Neighborly nabs $5.5M from Formation 8, Ashton Kutcher
September 15, 2015 | Bobby Burch
Neighborly, a San Francisco-based startup with an office in Kansas City, recently landed a multi-million dollar investment for its community investment marketplace.
Jase Wilson
The company, which relocated its headquarters from Kansas City to San Francisco after struggling to raise local capital, raised $5.5 million from venture capital firms Formation 8 and Ashton Kutcher’s Sound Ventures, according to TechCrunch.
Neighborly created a community investor platform that allows users to financially support the places and civic projects important to them via the municipal bond market. Led by Kansas City native Jase Wilson, Neighborly hopes to engage millennials and others with the opportunity to invest in their communities, including their schools, parks, infrastructure, energy and more. The platform allows users to invest in municipal debt, which has a market of about $3.7 trillion.
Here’s a video to learn more about Neighborly.
2015 Startups to Watch
stats here
Related Posts on Startland News
Six Kansas City coworking studios to inspire you
Kansas City features an array of coworking spaces aimed at fostering collaboration and creativity. Below are a few of the spaces that caught our eye. Twelve coworking studios in the Kansas City area recently banded together to collectively raise their profiles to attract more businesses, entrepreneurs and individuals with the KC Coworking Alliance. The studios hope to bring awareness to their…
KC companies tap K-State LAB program
Three Kansas City area startups are honing their approaches with an array of resources at a business development program at Kansas State University. Acre Designs (Kansas City, Kan.) and AEGLE Palette (Shawnee) and Alvoru Clothing (Shawnee) were selected to participate in KSU’s Launch a Business program, which is designed to cultivate promising ventures in Kansas…
KC joins White House in “Startup in a Day” effort
Kansas City has joined a national effort to streamline the process of registering and licensing a new business for entrepreneurs. The City of Fountains has pledged to the White House and Small Business Administration to make launching a business an easier process via the “Startup in a Day” initiative. “Navigating the maze of licensing and…
KC entrepreneurs talk funding, advice over breakfast
It can be tough for young, growing companies to find funding in Kansas City, but it’s not impossible. That was one of the takeaways from Thinking Bigger Business’ BIG Breakfast on June 11 at the Kauffman Foundation. The quarterly breakfast features stories and insights from four local entrepreneurs, many of whom have appeared in recent…