Raven Northern Lights Fund
EntrepreNorth and Raven Indigenous Capital Partners signed a Partnership Agreement to collaborate on the development of a Raven Northern Lights Fund that will aim to invest in Northern Indigenous entrepreneurs in the Yukon, Northwest Territories, and Nunavut. This partnership combines Raven Capital’s Indigenous investment experience and EntrepreNorth’s experience building business knowledge and skills across the North.
As part of the fund development process, Raven Capital will raise $5 million from investors to establish the Fund. The fundraising process will officially begin by July 1, 2021. Once the fund is established, hopefully by the fall of 2021, it will provide opportunity to make 12 to 15 investments into Northern Indigenous businesses with deal sizes ranging from $50K to $250K.
The fund will operate as a revenue share model that self-liquidates as revenue is generated by the business. This will provide flexible financing for businesses with seasonal business cycles and allow entrepreneurs to retain ownership in their businesses.
Northern Indigenous Entrepreneurs
To demonstrate deal flow for Investors, we are conducting a short survey to prepare example investment opportunities in the North. We kindly request your support to complete the survey and help our efforts to develop a transformative impact fund that is built for Indigenous and community-based entrepreneurs in the North.
We appreciate all your support and the time taken to complete this survey!