Category: Member News

Innovate fund Incubator Lab wins big in Worlds Largest Business Competition

Innovate fund Incubator Lab wins big in Worlds Largest Business Competition

On October 29th 2015, two Innovate fund investments were named winners of the World’s Largest Business Idea Competition, “43North“, in which $5mm is awarded to 11 businesses as $250K-$1M investments along with business support. The business support ranges from mentoring advice from seasoned professionals in related fields, free incubator space in Buffalo for a year,…

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Bridges Ventures Investment Goes Public

Bridges Ventures Investment Goes Public

On Monday November 9th, The Gym Group, a portfolio company of Bridges Ventures Sustainable Growth Fund II (Bridges II), made an initial public offering of its stock on the London Stock Exchange, at a valuation of £250million. The Gym’s shares rose to 204¼p on its first day of trading, or 5% above the 195p issuance price.

Pacific Community Ventures Hires New CEO

Pacific Community Ventures Hires New CEO

On Tuesday October 6th, Pacific Community Ventures sent out an introductory letter from their new CEO. Mary Jo Cook joins Pacific Joint Ventures from Fair Trade USA. A Mission driven leader with 25 years of experience in strategy development for the non-profit sector, Ms Cook has a track record of enabling organizational change, and driving…

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DC Community Ventures Provides Quasi-Equity Loan to JRINK

DC Community Ventures Provides Quasi-Equity Loan to JRINK

DC Community Ventures (DCCV), a member CDVC fund based in Washington DC, announced that it has provided $400,000 in revenue-based financing to support the growth of JRINK. JRINK is a leading cold pressed drink company offering a wide selection of healthy drinks to the nation’s capital region.  JRINK will use the capital for additional locations, technology investment…

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Bridges Ventures receives top grade from UN PRI

Bridges Ventures receives top grade from UN PRI

Member CDVC fund Bridges Ventures has been awarded the highest rating of A+ for its overall approach to responsible investment and its ESG practices in private equity. The PRI’s annual assessment process plays an important role in promoting best practice and transparency around ESG issues. Read more >>

Success of Three Early UK Social Impact Bonds

Success of Three Early UK Social Impact Bonds

Three early UK social impact bonds have been successful in paying back investors ahead of schedule. Two of the three SIBs, Career Connect and Teens & Toddlers, were backed by member CDVC fund Bridges Ventures and have been recommissioned for a second round. Andrew Levitt, investment director at Bridges Ventures and a board member for the…

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VIDEO: Bridges Ventures Portfolio Companies

VIDEO: Bridges Ventures Portfolio Companies

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)

Bridges Ventures Announces Final Close of Bridges Property Alternatives Fund III

Bridges Ventures Announces Final Close of Bridges Property Alternatives Fund III

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…

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SJF Ventures Invests in Raise.me

SJF Ventures Invests in Raise.me

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…

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Bridges Ventures Makes First U.S. Investment with Springboard Education

Bridges Ventures Makes First U.S. Investment with Springboard Education

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…

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