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…
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.…
Excell Technology Ventures, a community development venture capital firm based in Rochester, NY, has invested a total of $1.85 million in three early-stage life sciences startups through the Upstate Biotech Venture Fund (UBV), a collaborative fund launched in partnership with…
Boot64 Ventures, a CDVCA member fund based in Louisiana, participated in NOLA AI’s $1 million seed round as a follow-on investment. NOLA AI, an AI optimization technology company headquartered in New Orleans, is making headlines with its Atomic Speed whitepaper…
Morro Ventures, a community development venture capital fund based in Puerto Rico, made a follow-on investment as part of an extended Series A bridge financing round in Wisboo, an Argentina-based platform that offers independent educational creators a place to launch…
Boot64 Ventures, a CDVCA member fund located in Louisiana, led a $350,000 pre-seed investment in Dreamland Koffucha, a New Orleans-based beverage company producing a line of fermented sparkling coffee. The round included participation from the New Orleans Startup Fund, Propeller…
Sienna Naturals, a portfolio company of CDVCA member fund The 22 Fund and co-founded by actress Issa Rae, has been recognized by multiple outlets for their product performance in 2025. Sienna Naturals’ H.A.P.I Shampoo was named Best Shampoo for Natural Hair by Cosmopolitan, as…
Three Roots Capital, a CDVCA member fund located in Tennessee, invested in Blank Beauty, a beauty-tech company that combines AI color science with a patented micro-dosing system to create precision-matched highly personalized formulations for beauty products. Blank Beauty seeks to create…