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Venture Capital
FINANCE
sjfventures.com

Investments

140

Portfolio Exits

28

Funds

7

Service Providers

2

About SJF Ventures

SJF Ventures is a venture capital firm with offices in Durham, NC, New York, NY, San Francisco, CA and Seattle, WA. Through its investment funds, the firm provides equity financings from $1MM to $10MM, solo or in syndicates, to high growth, positive impact companies seeking expansion capital. SJF Ventures invests across both environmentally- and societally-focused sectors including clean energy and efficiency, asset recovery and logistics, sustainable foods, education and employment, health and wellness, and consumer and enterprise software.

Headquarters Location

200 N. Mangum Street Suite 203

Durham, North Carolina, 27701,

United States

919-530-1177

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Expert Collections containing SJF Ventures

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find SJF Ventures in 1 Expert Collection, including Packaging & Labeling Tech.

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Packaging & Labeling Tech

39 items

Companies providing traditional and tech-enabled packaging and labeling solutions for brands.

Latest SJF Ventures News

Take Command: Personalized Health Benefits Company Raises $25 Million

Sep 27, 2023

Take Command – a Dallas-based SaaS platform and leader in the rapidly growing employer-sponsored, personalized health benefits space – recently announced it secured $25 million in growth stage financing led by growth equity investor Edison Partners, with participation from current investors LiveOak Venture Partners and SJF Ventures. Take Command is considered the first and largest company in the U.S. to offer end-to-end individual coverage health reimbursement arrangements (ICHRAs), an administrative platform, and access to an individual health marketplace. And ICHRAs are a new alternative to traditional group health insurance. In the past, employees have had to enroll in coverage from prescribed, one-size-fits-all insurance plans, paying for benefits they may not need. ICHRAs instead provide employees with a tax-free stipend they can use to select the plan of their choice and provide employers with a way to mitigate or avoid rate increases. ICHRAs offer employers a savings average of 10-20% in costs while providing employees with unprecedented choice when choosing the right plan for them and their families. And they are compliant with the Affordable Care Act, and their popularity has driven over 10,000 employers to adopt this new benefits model since its inception in 2020, marking 355% growth. With a defined contribution model, the market transformation is often likened to the shift from pension plans to 401(k)s. Companies offer ICHRAs through Take Command, and many small and medium-sized employers are using this HRA model to advance recruitment and retention in a tight job market and as an onramp to offer benefits for the first time. Plus, large employers (Take Command’s fastest growing segment) are utilizing ICHRAs to mitigate annual renewals, improve minimum participation rates, and upgrade from more expensive one-size-fits-all traditional employer-sponsored coverage. Take Command will deploy the investment to build out further an infrastructure that pioneered and continues to shape the future of health benefits. And the company will specifically use the new funding to expand its go-to-market strategy, boost payment functionality across its platform, and innovate new marketplace offerings. KEY QUOTES: “If you look at those growth statistics, it’s clear American employers are eager to invest in their employees while providing themselves the opportunity to take back control of how they spend their healthcare dollars. Our team is looking forward to partnering with Edison, with its reputation for strong, customized value creation support as Take Command continues to build its capabilities to meet the rising demand for ICHRAs as more companies learn about and adopt them.” — Jack Hooper, Founder and CEO of Take Command “As the first-in-market alternative health insurance solution, Take Command is well positioned to capitalize on ICHRA’s meteoric growth. Edison is proud to play a role in helping the company scale into their next phase of growth and further accelerate Take Command’s journey to building the leading health benefits technology company.” — Edison Partners General Partner Gregg Michaelson, who led the investment and will join the board of directors Trending on Pulse 2.0

SJF Ventures Investments

140 Investments

SJF Ventures has made 140 investments. Their latest investment was in Take Command Health as part of their Series B on September 9, 2023.

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SJF Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/19/2023

Series B

Take Command Health

$25M

No

3

7/27/2023

Series A

Revalue Nature

$10.01M

Yes

1

7/19/2023

Series C

Terabase Energy

$25M

No

5

6/22/2023

Series B

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$99M

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10

4/13/2023

Series A

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$99M

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10

Date

9/19/2023

7/27/2023

7/19/2023

6/22/2023

4/13/2023

Round

Series B

Series A

Series C

Series B

Series A

Company

Take Command Health

Revalue Nature

Terabase Energy

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Amount

$25M

$10.01M

$25M

$99M

$99M

New?

No

Yes

No

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Co-Investors

Sources

3

1

5

10

10

SJF Ventures Portfolio Exits

28 Portfolio Exits

SJF Ventures has 28 portfolio exits. Their latest portfolio exit was MediaMath on August 23, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/23/2023

Asset Sale

$99M

6

4/27/2023

Acquired

$99M

5

8/31/2022

Acq - Fin

$99M

2

6/7/2022

Acquired

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$99M

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10

4/21/2022

Acquired

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$99M

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10

Date

8/23/2023

4/27/2023

8/31/2022

6/7/2022

4/21/2022

Exit

Asset Sale

Acquired

Acq - Fin

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

6

5

2

10

10

SJF Ventures Fund History

7 Fund Histories

SJF Ventures has 7 funds, including SJF Ventures V.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/4/2021

SJF Ventures V

$175M

2

12/15/2016

SJF Ventures IV

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$99M

10

10/24/2016

SJF Ventures IVA

$99M

10

3/11/2013

SJF Ventures III

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$99M

10

3/11/2013

SJF Ventures IIIA

$99M

10

Closing Date

2/4/2021

12/15/2016

10/24/2016

3/11/2013

3/11/2013

Fund

SJF Ventures V

SJF Ventures IV

SJF Ventures IVA

SJF Ventures III

SJF Ventures IIIA

Fund Type

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Status

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Amount

$175M

$99M

$99M

$99M

$99M

Sources

2

10

10

10

10

SJF Ventures Service Providers

2 Service Providers

SJF Ventures has 2 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

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Service Provider

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Associated Rounds

Provider Type

Counsel

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Service Type

General Counsel

Partnership data by VentureSource

SJF Ventures Team

11 Team Members

SJF Ventures has 11 team members, including , .

Name

Work History

Title

Status

Rick Defieux

Allegra Partners

Founder

Current

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Name

Rick Defieux

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Work History

Allegra Partners

Title

Founder

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Status

Current

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