DBL Partners has closed its third impact fund at $400m.
DBL Partners III makes investments with a “no sacrifices” approach this meaning having a positive social, environmental or regional economic impact without compromising financial returns.
The fund focuses on sustainable energy, products and services, digital media and imaging, health care, and IT. It has already invested in five new companies to date since its first close in December 2014.
Based in San Francisco and Palo Alto, the firm is led by Nancy Pfund, Managing Partner and Founder, and Ira Ehrenpreis, Managing Partner and Founder, Senior Partner Cynthia Ringo and Partners Mark Perutz and Marc van den Berg, a team with a 10-year history of collaboration and co-investment, including in Pandora Media (NYSE: P), SolarCity (NASDAQ: SCTY), Tesla Motors (NASDAQ: TSLA), Revolution Foods, SpaceX and many others.
FinSMEs
24/06/2015