DC-based Village Capital raises $13.2M for social impact fund

A local investment fund with an interesting conceit just raised $13.2 million.

D.C.-based Village Capital invests in companies — but only if they’ve won the vote of their peers.

Now, the company has won the backing of its own peers, including AOL cofounder Steve Case and his wife Jean, and the Oakland-based Kapor Center for Social Impact.

Village Capital intends to invest its new fund in 75 global companies working in social impact areas like education, energy and health.

“The new fund will continue to give an opportunity to entrepreneurs everywhere, regardless of who you are or where you’re from,” Village Capital Executive Director Ross Baird said in a press release.