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Our Investments

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Active Impact Investments: Fund III

Active Impact Investments ("Active”) is Canada’s largest climate tech seed fund. Active provides money and talent to accelerate the growth of early-stage climate tech companies that can achieve venture scale while solving the most urgent environmental issues and building momentum towards a net-zero future. Fund III is seeking North American startups in their four climate verticals: Clean Energy & Transportation, Circular & Sharing Economy, Infrastructure & Carbon Solutions, Sustainable Food & Water.

InvestEco

InvestEco was formed to partner with innovative companies that are working to build a healthier planet. Their goal is to make a strong financial return for investors while supporting companies that are making a positive impact on the world. Since founding in 2002, InvestEco has invested in over thirty companies that promote health and sustainability in the food and agriculture sector. InvestEco strives to develop a true partnership with portfolio companies, and to add value through deep sector experience, a wide-ranging network and an entrepreneurial approach to business. InvestEco is based in Toronto, with team members in Quebec, Saskatchewan and Florida. InvestEco’s investments span across Canada and the United States.

Local Investing YYC Cooperative: LIYYC Fund III

Local Investing YYC came together in 2018 with a mission to enable all Albertans to invest in Calgary's local economy for a sustainable future. This is achieved by removing barriers and harnessing community capital to support growth-oriented, purpose-driven businesses that generate positive financial, social and environmental returns. Local Investing YYC believes that positive impact is a key business differentiator and powerful dimension to be included in investment decisions. These businesses are focused on tackling important social and environmental challenges through sustainable business models and are looking to provide for a more healthy and vibrant local economy for the future. Since inception, Local Investing YYC has raised over $2.3 million and made investments in 10 impactful local businesses. In January 2023, they launched our third capital raise and proudly have grown their investor community to over 140 individuals, corporations and institutional investors. It is through this incredible support that the group will continue to demonstrate the power of their common vision of Calgary as a place with unmatched talent and spirit to solve some of the world's most pressing societal challenges. In December 2023, Boann Social Impact invested in this third capital raise which will support Local Investing YYC’s investments and impact.

New Market Funds: Rental Housing Fund II and Revolving Loan

New Market Funds Inc. (NMFI) is a B Corp certified multi-fund manager that delivers investment opportunities with financial returns and lasting community benefit in the affordable housing sector and community lending. Boann is proud to invest in both NMFI’s Rental Housing Fund II and Revolving Loan. Fund II will drive investment in purpose-built, multi-family rental housing, while the Revolving Loan will support non-profit housing acquisitions to preserve long-term affordability. Like Boann, NMFI takes an ecosystem approach to advancing its mission. Alongside its emphasis on housing affordability, NMFI prioritizes connecting non-profits and cooperatives with capital in ways that promote long-term financial strength, reducing major GHG sources, and providing employment opportunities. NMFI also maintains a strong deal network through ongoing partnerships with non-profit developers, non-profit and cooperative housing operators, government agencies, community and private foundations, community loan funds, and commercial real estate brokers –– all critical players in a housing ecosystem that can deliver affordability now and into the future.

Renewal Funds: Renewal5

Renewal Funds supports exceptional founders building technology and platform businesses to drive meaningful climate and ecosystem impacts at scale. Renewal Funds’ investments help improve the affordability of climate solutions across the energy, food and transportation systems; support the conservation and stewardship of natural resources; and improve the circularity of our economy. Alongside investing in solutions to the most pressing climate and ecosystem crises, Renewal Funds provides catalytic capital, investing in essential innovations, sub-sectors and business models that have either been deemed too challenging for venture capital investment or overlooked entirely at the early stage. Renewal5 –– Renewal Funds’ fourth sustainability-focused impact venture capital fund –– continues Renewal’s track record of mission-driven investing in early growth stage companies. Boann’s investment in Renewal5 is an extension of our commitment to building up both climate solutions and a social finance marketplace that welcomes new leaders.

Spring Impact Capital

Spring Impact Capital invests in Canadian entrepreneurs to scale innovation for a more sustainable, healthy and equitable world. The fund was launched in 2023 and is part-owned by Spring Activator, one of Canada’s most established impact accelerators. Over the last decade, Spring Activator has supported over 3000 impact entrepreneurs, engaged with 900+ investors and invested in 17 deals. Spring Impact Capital utilizes the deal sourcing engine and breadth of resources of Spring Activator to help support portfolio companies to scale. Our mission is to fill a critical gap funding Canadian entrepreneurs at the seed/pre-seed level, catalyzing positive innovation in climate and health. Spring has a track record of working with diverse or underserved entrepreneurs, and our strategy includes supporting our companies with diversity at the leadership level. The fund is targeting a $20m close and is part of a vision of creating a new impact investing fund platform focused primarily on Canada.

The51 Food & AgTech Fund I

Launched in the spring of 2022, The51 Food & AgTech Fund I is on a mission to support exceptional founders who are addressing urgent climate challenges in the food and agriculture sectors through innovative tech solutions. The fund will be investing in around 25 Canadian deep-tech companies, led by diverse teams, focused on reducing emissions and improving sustainability.

The Raven Indigenous Outcomes Fund

The Raven Indigenous Outcomes Fund (RIOF) is a first-of-its-kind fund (C$50M) that manages outcomes-based financing instruments to address priority issues in Indigenous communities. The fund will manage outcomes contracts in health and climate. In health, Minoayawin, a community-centred lifestyle intervention initiative, aims to reduce T2 diabetes prevalence using a two-eyed-seeing approach, incorporating Indigenous knowledge systems with Western methods. Outcomes contracts in climate will advance the net zero transition for on-reserve housing through electrification and climate-conscious retrofits targeting energy efficiencies, GHG emission reductions, and localized training and employment opportunities. The Raven Indigenous Outcomes Fund is part of the group of funds on the Raven Indigenous Capital Partners platform, the first Indigenous-focused private equity firm in Canada and the United States. With a targeted first close in December 2023, this fund seeks to build economic reconciliation and implement UNDRIP.

Thrive Impact Fund Investors

Thrive Impact Fund investors are mobilizing catalytic capital to enable investees to build strong financial models, grow their operations and deepen their impact. Founded in 2021, Thrive Impact Fund provides impact organizations with flexible and equity-like debt financing. The fund was designed by non-profit and social enterprise leaders who have experienced barriers to traditional financing and understand the need for patient financing. Thrive Impact Fund investorsWe utilize our extensive impact and entrepreneurial experience, as well as deep networks, to identify and support investees, helping them chart their path toward success.

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The Government of Canada’s Social Finance Fund (SFF) is a $755 million initiative that seeks to accelerate the growth of Canada’s social finance market. The SFF will support charities, non-profits, social enterprises, co-operatives and other social purpose organizations (SPOs) in accessing flexible financing opportunities. Greater access to social finance through the SFF will help them grow, innovate, and enhance their social and environmental impacts.

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