NCIC Tech Fund I

NCIC Tech Fund I is the equity vehicle of New Canaan Impact Capital, a merchant bank in Spartanburg, South Carolina that invests directly and syndicates through broker-dealer partner Carofin. The fund backs innovations addressing real-world challenges, with a stated emphasis on intellectual property, and applies an industry-agnostic screen.

Targets are companies with revenue from zero to $20 million and EBITDA from negative to $4 million, held over a three-to-five-year horizon for a 7x to 10x return. The fund uses preferred structures including convertible debt and SAFE notes, writing direct checks of $25,000 to $500,000 and syndicated rounds of $2 million to $30 million; its sibling vehicles are NCIC Liquid Fund I and NCIC Real Estate Fund I.