SJF Ventures conducted the final closing on itsÂ third fund with more than $90MM in capital commitments, tripling the size of the previousÂ $28MM second fund. The target for SJF Ventures III was $75MM and the fund was substantiallyÂ oversubscribed at its final April closing. â€œWe are honored that so many investors choose to join our partnership,â€ said David Kirkpatrick, SJF Managing Director and Coâ€Founder. â€œWe areÂ particularly excited that a wide variety of bank, insurance, foundation, family office, pension,Â mutual fund, and individual investors have recognized that SJFâ€™s impact investing strategy canÂ yield above market financial and mission results.â€ SJFâ€™s current, second fund is performing inÂ the top quartile all US venture capital funds of its vintage year.
SJF Ventures invests in high growth, positive impact companies seeking expansion capital roundsÂ of $1MM to $10MM. SJF has invested in 36 portfolio companies over the last decade. â€œWeÂ realize SJFâ€™s success is due to the exceptional results achieved by our portfolio companies such asÂ Aseptia, BioSurplus, CleanScapes, Community Energy, eRecyclingCorps, Fieldview, Optoro,Â MediaMath, MedPage Today, and ServiceChannel,â€ said David Griest, SJF Managing Director.Â â€œWe are eager to find the next set of great entrepreneurs for our third fund.â€