Numen Ventures

About Us

How Numen works, and who you work with

A venture studio and seed fund for startups entering the U.S., from first pitch to Series A.

Team

Who you work with

Manoj Fernando in a fireside conversation on stage in front of a VentureDock backdrop.

Manoj Fernando on stage, in conversation.

Mentors

50+ Silicon Valley mentors

Mentor photos to follow.

Programs

Programs around the globe

Americas

  • Harrisburg University, MS Techpreneurship
  • KIC R2BD Program, UC Berkeley
  • Catholica University MBA
  • MeetLatam, multiple programs
  • Seed Accelerator

Europe

  • Mondragon University

Asia Pacific

  • KAIST University Fall Program
  • GyeongSan Innovation Academy
  • K-Greentech in Silicon Valley
  • K-Global Program (K-Pitch, I-Pitch)
  • KIC (Nesting, Soaring, Express)
  • K-Startup Grand Challenge (NIPA)
  • Korea Meteorological Society
  • NIPA
  • Busan CEI University Program
  • Bounce Busan
  • KITRI Entrepreneurship Program
  • KVIC Program
  • UniKamp KOTRA
  • Taiwan University

Business model

We fund and build at seed, then help secure U.S. Series A

  1. 01StartupsDiscovered, qualified, selected.
  2. 02Seed FundingNumen Ventures and other seed funds.
  3. 03U.S. Series APartial exit on funding.
  4. 04Series BFollow-on capital.
  5. 05M&A or IPOExit.

Studio-backed against traditional startups

Studio-backed against traditional startups, comparing Traditional startups with Studio-backed startups
MeasureTraditional startupsStudio-backed startups
Average IRR21%53%
Time from zero to seed36 months10.7 months
Time from zero to Series A56 months25.2 months
Time from seed to Series A20 months14.5 months
higher success rate for studio-backed startups
30%higher success rate for studio-backed startups
of studio-backed startups raise a seed round
84%of studio-backed startups raise a seed round
reach Series A, against 42% for typical businesses
72%reach Series A, against 42% for typical businesses