# Impact Development Fund funding: rounds and investors

> Impact Development Fund has raised $4.5M across 1 round since 2024. Investors include Community Development Financial Institutions Fund.

Source: https://millionrounds.com/company/impact-development-fund (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Impact Development Fund*

One round we have observed, with the one investor named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Financial Services Fintech

Funding summary Updated 26 Oct 2026

**$4.5M** raised across 1 round since 2024, from 1 source

- **Latest round:** Grant, $4.5M Oct 2024
- **Investors:** 1

See who backed them

## The rounds

- **Oct 2024** Grant **$4.5M** [Community Development Financial Institutions Fund](https://millionrounds.com/fund/community-development-financial-institutions-fund) Source recorded

## Founders and team

From Impact Development Fund's own website: 26 on the team.

- **Megan Ferguson** Chief Executive Officer
- **Erik Frandsen** Vice President, Commercial Real Estate
- **Huntington Bank** Vice President, Commercial Real Estate
- **Kristin Candella** Executive Director and CEO
- **Aaron Ferguson** Chief Construction Officer
- **Connie Ealey** Chief Administrative Officer
- **Leslie Sabin** Chief Financial Officer
- **Meridith Dillon** Chief Of Strategy And Partnerships
- **Rachel Tweedy** Chief Operating Officer
- **Rohana Parks** Chief People Officer
- **Alex Dea** Commercial Underwriter – Lending Operations Specialist
- **Annie Perizzolo** CRA Loans & Investments Manager
- **Brian Rossbert** Executive Director
- **Bryn DeMarois** Strategic Communications Specialist
- **Construction Specialist** 2026 Board Members
- **Gina Winterhalder** Controller
- **Jamila Pierson** Cfbc Team Lead
- **Justin Hill** Director Of Clean Energy Lending

And 8 more on the team.

## Everyone who backed them

[Community Development Financial Institutions Fund](https://millionrounds.com/fund/community-development-financial-institutions-fund) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=impact-development-fund).

## Quick answers about Impact Development Fund

### Who invested in Impact Development Fund?

Impact Development Fund's investors include Community Development Financial Institutions Fund.

### How much has Impact Development Fund raised?

Impact Development Fund has raised $4.5M across 1 round since 2024.

### When did Impact Development Fund last raise?

Impact Development Fund's most recent round was a Grant of $4.5M in Oct 2024.

### What was Impact Development Fund's biggest round?

Its most recent round, $4.5M in Oct 2024, is also its largest on record.

### Who backed Impact Development Fund first?

Impact Development Fund's first round on record, in Oct 2024, was backed by Community Development Financial Institutions Fund.

### What stage is Impact Development Fund at?

Impact Development Fund's latest named round is a Grant, in Oct 2024.

### Where is Impact Development Fund based?

Impact Development Fund is based in the United States.

## Companies like Impact Development Fund

In the same sector, and raised in the last eighteen months.

[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Coast** $77M · Oct 2026](https://millionrounds.com/company/coast)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**CapitalOS** $52M · Oct 2026](https://millionrounds.com/company/capitalos)

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