NoBa Capital

Founding Partners Kevin Fuller and Vanesa Pazos jointly lead the firm's investment activities. NoBa's website presents them as the primary decision-makers, supported by a network of advisors and a Venture Partner. The firm has not publicly disclosed an investment committee or additional in-house investment partners.

NoBa funnels deal origination through its internal 'Spark' studio, which works with founders from the idea stage before a company formally raises. This gives the firm early visibility on teams and products, effectively acting as an incubator that feeds its pre-seed and seed programs. The firm's stated community of advisors and portfolio founders also supports referrals.

NoBa is structured as an asset manager, not a family office. It operates as an early-stage venture capital firm raising external capital, though it has not publicly disclosed its limited partners. Its internal programs and staged investment approach resemble a venture studio model but sit within a standard asset-management setup.

The firm's public materials describe only direct investments into early-stage companies, from idea incubation through seed-stage lead checks. NoBa has not disclosed any fund-of-funds activity or LP commitments to other venture managers.

NoBa's framework covers idea-to-launch incubation (Spark), pre-seed (Elevate), and seed-stage rounds, including leading rounds (Scale). The firm enters before institutional Series A and focuses on hands-on operational support alongside capital in the earliest phases of a company's life.