Dallas, October 25, 2025
News Summary
Impact Ventures, a nonprofit in Dallas, has launched IV Capital, Texas’s first integrated capital fund aimed at providing flexible debt and patient equity to women- and BIPOC-led businesses. The fund’s kickoff event was hosted by JPMorgan Chase and comes in anticipation of the 2025 Inclusive Capital Summit. IV Capital aims to address financing gaps often encountered by under-resourced entrepreneurs and includes the Underwriting Reimagined Project to shift traditional credit assessment and risk models. Impact Ventures continues to support diverse entrepreneurs and foster economic growth in Texas.
Dallas — Impact Ventures, a Dallas-based nonprofit, announced the launch of IV Capital at a kickoff event hosted by JPMorgan Chase. IV Capital is touted as Texas’s first integrated capital fund providing flexible debt and patient equity, targeting investments in women- and BIPOC-led enterprises across the state. The announcement came ahead of the 2025 Inclusive Capital Summit, scheduled for early October.
Top-line details
The kickoff event was hosted by JPMorgan Chase. IV Capital was certified as a Community Development Financial Institution (CDFI) in July. The fund aims to deliver flexible financing designed to support underestimated entrepreneurs in Texas and to help build economic power and community wealth. IV Capital marks Impact Ventures’ latest initiative to provide integrated capital and support for under-resourced entrepreneurs.
What the fund will do and who it targets
IV Capital will offer a mix of flexible debt and patient equity to enterprises led by women and BIPOC founders. The fund is positioned to address gaps in traditional financing by providing capital structures intended to fit stages of business growth that mainstream lenders and investors often overlook. Impact Ventures framed the effort as part of a broader push to shift power and change narratives around who receives capital and how creditworthiness is assessed.
Event programming and related initiatives
The kickoff event also featured the introduction of the Underwriting Reimagined Project, a joint initiative with JPMorgan Chase, Beneficial State Foundation, UNT Dallas, and CoSpero Consulting. The Underwriting Reimagined Project aims to rethink traditional credit models and risk assessment methods. Panels during the event addressed the concentration of venture capital and the barrier it creates for early-stage founders.
Speakers and participants
- Key speakers included Enisha Shropshire (CAPEQ), Zach Ellis (South Loop Ventures), and Austin Clements (Slauson & Co.).
- Entrepreneurs featured in sessions included Marissa Allen (Cookie Society) and Richard Thomas (Present House Hospitality Group), who discussed transitions from hands-on operators to strategic business leaders.
- The Trailblazer Award was presented to Noe Hinojosa Jr., recognizing his influential contributions to public finance and community development in North Texas.
- The closing session included discussions on equity, accountability, and long-term vision led by Benjamin Vann and Odessa Jenkins (Women’s National Football Conference).
Organizational background and metrics
Impact Ventures was founded in 2017 and is a 501(c)(3) nonprofit dedicated to removing social and economic barriers for communities of color. Ben Vann, CEO of Impact Ventures, noted that achieving CDFI status has been a process years in the making, dating back to 2017-2018, and emphasized that breaking barriers involves not only access to capital but also shifting power and changing narratives.
Impact Ventures has engaged nearly 3,500 individuals through various programs since its inception. The organization supports nearly 255 entrepreneurs who have collectively raised over $25 million and created more than 485 jobs.
Upcoming summit
The Inclusive Capital Summit will engage entrepreneurs, investors, and civic leaders to discuss the role of capital in promoting access, equity, and innovation. Sessions are expected to cover a range of topics including founder well-being, community development through blended finance, and the importance of relationships in business growth. The summit is scheduled for early October 2025 and is intended to bring together diverse stakeholders to align investors, builders, and entrepreneurs for greater community impact.
Why it matters
Organizers framed IV Capital and its associated projects as attempts to fill financing gaps for under-resourced entrepreneurs, adjust underwriting practices, and expand the definition of creditworthiness. By pairing capital with technical support and changes to risk assessment, the initiative seeks to increase access to growth financing for enterprises that have historically received less investment.
What comes next
Impact Ventures plans to continue rolling out IV Capital alongside collaborative projects such as the Underwriting Reimagined Project and the Inclusive Capital Summit. The organization intends to leverage CDFI certification to expand lending and investment activity while tracking outcomes related to job creation, business growth, and community wealth.
FAQ
What is IV Capital?
IV Capital is touted as Texas’s first integrated capital fund providing flexible debt and patient equity.
Who announced the launch?
Dallas-based nonprofit Impact Ventures announced the launch of IV Capital at a kickoff event hosted by JPMorgan Chase.
When was IV Capital certified as a CDFI?
IV Capital was certified as a Community Development Financial Institution (CDFI) in July.
What is the Underwriting Reimagined Project?
The Underwriting Reimagined Project aims to rethink traditional credit models and risk assessment methods.
Who are the partners in the Underwriting Reimagined Project?
The kickoff event also featured the introduction of the Underwriting Reimagined Project, a joint initiative with JPMorgan Chase, Beneficial State Foundation, UNT Dallas, and CoSpero Consulting.
What will the Inclusive Capital Summit do?
The Inclusive Capital Summit will engage entrepreneurs, investors, and civic leaders to discuss the role of capital in promoting access, equity, and innovation.
What are Impact Ventures’ organizational metrics?
Impact Ventures has engaged nearly 3,500 individuals through various programs since its inception.
How many entrepreneurs does the organization support and what have they achieved?
The organization supports nearly 255 entrepreneurs who have collectively raised over $25 million and created more than 485 jobs.
What is IV Capital’s purpose?
IV Capital marks Impact Ventures’ latest initiative to provide integrated capital and support for under-resourced entrepreneurs.
| Feature | Detail |
|---|---|
| Fund name | IV Capital |
| Claimed distinction | Texas’s first integrated capital fund providing flexible debt and patient equity |
| Lead organization | Impact Ventures (Dallas-based nonprofit) |
| CDFI status | IV Capital was certified as a Community Development Financial Institution (CDFI) in July |
| Primary targets | Women- and BIPOC-led enterprises |
| Launch event host | JPMorgan Chase |
| Related initiative | Underwriting Reimagined Project (JPMorgan Chase, Beneficial State Foundation, UNT Dallas, CoSpero Consulting) |
| Summit | Inclusive Capital Summit scheduled for early October 2025 |
| Impact metrics | Engaged nearly 3,500 individuals; supports nearly 255 entrepreneurs; collectively raised over $25 million; created more than 485 jobs |
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- D Magazine: Meet the CEO Behind Dallas Inclusive Capital Fund
- Google Search: Impact Ventures
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