DBL Partners, Investor in Tesla and Solar City, Closes 3rd Fund at $400 Million

BY DENNIS PRICE

Want to spot the next Tes­la? Watch DBL Partners.

The “dou­ble bot­tom line” ven­ture cap­i­tal firm has closedDBL Part­ners III, its third fund, with $400 mil­lion in cap­i­tal. The port­fo­lios of DBL’s pre­vi­ous funds include some of the most suc­cess­ful social ven­tures to date, includ­ing Tes­la Motors, Solar City, Rev­o­lu­tion Foods and Eco­log­ic.

“The size of this fund puts impact invest­ing square­ly in the main­stream and the sus­tain­abil­i­ty focus includ­ed in its man­date puts to rest any con­cerns that the time for clean ener­gy invest­ing has passed,” said Nan­cy Pfund, man­ag­ing part­ner and founder at DBL. “Build­ing great com­pa­nies that also help to solve some of the core chal­lenges of our age is not an oxy­moron as some would posit – in our view, these goals go hand-in-hand and there is no sacrifice.”

To read the full arti­cle, vis­it ImpactAlpha