Stories about investment crowdfunding campaigns.
Stories about investment crowdfunding campaigns.
Technology-focused hospitality brand YOTEL to Arrive at 1095 Market Street in 2017
NEW YORK (October 5, 2015) – Synapse Development Group, a real estate investment and development firm headquartered in New York City, and its joint venture partner AQARAT (Kuwait Real Estate Company), have launched a crowdfunding campaign on the RealCrowd platform for the redevelopment of 1095 Market Street in the burgeoning Mid-Market neighborhood of San Francisco. The partnership plans to convert a historic office building into a 203-key hotel operated by YOTEL, the pioneering technology-focused hospitality brand. YOTEL San Francisco will be the first crowdfunded hotel in San Francisco. The Partnership has opened the offering to accredited US Investors, international investors and IRAs with a minimum investment starting at $25,000.
“Our team is excited to open an institutional quality investment opportunity to accredited investors in a market as strong as San Francisco,” said Justin Palmer, CEO of Synapse Development Group. “Investors will be able to enjoy the financial benefits of ownership, as well as perks such as discounts, owner-exclusive VIP parties at the rooftop bar, and access to membership benefits at YOTEL’s around the world.”
1095 Market Street is located at the corner of Market Street and 7th Street in San Francisco’s emerging Mid-Market neighborhood, home to tech giants like Twitter and Uber. It is currently an eight-story, 110-year-old landmarked office building totaling 71,944 square feet. Upon completion – slated for 2017 – the office building will be converted into a nine-story 203-key YOTEL branded hotel, totaling 84,000 square feet. The hotel will be home to YOTEL’s signature Club Lounge concept including flexible meeting and co-working spaces as well as a signature ground-floor restaurant and truly unique rooftop lounge with 360-degree views of the city.
YOTEL’s Chief Development Officer Jason Brown noted, “We’re truly excited to be working with our forward thinking partners, Synapse Development Group and AQARAT, along with the RealCrowd platform to be among the first wave of hoteliers and investors taking advantage of what is shaping up to be over a $2.5 billion source of capital in 2015. Crowdfunding is rapidly becoming a serious source of investment capital in hospitality real estate and is consistent with our philosophy of always striving to create opportunities to bring together enthusiastic, energetic, young-at-heart entrepreneurs both as guests and owners of YOTEL’s worldwide.”
YOTEL San Francisco is owned by a joint venture between Synapse Development Group (SDG) and AQARAT (Kuwait Real Estate Company).
“AQARAT is delighted to participate, along with our partners Synapse Development Group, in the crowdfunding launch of YOTEL San Francisco,” said Fahad Al-Shamlan, Vice President- Investments & Acquisitions of AQARAT. “YOTEL’s innovative, technological fabric, long with YOTEL San Francisco’s location in the technological hub of Mid-Market, serve as the ideal platform for San Francisco’s first crowdfunded hotel.”
The close date for the raise is October 31, 2015. For more information about the 1095 Market Street crowdfunding campaign, visit www.realcrowd.com.
About Synapse Development Group
Synapse Development Group is real estate investment and development firm headquartered in New York City. The company focuses primarily on urban markets throughout the US, and seeks to develop to the highest building standards in terms of energy performance, design and functionality. Synapse is currently developing two mixed-use projects with YOTEL as well as New York City’s first market rate Passive House apartment building. www.synapsed.com
About AQARAT (Kuwait Real Estate Company)
AQARAT is one of Kuwait’s leading real estate companies. The company was the first real estate company to be listed on the Kuwait Stock Exchange, and has a forty year track record delivering value to its customers and stakeholders through integrity and innovation. The company pioneered a multitude of concepts in the local market which included Kuwait City’s first mixed-use urban development, the country’s first luxury seafront residential complex as well as its first public private build-operate-transfer development with the Kuwaiti government. Today, AQARAT’s global footprint spans throughout the Middle East, Africa, Europe and the United States. http://www.aqarat.com.kw/
Inspired by first class travel, YOTEL translates the language of luxury airline travel into small but luxurious ‘cabins’. Uncompromisingly designed around guests, YOTEL City hotels are taking the essential elements of luxury hotels in smaller, smart spaces and deliver a sense of community with areas for co-working, social gatherings and exercise. Premium cabins include YOTEL’s signature adjustable ‘SmartBed’ with luxury bedding, rejuvenating monsoon rain showers, relaxing mood lighting and ‘techno wall’ with smart TVs, multi power points and easy connectivity.
YOTEL currently operates three airport hotels in London Gatwick, London Heathrow and Amsterdam Schiphol airports; and one city hotel in the heart of Manhattan, New York. YOTEL is expanding rapidly with eight new hotels under development globally, including two new airport hotels set to open at Paris Charles de Gaulle Airport (2016) and Singapore Changi Airport (2019); and six new city hotels currently under construction in Williamsburg, Brooklyn (2017) Singapore (2017), Miami (2018), San Francisco (2017), Boston (2017) and Dubai (2018).
