VERGE Capital helps social enterprises (nonprofit, for-profit and cooperatives) bring their business ideas to fruition through two social finance loan funds. We provide capital to both new and established enterprises who are based in or create significant positive impact for Southwestern Ontario.
VERGE Capital leverages our growing entrepreneurship ecosystem to create wraparound supports before, during and after financing. Our team works closely with other social enterprise supports provided by Pillar Nonprofit Network, to provide expertise on legal structure, business planning, impact measurement, and market knowledge.
How it works
InquireSubmit an Expression of Interest to VERGE
MeetMeet with VERGE staff to explore fit and expectations
ApplySelected enterprises submit applications with VERGE coaching
ReviewEnterprises invited for investment review and site visit
FinancingApproved enterprises receive capital and ongoing support
ReportingEnterprises provide reporting on social and financial results
The VERGE Capital Startup Fund provides loans to local early-stage enterprises with both a solid business case and a strong community impact model.
Focus Early-stage Social Enterprises
Loans $5,000 – $100,000
Structure Lending pool established by grants to Pillar Nonprofit Network, supported by Libro Credit Union.Learn more
The VERGE Breakthrough Fund is Southwestern Ontario’s first impact investing fund providing growth capital to social and environmental enterprises.
Focus Affordable housing developments, community real estate and established social enterprises
Loans $50,000 – $500,000
Structure Investment opportunity available to accredited investors, held in a unit trust managed by Pillar Nonprofit Network and MaRS SVX.Learn more