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, Calif., Oct. 8, 2026 /PRNewswire/ -- 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."

Today marks the five-year anniversary of MSIV Fund I's initial close. 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.

MEDIA CONTACT
Zachary Kushel
Founder & Managing Partner
Marin Sonoma Impact Ventures
[email protected]

SOURCE Marin Sonoma Impact Ventures