Openimpact.ca debuted with information on more than 150 Canadian impact investing products.
Built by Purpose Capital, a Toronto-based impact-investing advisory firm, and University of Toronto's Lee-Chin Institute for Corporate Citizenship, the database includes searchable information on products across asset classes, including 31 that are open for investment.
Most of the more than 50 funds included in the set were launched in the last 10 years, and 15 have more than C$50 million ($37 million) in assets. Five funds, including the Access Community Capital Fund, which lends to entrepreneurs with little or no credit history, can be accessed by retail investors with as little as $250.
“The old model would have said, ‘keep this information proprietary’,” said Norm Tasevski, co-founder of Purpose Capital. “But now more than ever we must lead by example if we expect to engage investors and markets.”
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