Founded in 1999 with its first fund, Diamond State Ventures is a licensed Small Business Investment Company ("SBIC") engaged in providing debt and equity financing to lower middle market companies across the United States. With approximately $225 million in invested and committed capital across three funds, DSV will participate in a variety of transactions including growth/expansion financings, recapitalizations, and buyouts. Importantly, DSV seeks to invest in exceptional businesses managed by extraordinary people who possess a record of achievement, integrity and determination.
DSV is currently investing out of our newest fund, Diamond State Ventures III, with a target investment size of $3 million to $7 million per transaction. Additionally, we frequently participate in and/or facilitate larger financings up to $25 million through our expansive network of co-investment partners. Our investments are typically structured as subordinated debt with warrants (for the future purchase of common equity), preferred equity, or a combination of those securities.
The DSV team has experience in every life cycle and many roles in a company including: entrepreneur, board member, capital sourcing and provider, and consultant. These experiences have produced the confidence and empathy needed to work effectively with private company owners and managers. Since the formation of our first fund in 1999, we have invested in approximately 55 small businesses across a broad range of industries and financing structures and have developed a strong reputation as an efficient and dependable financial partner. Additionally, DSV was named national SBIC of the year in 2011 out of approximately 325 funds.