Invest Appalachia tops out at $35.55 million
The fund works in the Appalachian counties of Kentucky, North Carolina, Ohio, Tennessee, Virginia, and West Virginia.
Invest Appalachia, a regional blended capital platform that is designed to accelerate and expand community investment across Central Appalachia, has closed its final round of commitments to the Invest Appalachia Fund (IA Fund) with a total size of $35.55 million.
The IA Fund added $16.6 million in commitments from six new investors in its second round, on top of the $18.95 million secured in the first close. New investors include national leaders such as Truist Bank, John D. and Catherine T. MacArthur Foundation, and Chordata Capital, as well as regional foundations Dogwood Health Trust, Claude Worthington Benedum Foundation, and Greater Clark Foundation. They join first close investors UnitedHealth Group, Robert Wood Johnson Foundation, Appalachian Regional Commission, Cassiopeia Foundation, Laughing Gull Foundation, and Sugarbush Valley Impact Investments.
Significantly, about 80 percent of the IA Fund’s commitments come from investors outside of Appalachia, bringing new mission-aligned capital into a historically underinvested region.
Managed by Invest Appalachia, a 501(c)(3) nonprofit organization that is designed, governed, guided, and staffed by community stakeholders rooted in place across the region, IA works in the Appalachian counties of Kentucky, North Carolina, Ohio, Tennessee, Virginia, and West Virginia.
