Venture capital firm SJF Ventures has raised $125 million for its fourth oversubscribed fund, SJV Ventures IV, surpassing its $100 million target, the company announced.
Limited partners subscribing to the fund include more than two dozen foundation endowments, along with leading family offices, funds of funds, pensions and impact investors. SJF typically invests between $3 and $10 million into expansion-stage companies.
“The oversubscribed fund will build on proven impact investment strategies from three previous SJF funds that have delivered superior financial returns and driven sizable positive impacts in clean energy and climate change mitigation, asset recovery and recycling, sustainable food and agriculture, education, health and wellness, and quality job creation,” according to a company statement.
Founded in 1999, SJF Ventures has invested in 52 portfolio companies across three funds. The companies involved in food and agriculture industries include Vital Farms, the largest provider of pasture-raised eggs and poultry in the US; Aseptia, a sustainable food processing tech company; Living Earth and CleanScapes, focused on organic waste and recycling; organic pizza maker Rustic Crust; and BB Hobbs, an irrigation, fertigation and wastewater company.