Founded by YO! Founder Simon Woodroffe OBE, YOTEL’s HQ is in London and has offices in Boston and Dubai. Its major partner and shareholder is IFA Hotels and Resorts KSCC based in Dubai.
RealCrowd is an online real estate investing marketplace, bringing investors direct access to the nations’ leading real estate opportunities. RealCrowd was founded in 2013 to leverage technology and the regulatory changes brought about by the JOBS Act to break down the barriers traditionally found in real estate investing. Its founding team includes principals from the real estate industry with a combined $5 billion dollars of transaction experience and over 30 years of building leading edge technology platforms. Since its founding, RealCrowd investors have had access to over $1.5 billion of institutional real estate opportunities across the United States. www.realcrowd.com
Collaborative Workspaces combined with Short-Term Residential Living Come to NOMAD
NEW YORK (August 18, 2015) – Prodigy Network, the leading name in real estate crowdfunding, launched a new crowdfunding campaign today for The Assemblage/25th Street which will creatively marry growing trends in collaborative workspaces with short–term residential living. Minimum investments will be $20,000 for US Accredited Investors and $50,000 for Foreign Investors.
“Prodigy Network is tapping into the thriving collaborative workspace market with The Assemblage/25th Street,” said Brian Newman, Vice President of Business Development for Prodigy Network. “The Assemblage will be home to a community of top creators and entrepreneurs, looking to connect and build relationships to achieve inspiring goals.”
The Assemblage/25th Street, a 12-story, 45,000 square foot loft building located at 114-116 East 25th Street. The project will be designed by the globally recognized New York City-based design boutique, Meyer Davis. The design boutique specializes in residential, hospitality, retail, and workplace environments, throughout the U.S. and abroad. They plan to make a creative use of its collaborative workspace and combine it with 42 luxury residential units. The property will have a roof top deck with a unique bar and exceptional views of the Manhattan skyline.
Today’s announcement marks the fourth Manhattan project for Prodigy Network following the successful projects of AKA Wall Street and AKA United Nations, both of which are currently reaching completion and approaching condo sales. The Assemblage/17John, located in the Financial District, successfully raised $50 million in crowdfunding.
Prodigy Network is the leader in real estate crowdfunding in the United States. To date its Manhattan portfolio, composed of three properties, exceeds an estimated value of $550 million with over $105 million of crowdfunded equity. To learn more about Prodigy Network, please visit www.prodigynetwork.com
About Prodigy Network
Prodigy Network is the largest crowdfunding platform in the United States. The company has revolutionized both the commercial real estate and crowdfunding industries by being the first to meld the two worlds. Prodigy Network has raised more than $329 million in equity from approximately 6,200 investors, from 19 countries and 25 states in the United States, and is currently developing commercial real estate projects in Bogota and Manhattan, valued at more than $850 million. Major money center banks like Deutsche Bank, CIBC and Bank of America have provided traditional financing for Prodigy Network’s Manhattan projects. Rodrigo Nino, Founder and CEO, believes crowdfunding will democratize commercial real estate by providing a new asset class for small investors, revolutionizing the industry. Nino has spoken at worldwide conferences and a noteworthy guest at NYU, MIT, Yale, Harvard University and the AEDES gallery in Berlin, Germany. For more information please visit www.prodigynetwork.com
American Homeowner Preservation today launched one of the largest crowdfunding campaigns to date, planning to raise $30 million for opportunity 2014B. Funds raised will be utilized to purchase non-performing mortgages at substantial discounts.
Chicago, IL (PRWEB) January 21, 2015 – American Homeowner Preservation (“AHP”) today launched one of the largest crowdfunding campaigns to date, planning to raise $30 million for opportunity 2014B. Funds raised will be utilized to purchase non-performing mortgages at substantial discounts from banks and other lenders. Borrowers are then offered sustainable solutions to stay in their homes with affordable payments and reduced principal balances. Accredited investors can earn annual returns of 9 – 12%* by participating for terms of one to five years.
AHP is a socially-responsible for-profit investment fund manager, but started in 2008 as a 501c3 nonprofit organization. By executing consensual borrower-friendly strategies which avoid the time and expense of protracted legal fights, AHP generates above-market returns for investors while helping struggling families. Delinquent mortgages are often purchased at discounts greater than 50% of current property values, and sharing these discounts enables AHP to deliver financially transformative results for borrowers and investors alike.
To maximize the results of outreach efforts, AHP houses a branch office of Security National Servicing Corporation to effectively and efficiently communicate with borrowers nationwide. Furthermore, AHP features an in-house litigation team to rapidly resolve litigation. If properties are acquired vacant or are foreclosed upon, AHP’s asset management team works with real estate agents to market and coordinate the sales of vacant properties.
AHP’s latest investment offering comes on the heels of its latest investment closing, Opportunity 2014A. AHP raised $2.5 million in funding the purchase of over 325 mortgages with an estimated collateral value of more than $8 million. After launching its online crowdfunding platform in October 2013, AHP has successfully crowdfunded three pools of distressed mortgages and raised more than $8 million from accredited investors.
