Last week CDVCA hosted an event about the State Small Business Credit Initiative – SSBCI – How to Raise Capital and Engage with the $10B Treasury Program. Karl Fooks, Outreach Manager, US Treasuries SSBCI Program, and a specialist and SSBCI VC Fund Technical Expert, presented CDVCA Peer Group fund managers with…
We were in touch with several CDVCA member funds this weekend whose portfolio companies have deposits at Silicon Valley Bank, or even have deposits there themselves. It has been stressful for many portfolio companies and their employees, as well as for the…
The CDFI Fund has announced the launch of the new CDFI Certification Application will be postponed beyond the previously announced April 2023 timeline. The current pause on CDFI Certification Application submissions will remain in effect during this time. The CDFI…
Jodie Harris, Director of the CDFI Fund, will be stepping down from her role in April 2023 to serve as President of the Philadelphia Industrial Development Corporation (PIDC). She has acted as CDFI Fund Director for the last 4 years.…
CDVCA is pleased to announce our investment in Skootel went live on Business Wire today. Skootel is a Puerto Rico-based start-up company that enables users to rent scooters and bikes by the minute through an app. This CDVCA investment will…
CDVCA is pleased to announce our investment in Meredian Bioplastics, which creates sustainable, natural ways to make beverage and food packaging products that are safer and healthier than traditional plastic. Meredian’s renewable and sustainable biopolymers have helped create plastic products that are biodegradable…
CDVCA is pleased to announce an investment in Beehive Industries, a Lincoln, Nebraska-based software company providing powerful digital solutions tailored for ease of deployment and user adoption. The company provides software via a SaaS model for asset management, maintenance management and utility billing to public entities at…
CDVCA is pleased to announce an investment in Clean Slate, a Nebraska-based prepared meal delivery service company. Clean State serves the midwestern market with a focus on healthy, sustainable, plant-based offerings at a competitive price point. The company is headquartered in a low-income community in North Omaha, where it provides good…
CDVCA is pleased to announce an investment in Leading Edge Hydraulics, a Rockford, IL manufacturer of fluid conveyance systems for use in equipment and heavy machinery in the agricultural, construction, material handling, mining, forestry, groundskeeping, transportation, and alternative energy industries.…
Congratulations to CDVCA Puerto Rico Fund for Growth portfolio fund Semillero Partners, LLC and its portfolio company PRoduce’s Crystal Díaz who is featured in Fast Company’s Most Creative People in Business 2022 online and in the September issue of Fast Company. Díaz co-founded Produce in 2018 to give consumers and professional chefs…