Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Aid Beyond Trade-offs Impact en las Americas New Revivalists Women Rising in India Operation Impact
Smarter Money Women Rising 2030 Finance Locavesting Inclusive Economy Regeneration Impact Tech New Power Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Industry News Impact Management Good Business Personal Finance Faith and investing Billionaires
Gender Lens Investing Women Rising in India
SDGs Climate Finance Clean Energy Innovative Finance Full Stack Capital Long-termism
Opportunity Zones Investing in place
Entrepreneurship Return on Inclusion Good Jobs Inclusive Fintech Creative economy Housing New Schooled Well Being People on the Move
Conservation Finance Farmer Finance Financing Fish
Blockchain/AI/IoT Urban Tech Food Tech Inclusive Fintech
Human Rights Democracy and Peace News and Information
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States Growth Markets
Subscribe Log In

Small Canadian impact fund targets “economic reconciliation” for indigenous entrepreneurs

ImpactAlpha, June 13 – Canada’s indigenous communities face the same challenges as indigenous populations the world over, because of past injustices and persistent structural barriers. These include higher poverty rates, lower educational attainment, lower labor market activity, and poorer health and housing.

Indigenous entrepreneurs working to improve community outcomes and create jobs have greater difficulty accessing financing than their non-indigenous peers as well. What financing is available largely comes from government sources and is debt-based. 

Vancouver-based Raven Indigenous Capital Partners is raising a small impact fund to make equity investments in socially-focused indigenous entrepreneurs.

The fund, which launched in 2017, has raised C$1.75 million ($1.3 million) towards a C$5 million goal, with backing from seven investors, The Global and Mail reports. It is targeting investments of C$250,000 to C$1 million.

The goal is to promote “economic reconciliation” and help to keep wealth and capacity within indigenous communities, Raven’s Jeffrey Cyr said. “These businesses spin off other businesses and have all kinds of cascading effects.”

Its first investment highlights how: digital agency and certified B Corp Animikii Indigenous Technology offers web design, communications, branding and software development for other indigenous organizations. 

Community Foundations Canada, Inspirit Foundation, Lawson Foundation, Lochmaddy Foundation, Ottawa Community Foundation, Swift Foundation and Vancity have backed the fund.

In April, Bridging Finance, a $1.3 billion asset manager, launched a private-debt fund to support small on-reserve businesses, like grocery stores, pharmacies, housing and renewable energy projects.

You might also like...