Impact Investing Gets Bigger With New $400M Venture Fund

June 30, 2015

Impact invest­ing funds are def­i­nitely grow­ing in stature.

Case in point: the close of a new $400 mil­lion double-​​bottom line ven­ture cap­i­tal fund from DBL Part­ners in San Fran­cisco, formed by two earlyTesla Motors TSLA –5.28% investors with a long-​​time inter­est in impact invest­ing. The founders also say it’s the largest social impact ven­ture fund in existence.

One of them is Nancy Pfund, who spun DBL Investors out of JP Mor­gan & Co. in 2008, rais­ing a $150 mil­lion fund two years later. Recently, she joined forces with Ira Ehren­preis, pre­vi­ously a gen­eral part­ner atTech­nol­ogy Part­ners, as well as with that firm’s clean tech prac­tice. Both are man­ag­ing partners.

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