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…
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.…
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…
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…
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,…
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…
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,…
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…
Merrill Lynch has announced that it is launching a multi-asset class portfolio aimed at clients interested in impact investing. The portfolios seek to deliver market-rate returns as well as social rewards. “Clients are telling us they want their portfolios to…
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today a national listening tour to solicit public opinion regarding a new strategic framework for the CDFI Fund. The CDFI Fund is particularly interested in hearing…