Desert Forge Ventures was launched in May 2025 by former UNLV President Len Jessup to transform Las Vegas into a nationally recognized innovation hub. The firm invests $50K–$500K in Nevada-based early-stage tech and biotech companies.
DFV partners with the Governor's Office of Economic Development, which committed up to $10 million in matching funds (two $5M tranches). The fund has attracted a dozen initial investors from the Las Vegas Valley, with a minimum investment of $200K.
The first investment was WAVR Technologies (water-from-air technology born from UNLV's Da Kine Lab), exemplifying DFV's focus on commercializing university research. The fund bridges UNLV's research excellence with venture capital to build and diversify Las Vegas's economy.
Las Vegas, NV, USA
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