The term Nano gap was coined by accounting firm Deloitte in around 2010 to describe the shortage of capital to fund the retirement of baby-boomer entrepreneurs seeking to sell their small, medium enterprises (SMEs).In the Deloitte report: “Micro-cap typically refers to those companies with an equity value of less than $250 million. Nano-cap is another term that is used to refer to companies with a value of less than $10 million.”
For futher reading : deloitte-makingamarketformicrocap1005112-130727190958-phpapp02
Let us know if this is relevant in 2017-18 in growth markets. Should SME focussed funds turn their attention to nanogap financing ?