B Corp Score:
Impact Goals and Strategy:
1. Localizing the UN Sustainable Development Goals
Rhiza delivers capital to underserved, high-potential, impactful social purpose organizations that are otherwise overlooked by traditional financiers and venture investors. To do this, Rhiza develops financial products that address gaps in the rural, as well as urban, and remote, social finance ecosystem
Rhiza’s Positive Impact funds and partnerships catalyze the localization of the SDGs for a just economic transition concurrent with climate resilience.
Rhiza is also a strong supporter of the B Corp movement, using the B Impact Assessment in the due diligence and impact reporting process.
2. Increase accessibility to and ‘democratize’ impact finance
Rhiza affirms that it is critical to create opportunities for a greater number of individuals and institutions to align their finances with their values. Typical impact venture funds are open to accredited investors only and entry is at a significant, often prohibitively high minimum investment.
CVR3 is open to all retail investors via an Offering Memorandum, with entry at an approachable $5000 minimum via SVX. The fund is also registered as a Venture Capital Corporation in British Columbia, offering BC residents a 30% refundable tax credit incentive.
Traction on Impact:
Rhiza’s present portfolios span across multiple SDGs, and at varying scale from rural/local, provincial, national, to international.
Rhiza Capital and CVR3 have created a number of innovative impact finance products that allow a diverse array of individuals to participate. Namely, the founding investment in CVR3 came from the Sunshine Coast Credit Union via the Impactful Term Deposit, a guaranteed investment product that allocates a portion of deposit capital into impact businesses.