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
Major network provider taps SquareOffs for ‘Rant Offs’
SquareOffs recently landed a client that may place its web-based debate technology in front of millions of more people. The company partnered with digital media network Rant Inc. to offer its online debate and polling tech to engage Rant’s readers and increase their advertising revenue. “It’s one of the bigger contracts that we’re apart of,”…
Week of events creates startups, builds entrepreneurial community
The Kansas City entrepreneurial community is prepping for a week-long celebration of startups and entrepreneurship. 1WeekKC, which kicks off on May 29 and continues throughout the entire first week of June, will include a series of events created to empower entrepreneurs to come together, share ideas, get inspired, celebrate and connect. A group of community…
Techweek, Launch KC winners have shot at more money
The winning company at a demo day competition during Kansas City’s coming Techweek conference will earn a chance at nabbing significantly more dough. In addition to a $50,000 LaunchKC grant, the winning firm would have a shot at an added $50,000 from a national competition. LaunchKC — an initiative to attract 10 tech firms to relocate to Kansas…