Industry News: The 22 Fund, a community development venture capital fund based in Los Angeles, has announced additional investments of $5 million from BMO Bank N.A. and $3 million from City National Bank, which joined such investors as the Annie E. Casey Foundation and Bank of America in the fund. Fundraising for this fund is now closed. The 22 Fund invests in innovative, climate-tech manufacturing companies to increase international sales and create clean, high-quality jobs of the future in underserved and low-income communities. To learn more, visit the22fund.com.
