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Delaware Community Investment Venture Fund

vc$3M

◆ Fund Size

$3M

◆ Check Size

$0.3M→$0.0M

◆ Location

United States

◆ Portfolio

7 companies

◆ Activity

Statusraising

◆ Links

Website ↗@delaware_gov on X ↗

◆ Share this fund

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◆ Investment Thesis

The Delaware Community Investment Venture Fund (DCIVF) provides funding opportunities for banking organizations, credit unions, and Community Development Financial Institutions (CDFIs) doing business in Delaware to better serve the needs of low- to moderate-income census tracts within the state, by investing in financial product innovations that enhance access to capital and financial services for businesses in underserved communities.

◆ About Delaware Community Investment Venture Fund

The Delaware Community Investment Venture Fund was created in 2023 by the General Assembly to help small businesses and entrepreneurs by providing access to capital, particularly for those traditionally denied loans.

◆ Sectors

Fintechsmall business lendingcommunity finance

◆ Stages

seed

◆ Geography Focus

United States

◆ Team

NameTitleRoleLinks
Robert GlenState Bank Examiner—

◆ Notable Investments

Bronze ValleyCommunity Bank DelawareNeighborGood PartnersPursuit Community FinanceREDF Impact Investing FundStepping Stones Federal Credit UnionTrue Access CapitalSeven banking organizations awarded a cumulative $3,480,000 in first-round grantsLauncher program participants receiving loans up to $10,000Neoteric Vitality Primary Care and AestheticsPursuit LendingSmall business and entrepreneur support programs in Delaware

◆ FAQ

What does Delaware Community Investment Venture Fund invest in?

Delaware Community Investment Venture Fund invests in Fintech, small business lending and community finance at the seed stage.

Which geographies does Delaware Community Investment Venture Fund focus on?

Delaware Community Investment Venture Fund focuses on United States, and is headquartered in United States.

What is Delaware Community Investment Venture Fund's typical check size?

Delaware Community Investment Venture Fund typically writes checks of $0.3M to $0.0M.