High Growth.
Positive Impact.

SJF Ventures invests in high-growth companies creating a more sustainable and equitable future.

Over 25 Years of Investing

Sustainable Jobs Fund was formed in 1999. Our original name set out the impacts we still pursue today—a clean, resilient environment and equitable opportunities. Though our strategy has expanded over our 25+ years of experience, we remain committed to these fundamental themes.

Impact Stats

93
portfolio companies
have partnered with SJF to scale their impact
18,217
total jobs
created by SJF portfolio companies
SJF Ventures (SJF) was established in 1999 as a venture capital partnership focused on creating quality jobs in low-income communities through sustainable industries.
>3 million
metric tons of CO2
mitigated by SJF portfolio companies
This year, SJF partnered with a team of executive MBA students at Duke's Fuqua School of Business to build a model estimating the avoided emissions associated with SJF’s portfolio companies. This estimate gives us a starting point to understand the scale of our climate impact.
20+
years
of impact data collected from our portfolio companies
SJF has been collecting impact data from its portfolio companies since 2001, though this process has taken many different forms throughout our history.

Our Impact Strategy

SJF invests across six sectors to address climate change and drive equitable opportunities. We use our expertise in these sectors to support portfolio companies working within and across them: from Take Command, which improves job quality by enabling small employers to offer health insurance, to Iron Sheepdog, which supports small business growth while reducing emissions in trucking. We believe environmental and social impacts are intersectional, and much of our portfolio represents that approach.

Because the biggest challenges we face aren’t confined to single sectors, neither is our investment strategy.

A Cross-Sector Approach
for Deeper Impact

Environmental Impact

We invest to mitigate climate change and environmental degradation, including scaling clean energy and efficiency and reducing waste and carbon. We work across all areas of the economy, seeking energy and material flows that are more sustainable, affordable, and socially beneficial.

Energy, Carbon, and Climate Resilience

  • Accelerate the transition to clean energy
  • Catalyze emerging solutions to climate change
  • Improve public outcomes in a changing climate

Energy, Carbon, and Climate Resilience

  • Accelerate the transition to clean energy
  • Catalyze emerging solutions to climate change
  • Improve public outcomes in a changing climate

Supply Chain and Circular Economy

  • Drive resource efficiencies and improve resilience in supply chains
  • Reduce waste and increase the reuse of goods
  • Advance economic opportunity of workers and small businesses

Supply Chain and Circular Economy

  • Drive resource efficiencies and improve resilience in supply chains
  • Reduce waste and increase the reuse of goods
  • Advance economic opportunity of workers and small businesses

Sustainable Products and Systems

  • Promote more sustainable products
  • Enable healthy and ethical food systems
  • Encourage fair labor and trade practices

Sustainable Products and Systems

  • Promote more sustainable products
  • Enable healthy and ethical food systems
  • Encourage fair labor and trade practices

Social Impact

We were founded to invest in companies that help support disadvantaged individuals and communities. We continue to do so, with a deeper focus on investing in solutions to problems driving inequity, including through gainful employment, quality health and education access, and stronger civil institutions.

Education and Employment

  • Improve learning environments, systems, and outcomes
  • Create equitable and quality career pathways
  • Improve employee wellbeing at work

Education and Employment

  • Improve learning environments, systems, and outcomes
  • Create equitable and quality career pathways
  • Improve employee wellbeing at work

Health and Wellness

  • Increase access to care
  • Provide better long-term outcomes for less cost
  • Improve the care experience
  • Address social determinants and care coordination needs

Health and Wellness

  • Increase access to care
  • Provide better long-term outcomes for less cost
  • Improve the care experience
  • Address social determinants and care coordination needs

Government and Civil Society

  • Enhance the leverage of government services for public good
  • Improve the public safety of physical and digital spaces
  • Strengthen democracy, civic engagement, and community

Government and Civil Society

  • Enhance the leverage of government services for public good
  • Improve the public safety of physical and digital spaces
  • Strengthen democracy, civic engagement, and community

Impact Highlights

The Evolution of our Strategy

SJF has refined its strategy as the impact investing industry has evolved over the past 25+ years.

