Community Development Venture Capital Alliance

The Community Development Venture Capital Alliance (CDVCA) is a New York-based organization established in 1993 that focuses on community development venture capital (CDVC) investing. CDVCA aims to provide equity capital to businesses in underinvested markets, facilitating the creation of jobs, wealth, and entrepreneurial capacity while seeking market-rate financial returns. The organization promotes the CDVC field through advocacy, education, and the sharing of best practices via conferences and workshops. Additionally, CDVCA offers consulting services and technical assistance to CDVC funds, enhancing their effectiveness in making impact investments in seed-stage, early-stage, and later-stage companies.

Alan Bernstein

Managing Director and Board Member

Christopher Reim

Managing Director

Ernesto Villarini-Baquero

Vice President and Managing Director

2 past transactions

Ocean Aero

Series C in 2021
Ocean Aero, Inc. is an unmanned systems company based in San Diego, California, that specializes in designing, developing, and manufacturing autonomous underwater vehicles for a diverse range of sectors, including military, scientific, commercial, and government. The company produces unmanned underwater and surface vessels, along with a System-as-a-Service model that aids in mission planning, outfitting, monitoring, and data acquisition. Its products serve various applications such as marine asset monitoring, ocean floor mapping, military intelligence, environmental sampling, and port security. Ocean Aero focuses on creating eco-friendly, energy-efficient platforms, notably the "Submaran," a wind and solar-powered vessel designed for prolonged deployment at sea. With a commitment to advancing observational technologies, the company aims to meet the increasing demand for unmanned platforms that can gather and relay critical oceanic data. Since its incorporation in 2013, Ocean Aero has been dedicated to improving maritime understanding and protection, with plans for future innovations and variations of its vessel technology.

Natural Fiber Welding

Venture Round in 2021
Natural Fiber Welding, Inc. is a manufacturer and supplier of innovative fabrics and materials, utilizing technology that transforms plants and natural fibers into durable textiles and products. Founded in 2015 and based in Peoria, Illinois, the company focuses on harnessing renewable resources to create sustainable alternatives to synthetic materials. By leveraging abundant local resources, Natural Fiber Welding aims to develop scalable solutions that are accessible to diverse communities, enhancing the quality and usability of their products while minimizing processing costs. The company’s commitment to sustainability and innovation positions it as a leader in the movement toward environmentally friendly materials.
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