Raven Indigenous Capital Companions, North America’s solely Indigenous-led and owned enterprise capital middleman, has launched its second fund.
Raven Fund II, which makes investments in cutting-edge, scalable Indigenous companies to advance the welfare of Indigenous Peoples, has a goal dimension of $75 million. It hit an preliminary shut of $46 million from buyers together with BDC Capital, Farm Credit score Canada, Vancity, Financial institution of America, and the TELUS Pollinator Fund for Good.
“Indigenous entrepreneurs can’t, or don’t wish to, entry conventional capital, which limits alternatives to scale their companies. Our mission is to empower Indigenous entrepreneurs with the capital and experience they should succeed, whereas recognizing progress strikes on the velocity of belief,” defined Stephen Nairne, Raven Capital’s Chief Funding Officer, in a press release.