevada small-business investment matching), Battle Born Venture (VC application engine), and Rooted (microlearning platform). AI is applied across these products for generative due diligence, anomaly detection, and process automation, primarily using text and structured-data modalities.

Revenue is generated across three streams: fund management mandates for government and institutional clients, custom software development for startups, enterprises, and multinationals, and direct venture investments with a thematic focus on rural US opportunities. The firm maintains a small team, operates from a headquarters near Lake Tahoe with a Singapore subsidiary established in 2021, and reports a portfolio of 20+ direct investments across healthtech, fintech, food and agtech, and niche consumer segments, with exits including WiseBanyan (2019, Axos Financial), BaseVenture (2019), Wedgies (2018), and Semi Exact (March 2025).

Name

Newbean Capital

Legal name

Newbean Capital

Website

https://newbeancapital.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Newbean Capital is a Reno-based registered investment advisor that manages early-stage venture capital mandates for institutional and government clients, with deep expertise in the US Treasury's SSBCI program, and develops proprietary compliance and marketplace software platforms.

Ownership category

akta.pro rank

Product category

Venture Capital and Investment Advisory

NAICS

Portfolio Management and Investment Advice (523940), Investment Banking and Securities Intermediation (523150), Funds, Trusts, and Other Financial Vehicles (525), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211), Finance Services (6199)

akta.pro primary industry

Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG)

akta.pro secondary industries

Private Sector & Blended Finance Arms (IFC-type) (BPADACAJ), Emerging Managers / Seeding Platforms (FSAHAKAI), Institutional Capital Introduction (LP/Family Office/Endowment Matching) (FSAEALAI)

Keywords

• Venture capital management
• SSBCI compliance software
• Institutional fund management
• AI compliance reporting
• Indoor agriculture marketplace

Headquarters

HQ city

Reno

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Fund Management: Managing venture capital and private equity funds for institutional investors and government entities, with expertise in US Treasury SSBCI program mandates
2. Software Development: Developing custom software platforms for clients ranging from startups to multinational corporations, including AI-driven solutions for marketplaces, application engines, and compliance systems
3. Rural Venture Capital: Focused on exploring rural US venture capital opportunities, supporting and growing rural startup communities

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Newbean Capital is a registered investment advisor that manages early-stage venture capital and private equity mandates on behalf of institutional investors, government entities, and corporations, with specialized expertise in the US Treasury's SSBCI program. The firm also develops and sells AI-driven software platforms addressing fund management, SSBCI compliance and reporting, indoor agriculture ecommerce, vendor showcases, and microlearning. Revenue is generated through managed fund services and custom software development engagements.

Product overview

Newbean Capital operates as a multi-platform technology company offering a portfolio of specialized software solutions. The core products include Newbean Comply (SSBCI compliance and reporting platform with AI-generated due diligence), Equipped (AI-powered marketplace for pre-owned indoor farm equipment), Contain (vendor showcase platform), NV Small Biz (investment matching), Battle Born Venture (VC application engine), and Rooted (microlearning). These platforms collectively address fund management, compliance reporting, ecommerce marketplace, and investment operations, with AI capabilities integrated throughout for automation and fraud prevention.

Differentiator

Problem solved

Functional benefit

Brands

• Newbean Comply: Software platform designed to tackle the challenges of managing US Treasury SSBCI funds, simplifying reporting for entrepreneurs and providing program managers with instant access to reporting and analytics data.
• Equipped
• Contain
• NV Small Biz
• Battle Born Venture
• Rooted

