On June 19th, SJF Ventures III invested $1.5 million in BioSurplus, a company providing turnkey services for managing the entire life cycle of used laboratory instruments in the life sciences industry. On February 2012, SJF Ventures launched SJF Ventures III, LP, with $33 million in capital commitments. Citi Community Capital led the initial closing which also included Deutsche Bank, Calvert Equity Portfolio, Armonia, Abacus Sustainable Fund, Trillium Asset Management LLC, The CAPROCK Group, OpenBox, ImpactAssets and multiple family and individuals investors.
The launch of the fund generated significant positive press as the first national Impact Investment SBIC to be licensed by the U.S. Small Business Administration: Article Here. As a reminder, SJF Ventures III invests in high-growth companies generating positive social and environmental impacts. Target companies are generating significant revenues and fall within SJF’s areas of focus: efficiency and infrastructure, reuse and recycling, sustainable agriculture and food safety, and technology-enhanced services.
