Displaying the ‘CDVCA Ventures Blog’ Category:
CDVCA member fund Bridges Ventures has released a few short films of four of their portfolio companies: The Gym Group (Sustainable Growth Fund II) WholeBake (Sustainable Growth Fund III) Edmund Street (Bridges Sustainable Property Fund) The Old Vinyl Factory (Bridges Property Alternatives Fund III) https://www.youtube.com/watch?v=nZ2LGwNsHKg https://www.youtube.com/watch?v=aRkRXMMf6uY https://www.youtube.com/watch?v=L00Oi5HvGA4 https://www.youtube.com/watch?v=oEJLDOwo9iI
Cambridge Associates, a global investment firm, in partnership with the Global Impact Investing Network, introduced a report containing findings from the first comprehensive analysis of the financial performance of market rate private equity and venture capital impact investing funds. Despite a perception that impact investing means concessionary returns, the Impact Investing Benchmark has exhibited strong performance of impact investment funds over time. View the report here.
The Ewing Marion Kauffman Foundation shared a finding that a main source of equity financing for new firms is VCs. The finding reports that venture-backed companies have faster employee growth, greater sales, and faster sales growth. These companies also professionalize earlier, have an increased likelihood of an Initial Public Offering (IPO), and have greater post-IPO survival rates. Read more.
Bridges Ventures, which manages several community development venture capital funds that are members of CDVCA, has closed on a real estate investment fund, Bridges Property Alternatives Fund III, with equity commitments of £212m – ahead of its original £200m target. The fund will focus on investments in low-income communities in the UK. This is the largest fund the firm has raised for any investment strategy to date. The Fund invests in direct property and property-backed businesses, focusing on regeneration areas, buildings showing environmental leadership, and niche sectors being affected by changing demographics and consumer needs – including healthcare, education, SME business space and affordable residential accommodation. Since its first close on more than £120m of equity commitments in April 2014, the Fund has successfully completed six deals in less than a year. Following these deals, about 40% of the Fund's capital has already been invested and committed. Read more.
SJF Ventures has announced its investment in California-based Raise.me, a company that empowers students to earn “micro-scholarships” throughout high school for their individual achievements. For higher-education professionals in admissions, financial aid or enrollment, Raise.me is a new way to get the word out about their schools and scholarships. It also allows them to connect with and attract a more diverse range of prospective students, including from populations that are underrepresented on their campuses. Read more.
CDVCA member fund Bridges Ventures recently announced its first investment in the United States with Springboard Education, a provider of affordable before- and after-school educational programming to 6,000 children at 52 public and charter schools. In addition to the financial investment, Bridges Ventures will also bring in experienced educators to the board of directors, help recruit additional team members, create opportunities for new school partnerships, and increase scholarships for disadvantaged students. Overall, the investment in Springboard Education will help increase accessibility to its programs, allowing tens of thousands of children cross the U.S. to be served. This first investment by Bridges' U.S. office builds on over a decade long's focus on education-sector investment by Bridges Ventures' principles in the U.S. and the U.K. Read more.
Ira Ehrenpreis and Nancy Pfund, two early investors in Tesla Motors Inc., have raised a $400 million venture capital fund as part of San Francisco venture firm DBL Partners. DBL and its predecessor fund, J.P. Morgan Bay Area Equity Fund, invested early in companies such as Tesla and Pandora Media. DBL’s definition of social impact is open-ended, from a commitment to diversity–three of the five startups the new fund already backed are founded by women, for example, to producing clean energy, to enabling reuse of materials in a supply chain, to creating employment in economically depressed locations. DBL will use the new fund to make investments of about $10 million to $20 million per company, in a variety of sectors, including clean tech, health care and information technology. Ms. Pfund said that most investments will be for early-stage startups. Read more.
The F.B. Heron Foundation’s President Clara Miller discusses the Foundation's evolution and common myths we see in the social sector. Myth #1: The social sector can solve the large-scale, systemic, and urgent problems that society faces. Myth #2: Investors, and the money that they provide to enterprises, are the prime agents of social impact. Myth #3: Our primary path to success will be as a uniquely insightful, highly targeted, “but-for” donor/investor. Read more.
Global Finance sat down with Ommeed Sathe, vice president and head of impact investing at Newark, New Jersey-based insurer Prudential Financial, to discuss how corporate social responsibility and profitable investing can go hand in hand. Sathe discussed his strategy and organization, the distinction between socially responsible investing and impact investing, and financial returns. Read more.
Former Peace Corp volunteer turned investment banker, Jennifer Pryce, who is now democratizing and innovating the impact investing space, launched Vested.org last year, so anyone with $20 and an internet connection can be an impact investor. Calvert Foundation pools the money to provide low-cost loans, in turn helping a daycare center owner in Illinois expand her business, an Ethiopian farmer buy a cow or a woman in rural India get cataract surgery. Read more.