How We Invest

We invest in non-profits, co-operatives, and for-profit social enterprises generating positive social and environmental impact. We provide flexible, patient financing tailored to impact organizations, along with hands-on support, peer coaching, and mentoring to help you succeed.

Who We Invest In

Incorporated organizations based in or serving British Columbia with a revenue stream or asset that generates income. For term and revenue-based financing, organizations typically have at least one year of earned revenue.

Investment Themes

Early Revenue

Bridge Financing

Business Expansion

Asset Acquisition

Business Acquisition

Social Purpose Real Estate

We offer a range of flexible and patient financing options to support different stages of growth and investment needs. From early revenue and bridge financing to expansion, acquisition, and social purpose real estate, our financing is designed to help impact organizations grow their revenue and scale their impact.

The Process

1. Send An Inquiry

Are you BC-based or BC-serving non-profit, social enterprise, or impact business looking for financing? Start by filling out this form.

2. Preliminary Assessment

If your inquiry meets the eligibility requirements, a member of our team will reach out to discuss your project and financing needs.

3. Invitation to Apply

If we look like good investment partners, Thrive will invite you submit an investment application. At this point you will also be asked to pay the application fee.

4. Due Diligence

The due diligence process usually takes around two months. It includes document review, risk analysis, and approval from our Investment Committee.

5. Board Approval

Once approved by our Board, we execute loan agreements, disburse funds, announce the investment and welcome new investees to the Thrive community.

6. Impact Reporting

We work together to track and report out on your impact and growth outcomes.

Financing

BRIDGE FINANCING

Daily rate for PO invoicing
Monthly rate for longer-term bridge loans
Investments up to 75% of contract (etc.) amount
Maximum loan size of $500,000
FLEXIBLE TERM LOANS

Rates between 6-10%
Flexible collateral requirements
Tailored interest-only periods
Up to 5 years
Investments from $50K-$500K
REVENUE-BASED FINANCING

Rates between 3-5% of revenue with multiple of 1.5-2x 3-5 years Pay as you grow model
Investments from $100k-$400K

Support

Thrive Impact Fund knows that just money is not enough. Amazing enterprises succeed with the support of the community and mentors. As an impact investment fund, Thrive Impact Fund brings together the power of capacity, community, and expertise to help investees succeed. Here’s what to expect:

Community

Our investees join a community of impact organizations and social entrepreneurs. Investees attend gatherings on a monthly basis to share lessons, build connections, and learn from experts on areas of business development and growth. This peer community is nurtured and accessible for the entire duration of the investment relationship.

Expert Support

Thrive Impact Fund is an hands-on investor. We provide expert support and coaching to our investees alongside financing to help them realize opportunities and mitigate challenges. As part of our active management practice, investees are connected with the right mentor or coach for their unique need and receive regular check-ins with our team .

FAQs

Thrive Impact Fund invests in non-profits, co-operatives, and for-profit social enterprises based in or serving BC that generate positive social, environmental, or cultural benefits.

Thrive Impact Fund finances organizations with at least a one-year track record of proven earned revenue. Existing revenue streams are necessary to ensure the repayment of our loans. Grants or angel investment may be better suited to support your start-up phase.

We believe in financing entire projects, and we know that organizations need capital to purchase assets and equipment as well as day-to-day operations. With that perspective, Thrive Impact Fund’s financing includes working capital to cover your expert service costs, staff expenses, inventory, etc. Expenses like these are eligible for financing.

Thrive Impact Fund is an impact investment fund which provides debt instruments to investees in the form of bridge financing, term loans, and revenue-based financing. These financial tools are tailored to the investee’s projected growth profile and repayment capacity, focusing on shared success.

Impact sector organizations often face an inability to provide the collateral and/or guarantees required to access financing. Thrive Impact Fund is a risk-tolerant partner and does not ask for personal guarantees. We believe that the repayment capacity of an investee relies upon matching the right financial tools to each project and providing hands-on support to support success.

The application fee is $250. If the loan is approved, there is a drawdown fee and a documents fee to cover legal costs.

What Our Investees Say

“We are excited to work with the Thrive Impact Fund and are appreciative of how collaborative the investment process is. I am particularly looking forward to learning from a group of purpose-driven businesses as part of the cohort of investee organizations. We know we’re working with an organization that understands what social enterprises need to grow, and are working towards creating a strong ecosystem of like-minded entrepreneurs.”

Jeff Ward, Animikii Indigenous Technology

“The investment from Thrive has been a game-changer for us as we grow our social enterprise non-profit in the environmental scene. It’s not just about the financing that is helping us grow sustainably and supports us as we scale up. Coaching and support from the team and its mentors have been pivotal in helping us identify pain points, prompting us to think bigger and more bravely, and have been the push we need to make a big difference in water monitoring.”

Kat Kavanagh, Water Rangers
“The Thrive Impact Fund team helped us understand all the ins and outs of the importance of our impact in the community, environment, and economy. Our conversion to a worker’s co-op was a natural step forward that would include these aspects. With the Thrive Impact Fund, we know we have the support needed to make our dream co-op a success.”
Tanya King, The Makehouse Co-op
“I’m grateful for how supported we feel by the Thrive Impact Fund team and how excited they are about our work. We also appreciate the revenue based model—which was one of our biggest attractors to working with Thrive Impact Fund—it is a fair and game-changing way to get in the game with the money we need to grow. It really feels like we’re pulling our dream team together here to make Majik with!”
Bradley T. Morris, Majik Media & Majik Kids

“Financing is what pushes a company towards success. Thrive Impact Fund supports impact-focused companies like Nyoka Design Labs access the type of financing that is often only available to later stage companies. Having a diverse financing strategy is already helping accelerate our impact, boost our revenue, and helps me sleep at night. Thank you so much to the Thrive team for supporting our success!”

Paige Whitehead, Lux Bio

“We are so grateful for the support we’ve received from Thrive Impact Fund, and we’re just getting started. Financial support is essential while we’re growing our venture, so we can build a strong team to support our local food community in a sustainable and equitable way. The peer group and coaching will help us build our expertise; we are excited and feel we’ve started on a good path together.”

Laura Gair, Victoria Community Food Hub Society

“Investment from Thrive will help accelerate Future of Good’s next phase of growth and impact. Expanded learning experience offerings, enhanced online user experience, and better onboarding and engagement of teams are a few key features that Future of Good’s members can expect over the coming months. We appreciate the financing, the trust and the relationship that Thrive is building with us as an organization.”

Vinod Rajasekaran, Future of Good
Scale Collaborative
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We respectfully acknowledge that our offices are located on the unceded, ancestral, and traditional territories of the lək̓ʷəŋən-speaking peoples, also known as the Songhees and Xʷsepsəm Nations, who have historical relationships with the land that continue to this day.