Firms like Raven Indigenous Capital Partners invest exclusively in Indigenous and Native businesses in Canada and the U.S., looking beyond commercial metrics of success
Stephen Nairne thinks he’s only cried once since cofounding Raven Indigenous Capital Partners in 2018. It was during the Indigenous-led venture capital firm’s annual retreat for founders, when an elder of the Gwawaenuk First Nation, Chief Robert Joseph, told the group, “I’d never even heard of an Indigenous CEO, and now I’m sitting in a circle with 10 of them.”annually to the country’s GDP.
Indigenous entrepreneurship existed before Canada began, but colonial legacies have long created systemic barriers to socio-economic growth. Access to capital is especially difficult for businesses on reserves since they cannot leverage property as collateral – a legacy of the Indian Act, which prohibits Indigenous people from owning property on reservations.
The firm often invests in companies in pre-seed stages – the initial ideation stage of a business – and offers support through the growth process. Raven has allocated the VCCI funding for their Opportunities Fund, which is made up of five or six of the most successful businesses from Raven’s Impact Fund 1, a portfolio of 11 businesses.
Ordid3254499982 Economic Reconciliation Economic Sovereignty Raven Business People Joe Nairne Capital Company Canada Canada Stephen Nairne Raven
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