Redesigning Capital
Our ARC Fellows launched 28 funds across the United States. Invested more than $9M in diverse small businesses that provide jobs and wealth-building opportunities in communities of color.
1st Sovereign Capital
1st Sovereign Capital (1SVC) is an Indigenous-led investment platform working to transform how capital flows into Native economies. By expanding access to venture capital and angel investment networks, 1SVC backs Native founders building companies rooted in culture, community, and long-term prosperity. Through a venture fund, an Indigenous angel investor network, and partnerships with philanthropic and institutional capital, 1SVC mobilizes new investment pathways for Native-led innovation. 1SVC is part of a growing movement to reclaim financial power in supporting Indigenous entrepreneurs as they build businesses, generate generational wealth, and shape the future of their communities and the global economy.
BECMA Community Investments
BECMA Community Investments is building a sustainable, inclusive, and equitable economy by investing integrated capital into BECMA Members and local enterprises to spur growth and help close the racial wealth gap.
Black Farmer Fund
Black Farmer Fund invests in Black farmers, food entrepreneurs, and agricultural businesses to build an equitable and resilient food system. BFF provides accessible and flexible financing options designed to match their client’s unique needs and opportunities.
Chattanooga Impact Capital Pilot
The Chattanooga Impact Capital Pilot provides loans to local entrepreneurs who are BIPOC. They believe that entrepreneurship is a powerful mechanism for wealth creation and mobility.
CLLCTIVLY
CLLCTIVLY envisions a liberated Black future rooted in community, self- determination, joy, love, abundance, and reciprocity. The Black Futures Micro-Grant provides Black-led organizations with no-strings-attached capital for change makers serving Greater Baltimore.
ConnectUP! Integrated Capital Fund
ConnectUP! Integrated Capital Fund is committed to advancing economic justice by closing the capital access gap for underestimated entrepreneurs. It offers patient, flexible and hybrid capital to empower Black, Brown and rural-based business owners to scale their impact, achieve sustainable growth and economically power their community.
Cross Impact Capital
Cross Impact is an early-stage Venture Capital fund investing in founders and companies closing opportunity gaps across wealth, wellness, and waste reduction.
Denkyem
Denkyem is a CDFI that sees business ownership as one of the most accessible routes to economic mobility. They invest in a thriving Black business ecosystem—creating safe pathways for entrepreneurship and innovation that anchor community wealth and economic stability.
First Fires Fund
Turtle Island Community Capital is deploying blended capital to support Indigenous, Latinx and BIPOC entrepreneurs and community infrastructure across the Northeast. Through integrated grants, technical assistance, and low-cost loans, TICC finances clean energy, local enterprise, and cultural economy projects that strengthen economic sovereignty and regional resilience.
Fund for Jobs Worth Owning by ICA Group
Fund for Jobs Worth Owning from the ICA Group is a nonprofit, mission-driven community lender serving worker-owned businesses that create high quality jobs. The Fund for Jobs Worth Owning changes workers' lives by building institutions that center worker voice, grow worker wealth, and build worker power.
GES Community Investment Fund
The GES Investment Fund exists to redistribute power and resources by funding community-led programs and projects that disrupt inequity and foster generational well-being in Globeville, Elyria, and Swansea.
Hive Mind Community Investment Co-op
HMCIC funds social enterprises and community-owned and controlled real estate developments led by historically marginalized groups building solidarity economy ecosystem infrastructure, increasing community resilience, and/or showcasing community cultural wealth in order to transform the economy in the Deep South to meet community needs & redress historical harms.
Inclusive Capital Fund by Impact Ventures
Impact Ventures Inclusive Capital Fund believes they can create a more just and inclusive world by investing flexible debt and patient equity capital into under-estimated entrepreneurs to build economic resiliency and community wealth.
Integrated Capital Fund by Groundcover
Groundcover’s Integrated Capital Fund takes properties off the speculative market and develops those properties into assets that meet the community's needs; and then transfers those assets into shared equity models that can be collectively owned and stewarded by the community in perpetuity.
Just Transition Integrated Capital Fund
Just Transition Integrated Capital Fund is a new model for philanthropy offering foundations a learning vehicle to move endowed assets to BIPOC and working class-controlled funds and grassroots projects through non-extractive financing.
