Marin Sonoma Impact Ventures, a Corte Madera, CA-based venture capital firm, closed its Fund I, at $6.6M.
62 investors supported the fundraise including prominent North Bay CEOs, seasoned professional investors, serial startup founders, and public company executives and board chairs.
MSIV Fund I plans to make early-stage venture capital investments across sectors in companies that aim to grow and create jobs across Marin + Sonoma counties. The fund has completed four investments in local startup companies, which includes Corte Madera’s Finalis, Larkspur’s Novi, Santa Rosa’s Operant Networks, and Mill Valley’s NewRetirement.
The firm targets completing investments in 15 North Bay startup companies over the course of its three-year investment period.
Alongside its investment Fund, MSIV has spurred the creation of a Marin + Sonoma startup community, led by MSIV VP Community Elizabeth Murphy and MSIV Startup Advisor in Residence Mike P Lewis. The community includes the North Bay Founder Network, a first-of-its-kind peer and skill-building group that now supports more than 130 Founder/CEOs of early-stage Marin + Sonoma startups, and the MSIV Executive Network, a group of 42 local C-level executives from a diverse set of sectors and functions who are mentoring the next generation of North Bay entrepreneurs.
FinSMEs
21/12/2022