Tuesday, June 23, 2015, 2:37 PM

Tesla Motors Investors Back New Impact Venture Capital Fund


Two heavy hitters in the Impact Economy have a new venture—a $400 million VC fund devoted to financing startup companies that seek to have a positive social or environmental impact.

Nancy Pfund and Ira Ehrenpreis, two early investors in Tesla Motors, are leading the fund, which is part of DBL Partners.

The fund already is financing several start-ups, including businesses focusing on clean energy, reusable materials and job creation in economically depressed areas.

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