Fibers Fund welcomes Range Revolution to Loan Portfolio
The Fibers Fund is delighted to announce its second loan, provided to Range Revolution, a dynamic woman rancher-led producer of leather goods sourced from regenerative American ranches. This financing, a working capital line of credit, will support Range Revolution to bring on critical hires to fuel its expanding sales and visibility. The loan helps further the shared mission of Fibers Fund and Range Revolution to promote soil-based fibers, textiles, and leather as an integral part of holistic regenerative agricultural systems.
About Range Revolution
Range Revolution (RR) is an Oregon-based company founded by rancher and entrepreneur Cate Havstad-Casad in 2021. Originally, Cate sought to create a luggage piece for her first company, Havstad Hat Company, and looked for a source of leather that was local, sustainably raised, and from her ecoregion. She quickly learned that all of the hides from mid-sized cattle processors in Oregon are thrown in the trash, and in fact, that more than 5 million hides are sent to landfill each year in the U.S.
Since then, Cate has been on a journey to rebuild a regenerative, regional leather supply chain for Range Revolution. RR’s purpose is to prove that good design goes hand-in-hand with good stewardship by delivering traceable leather goods, sourced from regenerative American ranches, that transcend trends and appeal across age, gender, and lifestyle. To be sure that their hides come from holistically managed rangelands, RR works exclusively with U.S. ranches that participate in the Ecological Outcome Verification program, which collects data to demonstrate that these ranchers are improving the ecosystems they manage. RR works to create a value-added marketplace for the raw goods coming from those ranches.
RR has recently been the recipient of key awards and recognition, including winning the pitch competition at the 2024 Regenerative Food Systems Investment Forum, being featured on the How I Built This with Guy Raz podcast, and speaking at the SXSW Conference on a panel titled Farmer-Founded Brands Will Save American Fashion.
Together with her husband Chris, Cate also runs Casad Family Farms, a diversified family farm raising mixed vegetables, hays, grains, and specialty seed crops alongside regeneratively raised cattle and heritage breed hogs. Their farmland is managed organically and they have helped to transition over 200 acres of previously conventionally-farmed land into organic land managed regeneratively with cover crop and prescriptive grazing.
Innovative Line of Credit Structure
The Fibers Fund loan is structured as a line of credit linked to the value of Range Revolution’s inventory, helping ensure that the financing can grow in line with Range Revolution’s sales. This flexible financing will allow Range Revolution to invest in critical positions in brand marketing and design, and a fractional CFO role, helping them drive sales and increase operational efficiency. RR’s growth will in turn allow them to expand on their commitment to sourcing cattle hides directly from American ranchers who use regenerative agriculture practices to restore the health of people, planet, and animals.
Implementing Partners
This new loan will be serviced through the Fibers Fund’s partnership with Broadstreet Impact, an impact financial services company that offers both fund management and fund administration services. As part of its recent transition to an independent structure, the Fibers Fund selected Broadstreet, a trusted partner for dozens of impact funds, to take on the administration of its incoming investments and outgoing loans. The Fibers Fund also continues its valued partnership with Impact Charitable, which houses a special purpose fund that allows the Fibers Fund to take in and deploy philanthropic capital as a key component of its integrated capital model.
Unlocking Impact and Scale
According to Cate Havstad-Casad, Founder and Chief Executive Officer of Range Revolution, “We are thrilled to be working with Fibers Fund to capitalize our growth and expand our reach. When building a social and ecological start up, finding aligned capital is so critical to building an entity that will preserve its ethos in perpetuity. The Fibers Fund team is thinking outside of conventional boxes to create more regenerative capital models that will support more regenerative business models to scale up. We are energized and capitalized to bring the movement of regeneratively sourced natural fibers to market in a bigger way, creating more impact in the supply chains.”
“We are honored and excited to work in partnership with Range Revolution as part of our loan portfolio at the Fibers Fund,” added Sarah Kelley, Managing Director of the Fibers Fund. “Cate and Range Revolution have already brought key visibility to the area of soil-based fibers and leather as a part of regenerative agriculture systems. The Fibers Fund exists to support U.S. natural fiber producers and processors to build their businesses on their own terms, and we’re honored to play a role in helping Range Revolution amplify their message, sales, and impact.”
About The Fibers Fund
The Fibers Fund is a catalytic fund to support small U.S. natural fiber and textile producers and processors, with a specific focus on environmental equity. Fiber crops, such as flax, cotton, fiber hemp, wool, alpaca, and leather, are an integral part of agricultural systems, yet the sector has received little attention from investors. Launched in 2023 to fill these capital gaps, the Fibers Fund offers flexible capital to U.S. natural fiber producers and processors in the form of business TA grants, forgivable loans, and patient term loans, combined with wraparound support. The Fund was incubated through a partnership between Fibershed and Sustainable Agriculture and Food Systems Funders (SAFSF), and transitioned to independent status at the end of 2024.
With its equity-focused governance structure and approach, the Fibers Fund was selected as a 2023 Transformative 25 fund, a list of funds “transforming the economy for social, environmental, and economic justice,” and was also recently featured on Impact Alpha’s “The Liist” as an innovative debt fund and an example of key 2025 trends for impact funds. Learn more about the Fund’s work, team, and portfolio at fibersfund.com.
Support for the Fibers Fund and the loan to Range Revolution is provided by a network of funders and accredited investors, including philanthropies, donor-advised funds, and impact-focused investors. To learn more about opportunities to invest or donate, contact [email protected].
Contact Us
For more information, contact the following:
Fibers Fund: Sarah Kelley, Managing Director, [email protected]
Range Revolution: Cate Havstad-Casad, Founder & CEO, [email protected]