New CDVCA Website Coming Soon!
Fund Name: Impact Seven, Inc.
Target Regions/States for Investment: Wisconsin
Website (for more information): http://www.impactseven.org/index.php
Overview: As one of the oldest and most accomplished community development corporations in the country, Impact Seven has been able to capitalize a Venture Capital Fund from its own retained earnings, investment income, and other sources, giving it a powerful economic development tool to foster growth and innovation. The availability of equity financing is often identified as the key to strong economic growth, yet Wisconsin typically ranks near the bottom nationally in terms of the amount of venture capital injected into its businesses. Impact Seven’s Venture Capital Fund is one of the few such funds in Wisconsin, and although the amount of money available varies depending Impact Seven’s activities, the fund has been used to inject from $50,000 to more than $1 million into growing businesses.