Justice Capital
Justice Capital brings together investors, foundations, public sector partners, and community-led solutions to scale social and environmental impact while generating shared economic prosperity on a project-by-project basis.
Kheprw Integrated Fund
The Kheprw Integrated Fund provides short- to medium-term socially responsible capital in support of projects, enterprises and initiatives that address the needs of the disenfranchised and disinvested.
Memphis Futures Fund by The Big We
Memphis Futures Fund invests in businesses and real assets that leverage Memphis’s cultural innovation as a driver of economic growth. By pairing culture with aligned capital and local ownership, we build enterprises that generate long-term value and keep wealth rooted in the community.
Moonsoon Fund by Roanhorse Consulting
The Moonsoon Fund is an impact-first, Indigenous-led investment fund that centers founder well-being, their business financial health, and community repair in the design, deployment, and stewardship of capital.
Moore Philanthropy
Moore Philanthropy is rooted in reversing the lack of investment in communities of color by ensuring that changemakers can access the support and financial tools to create systemic change, build influence, and foster generational wealth.
nVestWithUs by Black Diamond Group
Black Diamond Group’s fund, nVestWithUs, aims to create regionally focused funds to enhance access to equity capital for business owners and entrepreneurs of color seeking to revitalize their communities through job creation and workforce development.
Orchid Capital Collective
Orchid Capital Collective is an impact fund that invests integrated capital, combining grants, low-interest loans, and non-financial support, at the intersection of reproductive care, economic opportunity, and community resilience.
People’s Network for Land & Liberation Fund
People’s Network for Land & Liberation Fund’s mission is to decommodify the land to reestablish the right relationship with the earth and all of their relatives and relations. They aim to advance democratic ownership of the means of production and liberatory social relationships.
REFund by City Life/Vida Urbana
City Life/Vida Urbana’s REFund aims to improve housing stability and economic opportunity for rent-burdened tenants. They do this by enabling communities to acquire deed-restricted, tenant- governed, affordable housing in gentrifying neighborhoods.
Resilient Southern LAND (Legacy and Nature Defense) Fund
Croatan Institute and Rural Beacon Initiative (RBI) are collaboratively developing the Resilient Southern Legacy and Nature Defense (LAND) Fund—a first-of-its-kind, hybrid land fund that acquires farmland and forests in the US South, transitioning ownership to regenerative farmers and community-rooted land stewards. The LAND Fund is designed to provide land and capital access to small, underserved land stewards working across Southern food, forestry, and fiber value chains.
The BFM Fund
The BFM Fund is a seed-stage investment fund that invests in Black and innovative founders who require support and guidance from seasoned investors, advisors and operators.
Women’s Home Preservation Fund
The Home Preservation Fund is designed to catalyze economic growth and social equity in historically underinvested urban communities through strategic real estate and clean energy projects.
Building the Field
BII Launches First Mover Fund to Move Millions of Catalytic Capital to Local Communities Building Regenerative Economies
$5M catalytic capital vehicle makes first investment in Indigenous Matriarch-led fund, signaling new era of community-led finance BOSTON–Boston Impact Initiative…
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Meet the 5th ARC Fellowship Cohort
10 Fund Managers Advancing Regenerative Capital We’re excited to announce the launch of our 5th ARC Fellowship cohort, welcoming 10…
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BII’s CDFI Certification: A Milestone Rooted in a Decade-Long Mission
Earlier this year, the Boston Impact Initiative became a certified Community Development Financial Institution (CDFI). This milestone reflects our commitment…
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Mass. Women of Color Coalition marks 10 years, urges civic participation
This Worcester Magazine article recaps MAWOCC's Annual Meeting and Celebration, which was held on January 25, 2025. CEO Betty Francisco…
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From Impact Investing to “Impact-First” Investing—What Is the Field Learning?
By Steve│Nonprofit Quarterly What does impact investing—that is, investing with social benefit in mind—demand of investors? Many in the field…
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Investors of color face obstacles as they fund new businesses, report says
This Boston Globe article covers the release of BII's State of the Cohort report on December 18, 2024. It was…
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Ready to Lead the
Next Era of Impact Investing?
Be part of a growing movement to reclaim and redesign capital for community liberation.
The 2025 ARC Fellowship cohort is underway. Applications for the 2026 cohort will open in summer 2026.