Industry News: Pace AI, a portfolio company of CDVCA’s member fund JFF Ventures, has announced a new partnership with Independent Electrical Contractors, Inc. (IEC) to expand access to apprenticeship opportunities in the electrical trades. Headquartered in Palo Alto, CA, Pace AI develops…
Industry News: CEI Ventures, Inc, a community development venture capital fund based in Maine, has joined a $2.65 million Series A funding round in North Spore, a Maine-based mushroom company committed to making the world of mushrooms accessible to all. Other investors in this round include Maine Venture…
Natural Fiber Welding, Inc. (NFW), a portfolio company of CDVCA, has been recognized by TIME magazine’s Top 100 GreenTech Companies. NFW is a pioneer in creating high-performance, plant-based materials capable of replacing entire categories of plastics and petrochemical-based materials without…
CDVCA is pleased to announce our investment in Nature Coatings, which produces BioBlack, a sustainably produced, nontoxic, and carbon-negative pigment derived from wood and paper waste, replacing Carbon Black derived from fossil fuels. Nature Coatings provides high performance, cost competitive pigments to industries including cosmetics, textiles, paints, and coatings. Nature Coatings is based in a low-income community. This investment supports…
CDVCA is pleased to announce our investment in Repurpose, a national purveyor of high quality, certified compostable household goods including plates, cutlery, and straws. Repurpose is located in a low-income community of Los Angeles, where to provides good job opportunities to area residents. Repurposes’ mission is to get rid of plastic and make sustainability more convenient…
CDVCA is pleased to announce our investment in Journey Foods, which provides an AI-powered platform that allows food manufacturers to make smarter decisions on product development and ingredient sourcing, reducing R&D time and improving formulation efficiency. Journey Food’s platform enables…
The Community Development Venture Capital Alliance (CDVCA) and the New Orleans BioFund, part of the New Orleans BioInnovation Center (NOBIC), have both invested in two bioscience companies expanding operations in New Orleans neighborhoods where impact capital can make an outsized difference. The two venture funds co-invested…
We are pleased to announce that the Community Development Venture Capital Alliance (CDVCA) has received a $50 million New Markets Tax Credit (NMTC) allocation from the U.S. Department of the Treasury to support economic growth and community revitalization nationwide. CDVCA will use…
Excell Partners, based in Rochester, NY, made a Series A round investment in ZetaGen Therapeutics Inc.’s (ZetaGen), as a follow-on investment. ZetaGen, a Syracuse, NY-based clinical-stage biopharmaceutical company seeks to stop cancer from growing or spreading by targeting certain biological pathways in the body. This investment will support ZetaGen’s continued R&D efforts and create job opportunities…
CDVCA made an investment in Kinectify, a Las Vegas–based company that has automated anti-money laundering compliance for the gaming industry. This investment will allow Kinectify to provide stable employment opportunities within the Las Vegas community and aligns with CDVCA’s mission…