NIMB Ace Capital, Momo VC plan $30 million Nepal fund

By AI, Created 5:27 AM UTC, June 03, 2026, /AGP/ – NIMB Ace Capital Limited and Momo VC signed a memorandum of understanding to create a Nepal-focused private equity and venture capital fund targeting high-growth companies. The proposed fund aims to mobilize global and diaspora capital for Nepali businesses as both firms prepare further details in the coming months.

Why it matters: - The proposed fund could expand access to early-stage, growth and mezzanine capital for Nepali companies that often struggle to find institutional financing. - The partnership is designed to channel more long-term private capital into Nepal’s startup and SME ecosystem. - The effort also aims to help Nepali companies scale beyond the domestic market and eventually access global capital markets.

What happened: - NIMB Ace Capital Limited and Momo VC signed a memorandum of understanding to jointly establish and co-manage a Nepal-focused PE/VC investment fund. - The proposed fund is Nepal-domiciled and has a target size of $30 million, subject to regulatory approvals and final investment agreements. - The fund will invest in companies incorporated and operating in Nepal, with a focus on scalable businesses and emerging sectors. - NIMB Ace Capital will act as fund manager. - Momo VC will serve as operating partner and/or general partner.

The details: - The fund will prioritize high-growth businesses, technology-driven enterprises and technology-enabled companies with regional and international expansion potential. - The collaboration combines NIMB Ace Capital’s investment management and capital markets experience with Momo VC’s venture investing, startup ecosystem development and diaspora engagement. - Momo VC will support fundraising and investor outreach, especially among the Nepali diaspora in the United States and beyond. - The partners set a target of mobilizing $10 million within a mutually agreed timeline from diaspora and other investors. - The partnership will also identify investment opportunities in SMEs, technology and technology-enabled businesses with long-term growth potential. - Both organizations will jointly handle branding, public relations and outreach for the fund and future portfolio companies. - The partnership is meant to strengthen the visibility and credibility of the fund among investors and stakeholders in Nepal and internationally.

Between the lines: - The deal reflects a bet that Nepal’s private investment market can be made more structured and accessible with the right mix of local fund management and diaspora capital. - The emphasis on mentorship and cross-functional collaboration signals that the firms want more than capital alone; they are trying to build an ecosystem around portfolio companies. - The partnership also positions Nepal’s entrepreneurial base as a potential source of businesses that can compete regionally and globally.

What’s next: - The parties said they will announce further details on the fund structure, governance framework, investment strategy and launch timeline in the coming months. - The proposed fund still depends on regulatory approvals and final investment agreements before launch. - The partners are expected to continue fundraising and investor outreach as they work toward the $10 million mobilization target.

The bottom line: - NIMB Ace Capital and Momo VC are trying to turn Nepal’s startup and SME potential into a formal investment vehicle backed by institutional and diaspora capital.