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Impact Alpha: Raven Group lands backing for its outcomes-based finance fund

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June 11, 2024

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Impact Alpha

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Building Trust-Based Finance for Indigenous Communities

‍Raven Indigenous Outcomes Funds (RIOF) is raising C$50 million to support Indigenous-led health and climate initiatives through outcomes-based finance. With early backing from organizations like the Christensen Fund and Boann Social Impact, RIOF’s community-driven outcomes contracts (CDOCs) are setting a new standard for trust-based, impact-focused investment. Recent successes include geothermal energy and housing retrofits for Fisher River Cree Nation and Peguis First Nation.