The Big Idea.
Created the CDFI for low income job creation and early climate initiatives
The New Model.
Delivering impact alongside market rate returns
An Impact-Driven Team.
Generating impact alpha through team expansion and sectorial expertise
Measuring Impact.
Early adopter of emerging industry standards in impact measurement
Growing the Ecosystem.
Driving the industry forward as founding members of the Impact Capital Managers
Bending the Curve.
Dedicated team for impact acceleration work across our portfolio
Sustainable Jobs Fund
1999-2004
SJF Ventures II
2004-2011
SJF Ventures III
2012-2016
SJF Ventures IV
2016-2020
SJF Ventures V
2020-Today
scroll
Matt Campbell
We have enjoyed our partnership with SJF since leading our Series A round 4 years ago. Their deep experience in clean energy and in helping to build great companies has been invaluable as we have grown from a team of 10 to over 100 people. We value SJF’s long commitment to sustainability and look forward to continued collaboration.”
Matt Campbell, CEO

Supporting our
Portfolio Companies

SJF provides capital to grow impactful businesses driving positive change across our six themes. Our impact acceleration team works in partnership with our investment professionals and portfolio companies. We support our portfolio companies in all things impact, such as reaching new, higher-need beneficiary groups, improving their employee value proposition, or upgrading their impact measurement practices. In the past year, we’ve brought in experts to support on end-beneficiary outcomes studies, drafted case studies and thought leadership on company impacts, helped draft ethical AI policies, and hosted webinars around key topics such as navigating the evolving DEI landscape.

Measuring Progress Towards
Our Impact Objectives

Every year, we ask our active portfolio companies to complete our Annual Impact Survey. We believe impact reporting should be a collaborative process, with input from all stakeholders — including Limited Partners, our portfolio companies, and their beneficiaries. With that in mind, we continue to review and adapt the survey to find the right balance between standardized metrics, company-specific measurements, and outcomes-driven beneficiary feedback.

We share this data back to our portfolio companies to help them benchmark their performance and provide ongoing support.

This data is imperfect, but we aim to be transparent, practical, and aspirational about our impact measurement journey. We invite you to scroll through our living impact report, which will evolve together with the firm and update as we garner new insights throughout the year.

Recent Insight

CASE STUDY How SJF Ventures is “Bending the Curve” and Driving Sustainable and Equitable Growth Through Data

Click here: Leveraging Impact Data for Smarter Investing: CASE STUDY How SJF Ventures is “Bending the Curve” and Driving Sustainable…

– March 6, 2025

SJF’s Commitment to Sustainable Jobs

From our inception in 1999, SJF has backed businesses that empower people. Creating quality job opportunities in healthy, diverse, and ethical workforce environments can generate deep societal impact. After we make an investment, SJF encourages portfolio companies to prioritize employee satisfaction and wellness through culture, DEI practices, benefits, and good governance.

Measuring Job Quality

 

From our inception in 1999, SJF has backed businesses that empower people — particularly those historically marginalized. Creating quality job opportunities in healthy, diverse, and ethical workforce environments can generate deep societal impact.

Employees

SJF tracks employment numbers, diversity, and employee engagement, among other indicators like turnover, to understand our portfolio’s workforce.

13,864
new jobs created
by SJF portfolio companies since our initial investment
68%
conducted an engagement survey
The average employee response rate was 77% among reporting companies. Engagement surveys are an important tool for improving employee experience and retention.
41%
female employees
on average within our portfolio companies
This is higher than the average for industries like tech (29%) but lower than female representation across the US workforce (47%).

Benefits and Professional Development

SJF collects data on the benefits and opportunities portfolio companies provide employees.

100%
offer healthcare benefits
and 46% offer additional wellness benefits.
89%
offer retirement benefits
and 58% offer contribution matching to employees.
Comparable industry benchmark: ~70% of private US businesses offer retirement benefits (58% of small businesses)
50%
offer professional development and/or education benefits
and 93% have a formal performance management and feedback process
Practices like these increase skills, promote career advancement, and can create higher earning potential for employees.

Good Governance

For startups, policies related to ethical best practices can help shape company norms early on.

29%
have an Ethical AI policy or procedures
This includes ethical AI policies, advisory boards, terms of use, and more.
This increased from just one company in 2023.
86%
have a formal data privacy and security policy
and 71% are SOC 2 certified, indicating strong practices to protect employee and customer data rights.
93%
have an employee code of conduct
and 93% of companies reporting also have an employee handbook. Both are important documents to set norms around ethical behavior and practices in the workplace.

Our Contribution 
to the Field

Through our collaborative work with peers and leading organizations, SJF extends our firm’s reach, shares lessons learned, and contributes to the success and growth of the impact investing field. SJF is a co-founding member of ICM, a network of over 110 market-rate impact funds.