SJF Ventures Raises $90MM Third Fund, Tripling Size of Previous Fund

Jay Owen SRI/ESG News

SJF Ventures Raises $90MM Third Fund,

Tripling Size of Previous Fund

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SJF Ventures conducted the final closing on its third fund with more than $90MM in capital commitments, tripling the size of the previous $28MM second fund.   The target for SJF Ventures III was $75MM and the fund was substantially oversubscribed at its final April closing.   “We are honored that so many investors choose to join our partnership,” said David Kirkpatrick, SJF Managing Director and Co-Founder.   “We are particularly excited that a wide variety of bank, insurance, foundation, family office, pension, mutual fund, and individual investors have recognized that SJF’s impact investing strategy can yield above market financial and mission results.”   SJF’s current, second fund is performing in the top quartile all US venture capital funds of its vintage year.

SJF Ventures invests in high growth, positive impact companies seeking expansion capital rounds of $1MM to $10MM.   SJF has invested in 36 portfolio companies over the last decade.   “We realize SJF’s success is due to the exceptional results achieved by our portfolio companies such as Aseptia, BioSurplus, CleanScapes, Community Energy, eRecyclingCorps, Fieldview, Optoro, MediaMath, MedPage Today, and ServiceChannel,” said David Griest, SJF Managing Director.   “We are eager to find the next set of great entrepreneurs for our third fund.”


SJF Ventures has a team of six senior investment professionals, based in offices in Durham, NC, New York and San Francisco, and invests nationwide. SJF has particular expertise and focus on the asset recovery, recycling & reverse logistics, energy & resource efficiency, intelligent infrastructure, sustainable agriculture and food, education, health and wellness sectors.


Investors in SJF Ventures III include banks such as Citi, Deutsche Bank and State Street Bank; the endowments of the Annie E. Casey, F. B. Heron, Hull Family, Jesse Smith Noyes, and Park Foundations and the Wallace Global Fund; insurances and financial services firms MetLife and Prudential Financial, Inc.; mutual and pension funds Calvert Equity Portfolio and MMBB Financial Services; Investors’ Circle members; family offices including Armonia, the Gary Community Investment Company and OpenBox; and clients of Abacus Wealth Partners, Athena Capital Advisors, Ballentine Partners, Cambridge Associates, the CAPROCK Group, Effective Assets, Federal Street Advisors, Filament Advisors, ImpactAssets, Imprint Capital, Mercer Consulting, Natural Investments, Threshold Group LLC, Trillium Asset Management, Veris Wealth, and Watershed Capital. Morgan, Lewis & Bockius LLP acted as legal advisor to SJF Ventures.


See full Press Release


<strong class='StrictlyAutoTagBold'>SJF</strong> Ventures_new logo” src=”” width=”65″ height=”111″ name=”13e67e07a901b5a7_ACCOUNT.IMAGE.195″ align=”left” hspace=”5″ vspace=”5″ /><span style=SJF Ventures is a venture capital fund focused on delivering superior financial returns through investments in high-growth, positive impact companies. SJF has a fourteen-year successful record of assisting visionary and talented management teams in building industry-leading firms. SJF provides strong expertise and networks in the cleantech, sustainability and tech-enhanced services sectors. SJF Ventures aligns best with companies generating $1 to $20 million in revenue seeking expansion equity capital of $1 to $10 million. SJF Institute is an associated nonprofit that connects, inspires and accelerates impact entrepreneurs and the fields that support them.  Over the last ten years, SJF has assisted 1,500 entrepreneurial companies through workshops and direct advisory services. Investors’ Circle, (an affiliate of SJF Institute), is a network of angel investors, professional venture capitalists, foundations and family offices that are using private capital to promote the transition to a sustainable economy. IC has propelled $152 million plus $4 billion in follow-on investment into 255 enterprises and funds dedicated to improving the environment, education, health, and community.