Marin Sonoma Impact Ventures closed MSIV Fund II with more than $11 million to invest in startups across Marin and Sonoma counties. The new fund more than doubles MSIV’s assets under management to over $17.7 million.
MSIV positions itself as a regional venture capital firm focused specifically on entrepreneurs and companies in the North Bay Area.
Fund II received commitments from 60 limited partners.
Approximately 98% of the capital came from residents or institutions based in Marin and Sonoma counties.
A majority of the largest limited partners in MSIV’s first fund also invested in Fund II.
Redwood Credit Union Community Fund committed $1 million to the new vehicle.
Across its two funds, MSIV now has support from 93 limited partners.
The firm’s venture capital operation has deployed more than $8.665 million into 22 Marin and Sonoma startups.
Fund I is fully deployed across 13 investments.
Fund II has already completed nine investments, including Gable, Lighthouse Pharmaceuticals, Lumo, OLarry, Skribe Medical, and Your360 AI.
KEY QUOTES:
“MSIV Fund II will build on the success of our debut fund and further advance our ‘Invest Local’ movement.”
Zachary Kushel, Founder and Managing Partner of Marin Sonoma Impact Ventures
“Investing locally does more than help individual businesses succeed. It strengthens the network of jobs, ideas, and opportunity that allows an entire region to thrive.”
Brett Martinez, President and CEO of Redwood Credit Union
