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
Play-It Health lands in top-ranked digital health accelerator
As with many successful startups, the idea for Play-It Health was born out of personal experience with an unsolved industry need. Kim Gandy, a former clinician and now the founder and CEO of Play-It Health, recognized that patients were having trouble engaging and adhering to their medical regimen. In the worst cases, this led to…
LaunchKC, Techweek to welcome 10 tech firms to KC in style
In roughly four months, Kansas City will welcome a crop of tech startups bolstered by thousands of dollars in funding and a rockstar arrival. Kansas City’s LaunchKC competition — which aims to attract 10 tech firms to relocate to KC with $50,000 grants — has partnered with national tech conference Techweek to offer the winners…
New platform GUILDit offers art entrepreneurs visibility
A new program called GUILDit to promote and support art entrepreneurship is coming to Kansas City. The program is a bi-monthly gathering where art entrepreneurs take the stage to give six-minute presentations followed by questions and answers in the hopes of crafting a stronger Kansas City art economy, and to further connections between local artists.…