Raven Indigenous Capital Partners launches second fund – Wealth Professional
Venture capital fund seeks to promote economic inclusion and prosperity among Indigenous Peoples in Canada
Sep 19, 2022
Raven Indigenous Capital Partners, North America’s only Indigenous-led and owned venture capital intermediary, has launched its second fund.
Raven Fund II, which makes investments in cutting-edge, scalable Indigenous businesses to advance the welfare of Indigenous Peoples, has a target size of $75 million. It hit an initial close of $46 million from investors including BDC Capital, Farm Credit Canada, Vancity, Bank of America, and the TELUS Pollinator Fund for Good.
“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,” explained Stephen Nairne, Raven Capital’s Chief Investment Officer, in a statement.
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