Thrive Impact Fund

What Thrive Impact Fund does

Thrive Impact Fund is a BC Benefit Company and women-led impact investment fund founded in June 2021 to provide flexible, patient financing to non-profits, co-operatives, and for-profit social enterprises based in or serving British Columbia. The fund operates an evergreen structure in which invested dollars are loaned out, repaid, and recirculated for further investments up to three times during the initial term period, amplifying capital efficiency for impact-first deployments. Thrive generates revenue primarily through loan interest and associated fees: term loans priced at 6–10% ($50K–$500K, up to 5 years), revenue-based financing at 3–5% of revenue ($100K–$400K, 1.5–2x multiples over 3–5 years), and bridge financing up to 75% of contract amount with a $500,000 ceiling, plus a $250 application fee and drawdown and document fees. The fund's go-to-market is a direct, relationship-driven lending process — eligibility inquiry, preliminary assessment, invitation to apply, approximately two months of due diligence, board approval, and ongoing impact reporting — targeting investees with at least one year of earned revenue.

The fund's underlying technology is an impact measurement framework that maps investments to IRIS+ metrics and the UN Sustainable Development Goals (SDGs), producing standardized portfolio impact reporting rather than a software platform. Thrive's portfolio reached 23 organizations with 15 active investees and $3.13M deployed in 2025, spanning climate resilience, food security, local media, clean technology, and social equity themes. The fund augments capital with wrap-around investee support services, including monthly peer connections, quarterly check-ins, coaching, and mentoring. Thrive is a subsidiary of Scale Collaborative and Purppl, headquartered in Victoria, British Columbia, on the territories of the Songhees and Xʷsepsəm Nations, and serves accredited investors seeking local impact exposure alongside BC-based impact borrowers.

Name

Thrive Impact Fund

Legal name

Thrive Impact Fund

Website

https://thriveimpactfund.ca

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Thrive Impact Fund is a women-led BC Benefit Company that provides flexible, patient financing (term loans, revenue-based financing, and bridge loans) to non-profits, co-operatives, and social enterprises across British Columbia, supported by coaching and peer community services.

Ownership category

akta.pro rank

Product category

Impact Investment Fund / Social Finance Lending

NAICS

Grantmaking and Giving Services (81321)

SIC

Investment Advice (6282)

akta.pro primary industry

Impact Investing & Social Finance (Funds, CDFIs, Microfinance) (BPAGALAA)

akta.pro secondary industries

Social Impact & Inclusive Finance Funds (FSANAJAH), Impact Investment & Social Finance Programs (BPADAOAJ)

Keywords

• Impact investing
• Social enterprise financing
• Patient capital
• Flexible term loans
• Revenue-based financing

Headquarters

HQ city

Victoria

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Loan Interest and Fees: Thrive generates revenue through interest on loans (6-10% for term loans, 3-5% of revenue for revenue-based financing) and associated fees including application fees ($250), drawdown fees, and document fees for legal costs.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Thrive Impact Fund is a women-led, evergreen impact investment fund that provides flexible, patient debt financing to non-profits, co-operatives, and for-profit social enterprises based in or serving British Columbia. It offers bridge financing, flexible term loans, and revenue-based financing, bundled with non-financial investee support services including peer connections, quarterly check-ins, coaching, and mentoring. The fund mobilizes capital from accredited investors and institutional partners to deploy into impact organizations that face barriers to traditional financing.

Product overview

Thrive Impact Fund operates as a single, unified impact investment fund offering three core loan products: Bridge Financing, Flexible Term Loans, and Revenue-Based Financing, along with dedicated investee support services including peer connections, coaching, and mentoring. The fund connects accredited investors with BC-based impact organizations requiring capital, functioning as both a lending institution and community builder for social enterprises.

