What is Nedc?
Nedc, an Indigenous Financial Institution based on Vancouver Island, has been a cornerstone of economic development for over 40 years. The organization specializes in developmental lending, business financing, and advisory support services, with a proven track record of approving more than 160 million in loans. NEDC's mission is to foster socio-economic independence within Indigenous communities through comprehensive business support, including workshops and events, thereby cultivating a robust Indigenous economy.
How much funding has Nedc raised?
Nedc has raised a total of $7.8M across 1 funding round:
Private Equity
$7.8M
Private Equity (2022): $7.8M with participation from National Aboriginal Capital Corporations Association
Key Investors in Nedc
National Aboriginal Capital Corporations Association
NACCA is a leading Indigenous-led organization that supports a network of Indigenous Financial Institutions across Canada, facilitating over $3.2 billion in loans to foster Indigenous economic development and self-determination.
What's next for Nedc?
The recent major strategic investment signals a new phase of growth and expanded reach for Nedc. This capital infusion is expected to bolster its capacity to provide crucial financial and advisory services, further enabling Indigenous entrepreneurs and First Nations businesses to scale and thrive. Nedc's continued commitment to education and support resources positions it to drive significant socio-economic progress within Indigenous communities.
See full Nedc company page
