Urban Innovation Fund

Urban Innovation Fund (UIF) is a San Francisco-based venture capital firm dedicated to investing in companies that are shaping the future of urban environments. Co-founded by Clara Brenner and Julie Lein, UIF focuses on the intersection of technology and civic improvement, backing startups that address critical challenges faced by cities globally. Their investment thesis centers on supporting innovative solutions across various sectors, including urban mobility, smart infrastructure, public safety, education, healthcare, and workforce development.

UIF primarily targets Seed and Series A stage companies, providing crucial early-stage capital to promising ventures. The firm is known for its hands-on approach, offering strategic guidance and leveraging its network to help portfolio companies navigate the complex landscape of urban development and public-private partnerships. Their typical initial investment ranges from $500,000 to $2 million, reflecting their commitment to being a significant early partner for founders. This strategic focus allows them to support companies from their foundational stages through significant growth milestones.

The firm has demonstrated consistent growth in its capital base, successfully closing multiple funds to expand its investment capacity. Notably, Urban Innovation Fund III (UIF III) closed at $75 million in 2022, significantly increasing their ability to deploy capital into impactful urban tech solutions. This follows their earlier fund, Urban Innovation Fund II, which closed at $40 million in 2019. UIF seeks companies that not only offer scalable technological solutions but also possess the potential for substantial positive social and economic impact within urban communities, aligning their financial objectives with a mission-driven approach to city improvement.