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
LISTEN: Gripp helps farmers get a handle on multiple ag apps with dead-simple record keeping platform
On this episode of our 12-part Plug and Play Topeka podcast series, we explore how agtech startup Gripp is bringing structure and simplicity to farm operations. Its helps farmers connect their teams, track equipment and assets, and turn everyday routines into shared knowledge. Having grown up on a Wisconsin farm, co-founder and CEO Tracey Wiedmeyer…
A St. Joe CEO handed him a franchise after graduation; two years later, the risk is paying off
Spencer Engelman’s expectations for his post-college career were shredded by an offer he couldn’t refuse. The Northwest Missouri State University graduate was awarded a business of his own — minus the franchise fee — by a veteran entrepreneur who had visited one of his classes. “It’s a crazy opportunity,” said Engelman, who now operates a DocuLock…
What a catch: Kansas City fandom creates custom appeal for taco-loving cartoonist vibe
Drawing from Kansas City’s spotlight moments — whether trendy and new or iconic and timeless — W. Dave Keith balances a quirky aesthetic with a practical focus on what will actually sell. “I’ve slowly learned that if I want to make money off this business, I need to make stuff that people want to buy,”…
Power through purpose: How a winding journey led this eco devo steward to deep-rooted impact
Editor’s note: The following story was written and first published by the Economic Development Corporation of Kansas City, Missouri (EDCKC). Click here to read the original story. [divide] Going behind the scenes of CCED with the people who make it happen Some people are drawn to city-building because of the bricks and steel, the architecture, the skyline, the…