Founded
2014
Check size
$1M – $3M
AUM
$50M – $100M
Fund size
—
About
Colorado Impact Fund (CIF) is a Denver-based impact venture capital firm founded in 2014 by Jim Kelley (Vestar Capital Partners co-founder) and Ryan Heckman (Excellere Partners co-founder), backed by ~20 Colorado investor families as Colorado's first privately financed double-bottom-line fund. The firm manages approximately $80M across CIF I and the Colorado Impact Bridge Fund, investing $500K–$3M initial checks (with reserves up to $6M) into Colorado companies with high-growth, scalable models that deliver measurable community impact. Active investments include interviewIA, Honest Jobs, Project Canary, Barn Owl Tech, and Tortuga AgTech, with Chocolove acquired by Ritter Sport in November 2025.
Stages
SeedSeries ASeries B
Sectors
HealthcareClimate TechFood & BeverageEnterprise Software
Notable portfolio
Project CanaryTeamSnapGalvanizeChocolove