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…

We are pleased to welcome Anthony L. Williams as the newest board member of CDVCA. Anthony has over 20 years of experience in venture capital, law, and economic development. He is Vice President of the Meridian Management Group, Inc. (MMG), a leading investor in businesses in Baltimore…

CDVCA extends our sincere appreciation to Stanley Tucker for his dedicated service as a member of our Board of Directors for more than a decade.  As President, Chief Executive Officer, and co-founder of the Meridian Management Group, Inc. (MMG), Stanley’s commitment to investing in diverse founders and advancing equitable economic opportunity has helped…

CDVCA invests in Goodwrx, a Las Vegas-based company that has developed an app that allows workers in the entertainment industry to increase their weekly hours and compensation with flexibility and pay transparency. Workers become Goodwrx W-2 employees, which provides them job stability along with healthcare and other benefits through the company’s Collective Bargaining Agreements negotiated with area employers. Goodwrx’s founder is, himself, a…

Excell NY, an investee of CDVCA’s Innovate NY Fund located in Rochester, NY, has invested in Construction Robotics. The company, based in Victor, Monroe County, NY, designs and manufactures lift-assistance robotic equipment that increases efficiency on construction sites while reducing…

Congratulations to SJF Ventures on its 25th Anniversary.  CDVCA’s Central Fund invested in SJF Ventures II in 2003. CDVCA’s President, Kerwin Tesdell, attended a day-long gathering in New York of SJF portfolio companies, limited partners and other friends for a…

The Community Development Venture Capital Alliance (CDVCA) recently hosted its 4th Unlock Capital – Puerto Rico Investor Showcase, where 10 companies spanning health care, technology, manufacturing, and consumer products pitched to investors and advisers. The event connected early-stage ventures with…