U.S.-based Rockies Venture Club, a non-profit angel investing company, is seeking to fetch $50 million for its second venture fund, Rockies Impact Fund.
Rockies Impact Fund aims to write checks of $400,000 to $500,000 in companies’ inaugural funding rounds, giving Colorado companies more local investment options.
Rockies Venture Club said that the fund is targeting companies providing some sort of environmental or social good, while still able to give investors massive returns.
The company, which has raised a total of $10 million across two funds, intends to hold its final close on the $50 million vehicle in the first quarter of 2020.