Cambridge Savings Bank Invests $500 Thousand In Socially Responsible Vc Fund Coastal Ventures V Lp
05/18/21, 2:08 PM
Location
cambridge
Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, today announces a $500 thousand direct investment in Coastal Ventures V LP, a socially responsible venture capital fund managed by CEI Ventures. Located in Brunswick, ME, CEI Ventures, a subsidiary of Coastal Enterprises, Inc. (CEI), a non-profit community development financial institution (CDFI) and innovative leader in rural business development, is one of the only venture capital firms in the U.S. with a mission focus and proven strategy to help create jobs that offer basic benefits such as PTO, health benefits and retirement savings.
Company Info
Location
cambridge, maryland, united states
Additional Info
CEI Ventures, Inc. manages socially responsible venture capital funds. For 25 years, CEI Ventures has successfully identified and cultivated growth-oriented businesses that create good jobs for people living in rural towns and small gateway cities, primarily in the Northeast. Learn more at www.ceiventures.com.