RevFund

RevFund identifies impact companies as those addressing one or more UN Sustainable Development Goals. Each portfolio company must maintain an impact model that values environmental or human outcomes in dollar or numeric terms. The fund uses ImpactableX software for AI-powered analytics and expects consistent reporting, treating the model as core underwriting — alongside the financial model — not as a sidecar metric.

RevFund is the for-profit seed fund housed within RevHub OC, a nonprofit social-enterprise incubator. RevHub provides portfolio companies with incubation support, impact-model design, and access to grant capital. This architecture lets RevFund deploy into startups that RevHub has already de-risked, effectively acting as a follow-on fund for an in-house accelerator rather than a standalone venture firm.

The fund invests via convertible notes, leading rounds with initial checks of $50,000 to $100,000. It reserves the right to invest up to $1 million total per company over the life of its position. Term is 10 years with two one-year extension options, and the fund requires co-investment rights on every deal.

RevFund focuses exclusively on for-profit California climate ventures across six verticals — mobility and transport, energy, built environment, financial services, food and agriculture, and industrial/resource management — plus two horizontals: greenhouse-gas capture and climate-management reporting. It does not target health, education, or consumer-tech startups unless the business model directly drives climate improvement. The fund requires a defined, measurable impact objective tied to those sectors.

RevFund raises external capital; its website states it is raising a fund to invest in social enterprises, and it markets to impact investors looking for for-profit vehicles. It does not disclose the identity of its limited partners or whether RevHub’s own balance sheet anchors the fund.