Early-Stage Workforce Venture Fund Announces $15M First Close
BOSTON, April 4, 2024 /PRNewswire/ -- JFFVentures, an impact fund strategically aligned with the nonprofit Jobs for the Future (JFF), announced the first close of its second fund today. With a target of $50 million, JFFVentures Fund II will back founders with lived experiences who are building innovative HR, education, and workforce solutions that enable economic mobility for workers in middle to low-wage jobs.
- "It's because of this belief that the Workday Foundation is proud to partner with JFFVentures and support its second fund.
- At Workday, creating a more diverse and inclusive workforce is a key priority to us, and as part of that, we look forward to seeing the opportunities and results of this fund."
- JFFVentures' inaugural fund made 55 investments in category leading companies like Cell-Ed, ChargerHelp, Factory Fix, AdeptID, Climb Credit, and Nepris (later acquired by Providence Strategic Growth Fund).
- As a result, 84% of founders backed by the fund identified as under-represented within the venture capital space.