Products and services

• Newbean Comply Software platform for managing US Treasury SSBCI funds, designed to simplify reporting for entrepreneurs and provide program managers with instant access to reporting and analytics data. Features AI-generated first-cut due diligence and red flag identification for fraud prevention.
• Equipped AI-powered marketplace enabling farmers and indoor agriculture operators to buy and sell pre-owned farm equipment.
• Contain AI-powered vendor showcase platform providing information on indoor agriculture industry vendors through vendor showcases and a vendor directory with industry data and custom stock indexes.
• NV Small Biz Investment matching platform connecting small businesses in Nevada with appropriate funding sources and investment opportunities.
• Battle Born Venture Venture capital application engine platform for managing VC fund operations, applications, and investment workflows, originally built for Nevada's state venture capital fund.
• Rooted Microlearning platform providing educational content and training resources for professional development in agriculture.
• Venture Capital and Private Equity Fund Management Managed fund services establishing and operating venture capital and private equity mandates for government entities, institutional investors, and private clients, with specialized expertise in US Treasury SSBCI program mandates.
• Custom AI-Driven Software Development Professional services developing custom AI-driven software platforms for clients ranging from startups to multinational corporations and government agencies, including marketplaces, application engines, and compliance systems.

Quantifiable outcome

• Created Nevada's state venture capital fund (Battle Born Venture) under US Treasury mandate
• +1 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature6 records

Partnerships

Two partnerships are on record, tiered core.

• Contain InccoreStrategic or Co-development PartnerSibling company handling Newbean Capital's indoor agriculture interests. Techstars Farm to Fork graduate. Works with industry vendors on leasing, equipment marketplace (Equipped), and industry data. Companies worked with include Cargill and Ecolab.
• TechstarscoreStrategic or Co-development PartnerContain Inc graduated from Techstars Farm to Fork accelerator program, connecting Newbean Capital's agricultural technology interests with startup ecosystem resources.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Cambridge Associates: Global investment consulting firm advising institutional clients on private equity, venture, and fund-of-funds allocations. Newbean has directly participated in Cambridge Associates-led RFPs as part of its iBank mandate work, indicating functional comparability in investment advisory and manager selection.
• Village Capital: Impact-focused venture capital firm that supports early-stage, revenue-generating startups through structured peer-learning programs. Newbean co-invested alongside Village Capital in portfolio companies like WiseBanyan, reflecting shared thesis of backing inclusive, early-stage ventures.
• Hamilton Lane: Private markets investment management firm offering advisory, fund-of-funds, and direct investment solutions to institutional clients. Comparable in providing bespoke private capital advisory and manager construction services to sophisticated LPs and government entities.
• StepStone Group: Private markets investment management and advisory firm specializing in fund-of-funds, co-investments, and emerging manager programs. Mirrors Newbean's mandate to institutional LPs seeking exposure to emerging managers and government-linked VC programs.
• gener8tor: Early-stage venture fund and accelerator that invests in and curates cohorts of high-growth startups. Battle Born Venture co-invested with gener8tor in Vistro, and the two platforms share comparable founder-matching and rural/US-regional investing mandates.
• Marquette Associates: Independent investment consulting firm advising institutional investors on private equity, venture, and emerging manager program construction. Mirrors Newbean's role in building and managing fund-of-funds and emerging-manager mandates for sophisticated LPs.

Broad incumbents

• Techstars: Large global accelerator network running industry-specific programs with associated VC fund management. Newbean's sibling company Contain Inc. is a Techstars Farm to Fork graduate, making Techstars a co-investor and ecosystem peer in accelerator-backed VC.
• Mesirow Financial: Diversified financial services firm with private equity, fund-of-funds, and capital introduction capabilities serving institutional and government clients. Comparable in combining traditional advisory with private capital platform construction for state and institutional mandates.
• SEI Investments: Large diversified investment manager with outsourced investment operations, private equity, and real-asset platforms. Newbean built private equity fund-of-funds and direct platforms for SEI, signaling deep operational and technological overlap in institutional mandate design.

Emerging players

• A-Level Capital: Early-stage venture capital firm targeting underserved geographies and founders. Has co-invested in Newbean portfolio companies, indicating direct overlap on deal sourcing and LP-aligned rural/specialty VC theses.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/newbeancapital

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Newbean Capital