Denver, Colorado. July 11, 2014 – Gov. John Hickenlooper joined Jim Kelly and Ryan Heckman of Excellere Partners earlier this week to launch Colorado Impact Fund, a $62 million fund created to provide greater access to capital to businesses and entrepreneurs in Colorado.
The Colorado Impact Fund, which will also pair businesses with mentors and advisers, is likely to invest in 10 to 15 companies in the next five years. It plans to announce its first investment in the next few months.
When it picks Colorado businesses for its portfolio – businesses with at least $2 million in annual sales – it will look for the potential both for profits and for impact on the state. Companies are expected to improve health, conservation, economic development or education.
The Colorado Impact Fund is the latest example of the state’s commitment and continued efforts in executing the Colorado Blueprint economic development strategy which includes “Increase Access to Capital” as a top objective.