The Community Development Venture Capital Alliance

About The Fund

The Community Development Venture Capital Alliance (CDVCA) is a pioneering entity in the field of community development venture capital investing. Since its inception in 1993 and incorporation as a not-for-profit in 1995, CDVCA has been steadfast in its mission to support under-served communities by providing equity capital to businesses that stimulate economic growth within these areas. The organization operates with the principle that equitable financial investment and support can lead to the creation of good jobs, wealth, and foster entrepreneurial capacity in markets that traditionally lack access to commercial capital. With a focused investment on AR/VR industries, among others, CDVCA stands out for its unique approach to marrying market-rate financial returns with socially responsible investment strategies. Their investment range lies around $31 million, indicating a commitment to making significant and impactful investments. CDVCA extends beyond financial investment by offering advocacy, education, and communications services, and is particularly known for its role in promoting best practices within the CDVC field through conferences and workshops. Furthermore, they provide consulting services and technical assistance, drawing on an extensive well of expertise to support CDVC funds. Current initiatives include managing Central Fund and Direct Investments, the Innovate NY Fund, and the Puerto Rico Fund for Growth. Their website highlights recent successes such as investments in the healthy snack leader 88 Acres, EV charging industry's OpConnect, and the industrial design and manufacturing sector's Global Polymer Industries, Inc. Notwithstanding its focus on financial outcomes, CDVCA is equally attentive to inclusivity and non-discrimination, as cemented in their policies and practices. The CDVCA stands out as an advocate and enabler for economic development and entrepreneurship in markets often overlooked by traditional capital avenues.