MSIV Fund II Raises Over $11 Million

Thursday, October 8, 2026 from Corte Madera, CA

In 2021, Marin Sonoma Impact Ventures began deploying capital into Marin + Sonoma's most promising startup companies.

Today, we are excited to announce the final closing of MSIV Fund II, the successor vehicle to the North Bay Area's first and only regional venture capital fund.

Marin Sonoma Impact Ventures has now backed 22 promising North Bay startups, and this new investment vehicle more than doubles MSIV's assets under management to over $17.7 million.

Read the full media release here and see the version that hit PR Newswire here.

FULL TEXT OF MEDIA RELEASE

Thursday, October 8, 2026

MSIV Fund II Raises Over $11 Million to Back North Bay Area Startups

Marin Sonoma Impact Ventures has now backed 22 promising North Bay startups, and this new investment vehicle more than doubles MSIV's assets under management to over $17.7 million.

CORTE MADERA, CA -- Marin Sonoma Impact Ventures (MSIV) today announced the final closing of MSIV Fund II, the successor vehicle to the North Bay Area's first and only regional venture capital fund.

"MSIV Fund II will build on the success of our debut fund and further advance our 'Invest Local' movement," said Zachary Kushel, Founder and Managing Partner of Marin Sonoma Impact Ventures. "We are the only fund carrying a mandate to back the most promising entrepreneurs across Marin + Sonoma counties, and I'm eager to roll up my sleeves and help visionary local founders build the next cohort of great North Bay companies," said Kushel.

MSIV Fund II's backing is broad, community-based, and consistent. The Fund took in capital from 60 Limited Partners, with 98% of the money coming from Marin + Sonoma residents or institutions. A majority of MSIV Fund I's largest Limited Partners reinvested in MSIV Fund II, underscoring their confidence in the fund's ability to create opportunity and drive economic impact. Among this new fund's investors, the Redwood Credit Union Community Fund (RCUCF) reinforced that confidence with a significant $1 million commitment to Fund II.

"RCU began supporting MSIV in 2022 because we believed local entrepreneurs and innovators were essential to the well-being of our communities," said Brett Martinez, President and CEO of Redwood Credit Union. "What we've learned is that investing locally does more than help individual businesses succeed - it strengthens the network of jobs, ideas, and opportunity that allows an entire region to thrive. MSIV has shown what's possible when a community believes in its own potential, and we're proud to help build on that momentum."

"Backing Marin Sonoma Impact Ventures gave me the opportunity to support promising innovations in my own backyard," said Joe Jolson, President of the Jolson Family Foundation. "It's important for our North Bay region to make even more investments, both for-profit and philanthropic, into our community's future, and I'm excited to see MSIV leading the charge spurring investment into Marin + Sonoma," said Jolson.

"I grew up in the North Bay and MSIV's work to diversify our region's economy and invest in next-generation companies is critical," said Stephanie Plante, President/CEO of CPi Developers. "I'm thrilled to back MSIV and support its work pooling and deploying capital locally to ensure a more vibrant and thriving North Bay community," said Plante.

Today marks the five-year anniversary of MSIV Fund I's initial close. Over the past five years, the MSIV community's growth has accelerated. MSIV's North Bay Founder Network has now cumulatively supported 438 Marin + Sonoma startup founders since its inception. MSIV's Executive Network of C-level mentors has cumulatively activated 75 experts who together have lent thousands of hours of pro bono expertise to support local entrepreneurs.

MSIV regularly convenes the Marin + Sonoma startup community at over 20 gatherings each year, highlighted by its annual North Bay NEXT startup conference that is held each Spring - the 2026 conference drew over 350 attendees for the first time.

MSIV's venture capital arm now has support from 93 Limited Partners and has to date deployed over $8,665,000 into 22 Marin + Sonoma startup companies. MSIV Fund I is now fully deployed into 13 investments, and MSIV Fund II has already completed nine investments, including Gable, Lighthouse Pharmaceuticals, Lumo, OLarry, Skribe Medical, and Your360 AI.

MSIV will convene the Marin + Sonoma startup community for its final large gathering of 2026 at its sixth annual Fall Party next week. The gathering will be held at La Crema Winery in Windsor and is expected to draw over 200 attendees on Thursday, October 15, 2026 - more details here.

About Marin Sonoma Impact Ventures

MSIV was founded in April 2020 by Zachary Kushel to bolster the economic future of the North Bay Area. MSIV's community arm leads the development of the North Bay's growing entrepreneurial ecosystem, and its venture capital arm makes early-stage investments across sectors in the region's most promising startup companies. MSIV is led by Founder & Managing Partner Zachary Kushel and VP Community Elizabeth Murphy. More info can be found at www.msivfund.com.