VERGE Capital VERGE Startup Fund
Product Details
Product Name: VERGE Startup Fund
Overview: The VERGE Startup Fund provides loans to local early-stage enterprises with both a solid business case and a strong community impact model. We support pre-launch and pre-revenue to early stage with loans from $5,000-$100,000. We are industry, structure and impact agnostic.
Issues Focused: Sustainable Cities and Communities
Asset Class: Private Debt
Geography: Ontario
Impact Measurement
IRIS 4.0 Social Impact Objectives: Access to Education, Access to Financial Services, Access to Information, Affordable Housing, Agricultural Productivity, Community Development, Employment Generation, Equality and Empowerment, Food Security, Generate Funds for Charitable Giving, Health, Income/Productivity Growth
IRIS 4.0 Environmental Impact Objectives: Energy and Fuel Efficiency, Natural Resources Conservation, Pollution Prevention & Waste Management, Sustainable Energy, Sustainable Land Use, Water Resource Management
IRIS 4.0 Targets: Children (<10 years old), Adolescents (10-18 years old), Adults (>18 years old), Elderly/older adults, Persons with Disabilities, Minority/previously excluded populations, Women, Other At-Risk populations
Impact Evidence Type: Not Specified
VERGE Capital

Last updated by VERGE Capital on 05 Nov 07:08

Investment Details
Legal Structure: Unsecured Debt
Product Stage: Not Specified
Part of Series: First
Investment Availability: Closed
Minimum Investment:
Investor Eligibility: Foundations/Endowments, Accredited Investors
Assets Under Management: AUM < $1 million
Average Management Fees %:
Average Performance Expectations: 4% ≤ Expectations ≤ 8%
Performance To Date: At Expectations