United States of America

Last updated 12 May 2020, by Impactyield.

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Fund geography

Global (48)

The VIC Venture Fund ("VVF") is a first time fund that follows on 10+ years of VIC Technology Venture Development ("VIC") investments in early stage companies that focus on disease prevention, diagnostics, and treatment with impact themes and IRIS metrics focused on those who otherwise would not have access. Each of the partners has better than 20 years investment experience in private equity, venture capital, public markets, hedge funds, and entrepreneurial ventures.

VVF maintains a competitive advantage and solves the challenges of effective impact investing by operating as part of an innovative, complete venture development ecosystem. Many VC firms, family offices, and individuals do not have the time, resources, knowledge, or team to screen a large number of technologies and determine which have the greatest likely impact plus commercial opportunity. VVF is part of a complete venture development ecosystem sourcing innovative technologies from over $65 billion federally sponsored university R&D. VVF has a science and engineering knowledge base and network to better evaluate and commercialize impact technologies.

VVF fund managers have deep experience with patents, product development, operations, sales/marketing, finance and leveraging non-dilutive government funds, to help portfolio companies achieve success. VIC is sourcing over 1500 investment opportunities per year and has 15 companies in the portfolio.

Financial description

The fund intends to invest in companies using preferred or common equity. Each company will have a major milestone expectation within 12 months and a path to exit within 5-10 years. The fund will also work with portfolio companies to access grant equity from government and other entities.
The fund will invest in intellectual property based companies at the pre-revenue stage. Most venture capital funds investing in these types of companies invest at the post-revenue stage. Lack of investor competition is expected to allow the fund to negotiate excellent investment terms that could lead to higher returns.

8 years

of track record


the year funded

50,000,000 USD


Asset manager

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Universal access to safe and nutritious food

Universal access to sexual and reproductive care, family planning and education

Achieve universal health coverage

Safe and affordable drinking water

Key performance indicators

Fund overview

Asset manager: VIC VENTURE FUND

Product track record: Fund has 8 years of track record

Target IRR: 25%

Committed Capital: 0 USD (US Dollar)

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:


Inception year: 2015

Vintage year: n.a.

Target region:

Target close date: 01/12/2015

Product term: n.a.

Assets under management: 50,000,000 USD (US Dollar)

Investment size: Min: 0; Max: 0; Avg: 0

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 0

Fund investments to date exited or repaid: 0

Management fee: 2%

Carried interest: 20%

Hurdle rate: n.a.

GIIN Investors' Council Investment: No

Limited Partners / Investors: n.a.

Limited Partner / Investor Type: n.a.


E-mail: n.a.


Phone number: 617-306-4512

If you wish to have your details removed from this database please email

Adam Jackson

Fund Manager

Calvin Goforth

Fund Manager

Charlie Hipwood

Fund Manager

Impact Performance


Impact thesis

Health Care – better access to disease prevention, diagnostics, and treatment for those who might not otherwise have access. Client/Individuals provided new access to healthcare. IRIS metrics such as Target Beneficiary Setting and Socioeconomic, very poor, rural, children, minorities, and client/individuals provided new access to healthcare.

Impact Management


Financial benchmark

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