Thrive Impact Fund
Email: hello@thriveimpactfund.
Website: www.thriveimpactfund.
Phone: 778-679-4920
Office Headquarters Address:
300-722 Cormorant Street, Victoria BC, V8W 1P8
Background
Year Founded: 2021
Vision: Thrive Impact Fund is a place-based fund that sees untapped potential in local communities and a desire for investors to see their money make both financial and impact returns.
Mission & Mandate:Thrive Impact Fund focuses on providing flexible and patient capital, providing the right capital at the right time to help social enterprises grow. We provide financing to non-profits, co-operatives and for-profit social enterprises.
Description:Thrive Impact Fund loans are flexible, patient, and take a different approach to loan repayment guarantees other than restrictive collateral requirements. We aim to remove barriers to capital for non-profits, charities, and enterprises operated by people who traditionally are overlooked by conventional lenders.
Fund Characteristics
Thrive Impact Fund
AUM: $10 million, goal
Vintage year: 2021
Closing year: Evergreen
Fund term: 10 years
Asset class: Private debt
Invests in impact-focused organizations (non-profits, co-ops and for profit social enterprises); BC with a focus on Vancouver Island and Interior; Almost $5M committed; Thrive invests at the early and growth stage
Committed capital: $5 million
Average investment size: $50,000- $400,000K
Investee type: All
Investment stage: Early revenue and mature growth stage
Success Story
Water Rangers is a non-profit focused on citizen-led water testing with crowdsourced data helping increase common knowledge towards sustainable waterways. Thrive provided a transformative loan that assisted them to fund operations and scale their growth.
Can read the case study here: https://thriveimpactfund.ca/wp-content/uploads/2023/05/SIsocialFinance_CaseStudy_WaterRangers.pdf and review the portfolio here: https://thriveimpactfund.ca/portfolio/
