Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Aid Beyond Trade-offs Impact en las Americas New Revivalists Women Rising in India Operation Impact
Smarter Money Women Rising 2030 Finance Locavesting Inclusive Economy Regeneration Impact Tech New Power Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Industry News Impact Management Good Business Personal Finance Faith and investing Billionaires
Gender Lens Investing Women Rising in India
SDGs Climate Finance Clean Energy Innovative Finance Full Stack Capital Long-termism
Opportunity Zones Investing in place
Entrepreneurship Return on Inclusion Good Jobs Inclusive Fintech Creative economy Housing New Schooled Well Being People on the Move
Conservation Finance Farmer Finance Financing Fish
Blockchain/AI/IoT Urban Tech Food Tech Inclusive Fintech
Human Rights Democracy and Peace News and Information
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States Growth Markets
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

LISC commits to SustainVC’s second impact-driven startup fund



ImpactAlpha, April 17 – Local Initiatives Support Corporation (LISC) is pulling capital from the treasury side of its business to back impact venture capital firm SustainVC. The 40-year-old community development financial institution is investing $1 million in Sustain VC’s second impact fund for social- and environmentally-driven startups.

LISC’s commitment to SustainVC is part of an initial $15 million strategy to align the organization’s investments with its organizational mission, which has made $20 billion in grants, loans and equity investments in underserved communities across the U.S.

SustainVC: Ten lessons from ten years of early-stage impact investing

“We are utilizing capital traditionally associated with conventional financial instruments to invest in impact-focused funds that actively promote quality jobs, healthy communities and a strong financial return,” LISC’s Maurice Jones said.

SustainVC Impact Fund II has a target fundraising goal of $25 million, half of which will be invested in women- and minority-owned businesses. Its impact targets include reducing carbon emissions by 100 million pounds annually and supporting 1,000 jobs. 

You might also like...