ICA Fund

ICA Fund is a 501(c)(3) non-profit organization and Community Development Financial Institution (CDFI) based in Oakland, CA, that accelerates businesses through mentorship and investments to close the racial and gender wealth gaps. Founded in 1996, it provides coaching, connections, and capital primarily to small businesses in the 9-county Bay Area owned by women and people of color. The firm runs accelerator programs and invests through its Growth Fund, utilizing flexible instruments like convertible notes, term loans, and equity. It focuses on sectors such as food, beverage, and consumer products, and supports tech-enabled businesses but not pure tech companies.