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
Kansas City seeks leaders for Smart City board
The City of Kansas City, Mo., is now seeking nominations to lead the city’s smart city efforts. City leaders hope to attract citizens with experience in smart city technologies to help advise the City of Fountain’s coming Cisco Smart City project, in addition to its other smart city efforts. The newly authorized “Smart City Advisory…
RECAP: 1 Million Cups focuses on time with Mixtape, Flowh
There was a theme at today’s 1 Million Cups KC, and it was time. Two startups presented their businesses, both at different stages, and both in different industries, but both dealing with time — how we remember it and how we manage it. Mixtape founder Joel Johnson was first to present his firm, which created…
Lean Lab eyes $25K in national pitch contest
The Lean Lab, a Kansas City-based education innovation incubator, is hoping to strike gold in a national pitch competition in California. The organization on Wednesday will be pitching its model in the Teach For America Social Innovation Awards, an annual competition in which the Lean Lab hopes to snag a $25,000 prize. Lean Lab is the…