- Raven’s first fund, launched in 2019, closed at C$25 million
- Raven’s initial fund made 20 investments in 11 companies, including OneFeather
- Raven provides late seed and early-stage capital to Indigenous enterprises
Raven Indigenous Capital Partners, a Vancouver-based Indigenous-led and owned venture capital firm, has launched its second fund with an initial close of C$46 million. The offering’s target size is C$75 million.
Raven Fund II’s initial investors include BDC Capital, Farm Credit Canada, the Telus Pollinator Fund for Good, Vancity and Bank of America.
“Indigenous entrepreneurs cannot, or do not want to, access traditional capital, which limits opportunities to scale their businesses. Our mission is to empower Indigenous entrepreneurs with the capital and expertise they need to succeed, while recognizing progress moves at the speed of trust,” said Stephen Nairne, chief investment officer of Raven Capital, in a statement. “We want to transform the concept of money as power and extractions, to money as medicine, paving a path to healing, community empowerment, and economic reconciliation. That’s why every dollar we invest is explicitly linked to elevating Indigenous Peoples and communities.”
Raven Indigenous Capital Partners provides late seed and early-stage capital to innovative, scalable, purpose driven Indigenous enterprises in Canada and the US.
Raven’s first fund, launched in 2019, set an initial goal of C$5 million and closed at C$25 million. To date, it has made 20 investments in 11 companies, including OneFeather, a Victoria, British Columbia-based company developing Indigenous banking solutions. OneFeather is in the process of raising a Series B financing.