CDFI Fund programs received $230.5 million in appropriations as President Obama signed into law the FY 2015 Omnibus spending bill. The CDFI Fund programs appropriation has $152.4 million set aside for Financial and technical Assistance grants and $22 million for the…
Optoro Inc., a cloud-based technology company that enables retailers and manufacturers to increase their revenue from returned and excess inventory, today announced that it has closed a $50 million Series C funding. The funding round was led by Kleiner Perkins…
NewBank, a portfolio investment of East Coast Capital Holdings, a CDVCA member investment fund, received the FY 2014 Pinnacle Award by the Small Business Administration for making the most ‘7a/504’ loans.
Bill Gates has made an investment in Unitus Seed, an impact investment fund that focuses on Indian social enterprises, taking for the first the equity route to help drive social and economic change in India. The co-founder of Microsoft, who…
Coastal Ventures’ portfolio company, SmartPak, saw a successful exit through acquisition by Henry Schein, Inc. (NASDAQ: HSIC), the world’s largest provider of health care products and services to office-based dental, animal health and medical practitioners. Its U.S. Animal Health business,…
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2014 round of the New Markets Tax Credit Program (NMTC Program). The NOAA makes…
CDVCA supports the ‘Small Business Access to Capital Act of 2014’ bill for its potential to stimulate job creation across the states by making available much needed capital to small businesses and leveraging private capital. CDVCA from its experience managing…
Staff members from the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency (OCC) (collectively, the agencies) are hosting a discussion of the revisions to the “Interagency…
Washington DC, June 25, 2014 Transform Finance Investor Network Launches With Pledge of $556 million “Transformative” Investments at White House Event A group of leading private sector investors, at a high‐level roundtable on impact investing convened by the White House, has pledged $556 …
