The Raven Indigenous Impact Fund focuses on bringing flexible patient capital to invest with Indigenous social enterprises and community-owned enterprises in Canada that are at an early-and-growth stage. The Fund will enable Indigenous social enterprises to access resources and opportunities needed to succeed from a trusted partner. The Fund represents a sustainable, values-driven approach to poverty reduction and community resilience that will directly contribute to the development of an Indigenous middle class. Enterprises are screened through a unique Indigenous impact lens and the Fund focuses on deal sizes that range from $250K to $1.1M. The Fund will offer a combination of bespoke technical/managerial assistance to support a new generation of Indigenous social enterprise.
For Investors, the Fund seeks to combine a strong social and environmental impact statement and generate competitive returns. As a demonstration fund, Raven is creating the pathways into Indigenous communities, building critical relationships and growing a large base of entrepreneurs and enterprises that are investment ready. The fund is targeting a 4-6% (net IRR), two-year investment period over an 8-year fund life. Please contact us for more details.
Raven Fund Portfolio
Since inception in May 2019, the Raven Indigenous Impact Fund has invested in three innovative, scalable Indigenous enterprises.
Raven Indigenous Capital Partners announces investment in Cheekbone Beauty Cosmetics
COAST SALISH TERRITORY (Vancouver, BC) - September 30, 2019
Coming off the heels of this past week’s CBC Dragon Den’s pitch, CEO, Jenn Harper of Cheekbone Beauty Cosmetics is glowing. Her cosmetic company didn’t receive what she wanted from the Dragon’s Den but instead received $50K from Desjardins and a major new investment.
Raven Indigenous Capital Partners announced an investment of $350,000 into Cheekbone Beauty Cosmetics; a leading Indigenous natural cosmetics company headquartered in St. Catharine’s, Ontario. Founded by Jenn Harper (an Anishinaabe marketing professional) in 2016, the company launched its branded product line using a sophisticated brand ambassador social media strategy, and now ships lipsticks, glosses, contour kits, and brow products across Canada, the United States, and Australia. Cheekbone also embeds a deep social mission in its business model, donating ten percent of profits to the First Nation’s Child and Family Caring Society.
There is nothing more empowering than someone believing in the vision of your brand as much as you do. It is life changing. I’m really looking forward to our new relationship with Raven Capital so that I can scale Cheekbone Beauty Cosmetics with confidence. This is a product with a mission! said Jenn Harper, CEO of Cheekbone Beauty Cosmetics.
The beauty industry has experienced explosive growth over the past five years and continues to outpace broader economic trends. Half of that growth has come from online sales, which has been the basis of Cheekbone Beauty since its inception. This is part of a generational shift to organic, locally made, artisanal brands that have a compelling, mission-aligned narrative for young consumers.Read more
Animikii Raises $1M to Scale Social Impact Through Indigenous Technology
News Release - June 18, 2019: Animikii Inc.
Animikii recently announced $1 million in financing from Raven Indigenous Capital Partners (Raven) and the Business Development Bank of Canada (BDC). The funds will be used to further build out the team and support the further development of Animikii’s Indigenous data sovereignty product to complement the company’s existing digital services.
“This $1 million in financing marks an historic event as it is the largest investment of its kind to support an Indigenous technology social enterprise on Turtle Island.” says founder Jeff Ward. He continued, “We hope to lead the way for other Indigenous tech companies to access capital at this level in the future.”
The financing consists of $750k equity investment from Raven, who will be joining Animikii’s board. Jeff Cyr, Managing Partner at Raven says
“As an Indigenous impact investor in Canada, we found the perfect partner in Animikii, a cutting edge tech firm with a deep impact narrative and Canada’s first Indigenous B Corp, it’s really a trifecta for impact investment. We believe Animikii is amongst the first in a wave of high value Indigenous social enterprises.”For more information on Animikii and to read the full article click here.
New venture capital fund helps Indigenous businesses scale
News Release - June 9, 2019: Globe and Mail online
The Raven team is excited to announce the initial closing of Raven Fund 1 and it's first equity investment in a Canadian Indigenous business. Read the Globe and Mail article on initial closing of Raven Impact Fund I and investment in Animikii Indigenous Technology.
Animikii is a digital agency that drives social innovation through Indigenous technology.
Read the full article here