Rhiza Capital
Email: [email protected]
Website: http://www.rhizacapital.com
Phone: 604-928-8931
Office Headquarters Address:
550 Wharf Ave #301, Sechelt, BC V0N 3A0
Background
Year Founded: 2015
Mission & Mandate: Investing as a Force for Good
Description: Rhiza Capital is a Certified B Corporation growing local economies and healthy communities by connecting root capital to impact ventures. We finance the UN SDGs through direct impact investing, place-based fund partnerships, and Positive Impact financial products within the credit union sector.
Fund Characteristics
Coast Venture Root Three
AUM: $6 million
Vintage year: 2019
Closing year: 2021
Fund term: 8 – 10 years
Asset class: Private equity, Venture capital
Investor eligibility: Institutional, Accredited, Retail
Minimum investment: $20,000
Geographic scope: Provincial, British Columbia
Committed capital: $3.5 million
Average investment size: $200,000
Investee type: For-profit organisations
Investment stage: Seed, Early
Success Story
Salish Soils
Sunshine Coast, BC | 2019
Salish Soils is an Indigenous-owned social venture, a compost-building facility in a rural area. On land that was formerly the site of an aggregate mine, which left the land degraded beyond repair, Salish Soils is building compost from a variety of sources, including the regional food scraps collection program, residential backyard waste, regional fish farm, construction and forestry waste. Instead of all of this going either into the landfill, being burnt or otherwise discarded to the detriment of the environment, Salish is creating a high quality, value-added product, much sought-after by landscapers, gardeners, farmers and local governments throughout the region. The social venture also helps to address, in concrete ways and at a local level, challenges including unemployment, homelessness, food security, gender and racial justice, mental health and wellness, poverty reduction, reconciliation with Indigenous peoples, resilient, climate-conscious economic development, COVID/recession recovery and more.