Veteran early-stage investment house SJF Ventures has closed its biggest fund yet after bringing in $175m for the final close of the vehicle.
SJF Ventures V is a good stretch larger than the firm’s $125m predecessor fund closed five years ago, and almost double the size of its $90m Fund III from 2013.
The firm targets deals across a plethora of sectors, including clean energy and climate, circular economy and logistics, mobility and govtech, health, education, future of work, and sustainable food.
SJF has backed 70 portfolio businesses since it was founded in 1999, including solar tracking systems provider Nextracker, mobile phone recycler HYLA and e-commerce logistics business ShipMonk.
The firm is also a co-founder of Impact Capital Managers, a network of 57 impact-focused venture capital and private equity funds representing $12bn in assets under management.
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