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Fund Profile:
San Diego Technology Fund
600 B Street, 4th Floor
San Diego, CA 92101
Telephone: (619) 533-5187
Website: www.sandiego.gov/economic-development/business-assistance/finance
Email: mlengyel@sandiego.gov
Key Personnel:
Trish Hughes-Raber, Senior Business Finance Officer
Michael Lengyel, Business Finance Officer
Established: 1995
Total Committed Capital: $2.7 million
Amount Invested: $2.5 million
Geographic Focus: County of San Diego.
Social Mission
By addressing the conventional private capital markets' transaction scale and information cost barriers through subsidized due diligence and smaller loan amounts, the San Diego Technology Fund helps bridge promising San Diego entrepreneurs across the capital chasm from friends and family to institutional equity and debt.
Background
The San Diego Technology Fund is an early-stage small business near-equity revolving fund operated by the City of San Diego City Planning & Community Investment Department with input regarding program policies and funding decisions from an Advisory Board comprised of CRA bank investors and a diverse group of private sector experts and community volunteers with experience in community development venture capital.
Investment Information
SDTF provides patient, flexible, working capital financing of $50,000 to $200,000, for terms up to 5 years, at or below market interest rates, and may include success fees to provide risk-appropriate upside.
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