Thrive invests locally, for impact
Thrive Impact Fund is an impact-first, place-based fund that provides flexible, patient financing and wrap-around support to non-profits, co-operatives, and for-profit social enterprises creating social and/or environmental benefit in British Columbia.
Launched in June 2021, we exist to unlock overlooked and under-capitalized investment opportunities—helping enterprises that have faced barriers to accessing capital grow their revenue and impact.
We invest in organizations based in BC (or expanding into BC) that serve diverse communities, create jobs locally, and amplify or unlock other sources of capital through term and bridge loans, flexible mortgages, and revenue-based financing.
Who is Thrive Impact Fund?
Thrive’s team brings decades of expertise in launching and growing social enterprises, and a track record of impact investing.
Kristi Rivait
Board Chair
Kristi Rivait is a social entrepreneur who brings 15+ years of executive-level experience, with a proven track record of successfully raising capital.
Kristi Fairholm Mader
Board Member, Managing Director
Kristi Fairholm Mader brings 20 years of executive leadership in the non-profit and social enterprise sector with a track record of growth and scaling successful models.
Andrew Greer
Board Member, Interior Lead
Andrew Greer brings 15 years of experience in social enterprise, early-stage venture, and business development. He is a collaborator and brings community projects to fruition.
Lee Herrin
Board Member, Administrative Lead
For over 20 years, Lee has worked in management and leadership roles in both the public sector and with non-profits. He is always focused on identifying opportunities for growth and greater impact.
Nicole Bradbury
Senior Advisor
Nicole brings over 30 years of investment industry experience, almost half of which was spent as an impact venture capital fund partner supporting early and growth stage sustainability businesses in North America.
Morgan Brannon
Portfolio Relations
Morgan’s experience with her private sector and non-profit pursuits laid the foundation of her approach to sharing objective, optimistic guidance to initiate growth and move organizations forward.
Thrive Impact Fund is:
Place Based
We live in British Columbia and love this place. We see that the challenges our communities face are unique, and Thrive Impact Fund provides an opportunity for investors to make a difference across our province.
Impact First
Impact first means financial returns do not come at the expense of social and/or environmental benefit. In our increasingly stressed world, impact-first investments can create both financial and impact returns. For Thrive Impact Fund, impact first is not just a desire to support positive change in the world, it is also a good investment policy.
Women Led
Less than 2% of funds under management are directed by women. 80% of impact organizations are led by women. Thrive is women-led, and is leading how funds and investments are directed.
A Flexible Lender
Thrive’s financing options fill an important gap. Our loans and investments are flexible and, carefully designed to meet the needs of impact-first businesses and organizations where rapid growth is not the primary outcome.
Evergreen
Thrive Impact Fund is designed to exist in perpetuity. Funds invested are loaned out, and upon repayment, are circulated out again, and again, and again. A dollar invested with Thrive may be reinvested up to three times during the initial term period. An evergreen approach helps Thrive stay sustainable well into the future.
Regenerative
The world needs solutions that put people and the environment first. Future growth requires regenerative solutions that benefit people, planet, and communities. Regenerative means we ask difficult questions such as ‘who benefits,’ ‘where do profits go,’ and ‘what impact is our money having on the world’.
We respectfully acknowledge that the offices of the Thrive Impact Fund are located on the unceded, ancestral and traditional territories of the lək̓ʷəŋən-speaking peoples. We recognize the Songhees and Esquimalt Nations and W̱SÁNEĆ peoples who have historical relationships with the land that continue to this day.