Differentiator

Problem solved

Functional benefit

Products and services

• Bridge Financing Short-term financing option for BC-based impact organizations. Provides daily rates for PO invoicing and monthly rates for longer-term bridge loans, with investments up to 75% of contract amount and maximum loan size of $500,000. Designed for organizations needing working capital during tight cash flow periods.
• Flexible Term Loans Patient term loans for BC-based non-profits, co-operatives, and for-profit social enterprises generating positive social and environmental impact. Rates between 6-10%, flexible collateral requirements, tailored interest-only periods, terms up to 5 years, and investments from $50,000 to $500,000.
• Revenue-Based Financing Pay-as-you-grow financing for BC-based impact organizations. Rates between 3-5% of revenue, multiples of 1.5-2x, over 3-5 years, with investments ranging from $100,000 to $400,000. Repayment scales with the organization's revenues.
• Impact Investment Opportunities Opportunity for accredited investors to invest locally for impact across British Columbia. Targets high-impact organizations and social enterprises, using an evergreen fund model where invested dollars may be loaned, repaid, and reinvested up to three times during the initial term period.

Named customers8 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• SpringcoreStrategic or Co-development Partner · 9 September 2023Thrive partnered with Spring and Ontario Trillium Foundation to host the Blended and Catalytic Capital Summit, convening capital deployers from across Canada to explore innovative financing structures and processes.
• Ontario Trillium FoundationcoreStrategic or Co-development Partner · 9 September 2023Partnered with Thrive and Spring to host the Blended and Catalytic Capital Summit, supporting the social finance ecosystem across Canada.
• Scale CollaborativecoreOthersThrive Impact Fund is a subsidiary of Scale Collaborative, providing organizational support and partnership in launching impact investing initiatives.
• PurpplcoreOthersThrive Impact Fund is a subsidiary of Purppl, contributing to the collaborative structure of the impact investment fund.

Scale indicators7 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Vancity Credit Union: British Columbia's largest credit union with a deep social and environmental mission, offering community impact lending, community investment funds, and member services across BC — directly comparable to Thrive as a values-based BC financial institution serving impact organizations and underserved borrowers in the same geography.
• Renewal Funds: BC-based impact venture capital fund investing in companies focused on environmental sustainability and social equity across Canada — directly comparable as a BC-headquartered impact investment fund with similar mission alignment, though focused on equity rather than debt financing.
• SVX: Canadian impact investing platform connecting impact funds, social enterprises, and investors across Canada — directly comparable as a Canadian impact finance intermediary operating in the same social investment ecosystem, though functioning more as a deal-matching platform than direct lender.
• Coast Capital Savings: Large BC-based credit union with a strong social purpose mandate and community impact lending programs serving British Columbia — comparable as a regional financial institution providing impact-aligned financing to individuals, businesses, and community organizations in the same geography.
• Rally Assets: Canadian impact investment fund manager focused on clean technology, climate solutions, and social enterprises — directly comparable as a Canadian impact fund manager providing capital to mission-aligned organizations, though with a heavier emphasis on clean tech and growth-stage equity.
• Investeco Capital: Canadian ESG and impact-focused private fund manager investing in environmental and social enterprises — comparable as a Canadian impact investment fund manager operating with similar mission-aligned investment criteria and serving impact entrepreneurs across Canada.
• Raven Indigenous Impact Fund: Indigenous-led Canadian impact fund providing capital and capacity-building support to Indigenous-led organizations and social enterprises — directly comparable as a Canadian impact investment fund focused on undercapitalized communities, with a similar relationship-driven, capacity-building lending approach.
• Boann Social Impact: Canadian impact investment fund manager providing debt and equity capital to social enterprises and impact organizations — directly comparable as a Canadian impact lender and fund manager; notably serves as Thrive's institutional capital partner, indicating overlapping strategy and customer base.

Broad incumbents

• Beneficial State Bank: US-based B-Corp certified community development bank providing mission-driven banking and lending services to non-profits, social enterprises, and underserved communities — comparable as a values-based financial institution providing flexible, relationship-driven financing with social and environmental impact objectives.
• Calvert Impact Capital: US-based nonprofit impact investment intermediary operating the Community Investment Note platform to channel capital to mission-driven organizations globally — comparable as a larger, established impact finance institution offering debt capital and structured products to social enterprises, though operating at significantly greater scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/scalecollaborative
• LinkedInlinkedin.com/company/thrive-impact-fund

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Thrive Impact Fund