Invest With ICA

With your investment, ICA can back more successful diverse companies that improve the health and well-being of the Bay Area community by creating wealth for their owners and workers.


You invest.
We accelerate.
Companies scale.

Help us accelerate great businesses that create wealth-building opportunities for local entrepreneurs and their employees.

ICA supports visionary entrepreneurs committed to building sustainable businesses over the long term. In addition to providing immersive support through our accelerator programs, ICA provides tailored advising and access to the capital companies need to scale.

Investing with ICA means seeing returns that are financially and socially impactful:

Equitable Wealth Creation

Advancing Racial and Gender Equity

Competitive Financial Returns


Our Approach

Target Investment Criteria: Profitability + Social Impact

A 2018 McKinsey study showed that gender, racial, cultural, and ethnic diversity play a substantial role in driving profitability and growth for many businesses, both large and small. Companies that are more racially and gender diverse are:

33% more likely to have industry-leading profitability

21% more likely to outperform on profitability

27% more likely to have a superior value creation than their peers

Investment Objectives

Aligned Investors,
Aligned Returns

ICA Growth Fund investment objectives are as follows:

Invest in revenue-generating, scalable businesses that are committed to creating and retaining good jobs.

Provide women and entrepreneurs of color with patient capital through the form of equity and/or long-term convertible notes.

Create good jobs that will provide workers with salaries and benefits that allow them to thrive in the Bay Area.

Ensure that the businesses are committed to a rich and diverse workforce at all levels of employment, with fair and equitable compensation for all.

Investment area includes the nine Bay Area counties.

Returns Strategy and Portfolio Construction
Every dollar invested into our Portfolio companies is recycled into future ICA investments; at a 12% annual return, this means $1M turns into $2M in just over 6 years. 

As an investor, the impact of the capital you provide is exponential, creating more jobs and wealth in our community.

Investment Sources

Funded by

ICA secures funding from those who share our belief that accelerating great businesses and closing the racial and gender wealth gaps can ultimately transform our economy into one that works for all.

Diversified funding sources are important to manage maturity risks, pay-back, and mission alignment. Therefore, the target funding goal for full grants is 50% of the total capital investment raised, and 50% as PRI debt or recoverable loans.

ICA sources capital from:


PRI Investments

Family offices

Donor Advised Funds

Corporate investments

CRA Investments

Investment Team

Who We Are.

ICA brings together a talented team and an experienced group of impact investors and longtime backers of ICA. The ICA investment team is supported by the Investment Committee, which provides oversight for our investment decisions.

Allison Kelly


Chief Executive Officer

Jim Harris

Operating Partner

Center Oak Partners

John Gough


Chief Investment Officer

Jack Russi


National Managing Partner

Yui Ueno


Senior Director of Investment

Justina Lai

Chief Impact Officer

Wetherby Asset Management

Alberto De Almeida

Managing Director, Ret.

Keefe, Bruyette & Woods

Invest With Us

Join us in building a more equitable future for the Bay Area by investing in high-potential, job-creating small businesses.

Get in TouchRequest a Growth Fund overview
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