SJF Ventures

SJF Ventures is a Durham, North Carolina-based venture capital firm focused on growth- and early-stage investments in cleantech, sustainability, and technology-enabled services across the United States. Founded in 1999, it backs companies with annual sales typically between $2 million and $30 million and enterprise value under $50 million, investing roughly $3 million to $10 million per portfolio company and up to $15 million over the life of a company. It seeks to lead or co-invest in syndicates, sometimes alongside debt with warrants, and aims to take a board seat. Portfolio companies operate in sectors such as energy efficiency, water and waste technologies, renewable energy, sustainable agriculture, health and wellness technology, education technology, and digital services leveraging software and data. The firm pursues rapid sales growth, profitability, and premium exits through strategic mergers, initial public offerings, or buyouts, with a five-year or shorter investment horizon. It maintains offices in San Francisco, New York, and Richmond, in addition to its Durham base.

Joey Barrick

Senior Associate

Perry Clarkson

Principal

Richard Defieux

Co-Founder and Investment Committee Chair

Daniel Geballe

Managing Director

David Griest

Managing Director

Past deals in North Carolina

Validic

Venture Round in 2022
Validic, Inc. is a technology company specializing in a cloud-based platform that collects and manages mobile health data from various internet-enabled applications and devices. Founded in 2010 and based in Durham, North Carolina, Validic connects healthcare organizations with over 400 clinical and consumer devices, allowing for the integration of patient-recorded data into clinical workflows. Its primary offerings include Validic Solution, which links digital health data to healthcare providers; Validic Connect, which facilitates access to a broader range of clinical and consumer applications; and Validic Mobile, designed for data collection from health apps and in-home devices. The company serves a diverse clientele, including wellness companies, healthcare providers, pharmaceuticals, and health plans, with the goal of enhancing the quality of human life through actionable health data.

TransLoc

Series A in 2016
TransLoc Inc. is a technology company based in Raleigh, North Carolina, established in 2004, that specializes in providing real-time information and solutions for transit systems across municipalities and universities. The company offers a range of products, including interactive maps, fleet management reports, arrival predictions, and passenger information kiosks, alongside applications for various mobile platforms and a web interface for riders to access real-time transit data. TransLoc's solutions are designed to enhance the efficiency of public transit by enabling users to track bus locations, routes, and estimated arrival times. Additionally, the company provides hardware, smart signage, and flexible API solutions, making it easier for transit agencies and organizations to manage their operations effectively. TransLoc aims to promote public transit as a preferred mode of transportation, contributing to more accessible, equitable, and sustainable mobility options.

Validic

Series A in 2014
Validic, Inc. is a technology company specializing in a cloud-based platform that collects and manages mobile health data from various internet-enabled applications and devices. Founded in 2010 and based in Durham, North Carolina, Validic connects healthcare organizations with over 400 clinical and consumer devices, allowing for the integration of patient-recorded data into clinical workflows. Its primary offerings include Validic Solution, which links digital health data to healthcare providers; Validic Connect, which facilitates access to a broader range of clinical and consumer applications; and Validic Mobile, designed for data collection from health apps and in-home devices. The company serves a diverse clientele, including wellness companies, healthcare providers, pharmaceuticals, and health plans, with the goal of enhancing the quality of human life through actionable health data.

Truist

Venture Round in 2008
Founded in 1871, Truist is a banking organization headquartered in Charlotte, North Carolina. It offers a wide range of consumer and commercial financial services including retail banking, small business lending, asset management, insurance, mortgage lending, investment brokerage services, wealth management, asset-based lending, commercial mortgage lending, leasing, payment solutions, supply chain financing, and commercial deposit services.

Telkore

Series A in 2007
Telkore, founded in 2004 and headquartered in Mechanicsburg, PA, is a nationally recognized company specializing in cell site construction, maintenance, and inspection services for the wireless communication industry. With additional offices in Arizona and North Carolina, Telkore has significantly expanded its workforce and established a reputation for quality, safety, and training. The company provides a comprehensive range of services, including site acquisition, data systems integration, property management, tower construction, internet cable installation, and decommissioning. By offering these specialized services, Telkore enables its clients to concentrate on their core business operations without the burden of managing the physical and installation aspects of telecommunications infrastructure.
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