2014B is the first offering spawned from AHP’s new relationship with WealthForge, an SEC/FINRA registered broker-dealer. As regulation of the equity crowdfunding industry continues to evolve, AHP aims to maintain up-to-date SEC compliance in teaming with WealthForge.
“We are excited by the prospects of our new alliance with such a well-regarded broker-dealer,” said Jorge Newbery, AHP’s founder and CEO. “WealthForge will help us maximize compliance in an ever-evolving regulatory landscape. These are big steps forward in legitimizing AHP and other real estate crowdfunding platforms which are joining the FinTech asset class pioneered by Lending Club and Prosper.”
“In my opinion, his (Newbery’s) approach is similar to finding great ‘closeouts’ in any business,” said Arthur Weissman, WealthForge’s head of sales and marketing. “He invests the time and effort to identify significantly undervalued assets and his team is relentless at bringing those assets back to performing levels.”
American Homeowner Preservation is a socially responsible investment fund manager which empowers accredited investors to purchase equity in pools of distressed mortgages and earn returns of 9-12%*. For further information or inquiries please visit https://ahpinvest.com or call 800-555-1055.
*Past performance is no guarantee of profits or gains. Equity securities are offered through WealthForge, LLC, a Virginia limited liability company (“WealthForge”), which is a securities broker/dealer registered with the U.S. Securities and Exchange Commission and a member of the Financial Industry Regulatory Authority, Inc. WealthForge is located at 6800 Paragon Place, Suite 237, Richmond, VA 23230, tel: (804) 308-0431.
Brian Baldwin has launched BuyitForward to help nonprofits by helping you sell your unused stuff and donating the proceeds to charity. He is raising money on Fundable.. Recently, I caught up with Brian to learn more about the effort; here’s what he told me:
What is the social benefit you hope to achieve with or through your crowdfunding campaign?
The average household in the US has over $7,000 of unused items ($857 billion nationally), we intend to turn as much of that into cash to support worthy causes through the BuyitForward marketplace.
BuyitForward’s mission is simple; make it easier to give more, to more great causes. Exclusively for nonprofits (public charities and churches), Buy It Forward provides access to an additional and much greater resource of funding, by efficiently converting household items into cash and giving all the proceeds directly to the nonprofit. In addition to the capital resources, the BuyitForward marketplace provides many turnkey tools for fundraising as well as best practices, making use of campaigning and social media strategies. Now everyone can give in some way! Buy it Forward’s platform focus, is to make it easy to use, so it’s easy to give, regardless of personal income or demographic. Engaging Nonprofits, Donators and Buyers to participate earnestly will drive this mission.
How much money are you hoping to raise and why? How much have you raised so far?
We hope to raise $500,000 through the combined effort of friends and family, as well as Fundable.com. Those funds will be used to create brand awareness, build infrastructure and support nonprofits with resources in a way to engage their supporters to donate and buy to support their cause. To date we have been self-funded in the amount of $125,000.
Whom are you trying to help with your project and why?
The number of nonprofits in America has doubled in the last four years, while the total giving has barely increased. In fact total 2013 giving ($335.17 billion) was lower than it was in 2007 ($349.5 billion). For most nonprofits raising capital is very challenging -on many levels. Using this as motivation, we aim to increase the access to capital, and at the same time achieve greater constituency engagement and community outreach on behalf of great causes.” At Buy It Forward we operate with the understanding that we aren’t doing good, we’re just making it possible for others to do more good..
Please describe your offering.
Buy It Forward is seeking $500,000 dollars from investors, which represents a 20% equity ownership. The $2.5 million dollar post-money valuation is based on the development of the working platform, cultivation of the nonprofit user pipeline, development of business collateral and an initial investment of $125,000 in working capital by the founders. BuyitForward intends to disperse significant royalties annually to its equity shareholders. In the event of an acquisition, investors would receive their pro-rata benefit based on equity ownership. A pro forma is available by request.
Jordan Holzmann launched Cruxcee, a social venture, to help other social ventures and nonprofits to scale successfully.
Of his thinking about starting Cruxcee, Jordan said, “My motivation for starting Cruxcee was the fact that the social enterprise movement is growing but still makes up a relatively small percentage of companies and revenue generated in the world. Cruxcee has been created to help facilitate growth of these organisations whilst simultaneously supporting the efforts of non-profits. Cruxcee is a place where these organisations can conduct business with other like minded organisations through facilitation on the platform. The goal is help these companies collaborate and grow so that they are the best in their industry. This will enable them to have more of an impact.”
These are early days for Cruxcee, Jordan acknowledges. They are raising money through equity crowdfunding to help the company scale.
Jordan explained, “We are currently raising seed funding on Fundable.com, looking for investors that are in this space and would like to contribute not only their money but expertise. I feel this is very important to maintain the integrity of the product while moving from concept to commercialization.”
On Tuesday, December 30, 2014 at 7:00 PM Eastern, Jordan will join me for a live discussion about the company and its offering. Tune in here then to watch the interview live.
More about Cruxcee:
Cruxcee is the ultimate business platform for social enterprises and nonprofits.
Our platform provides social enterprises and non-profits with a complete set of tools they need to make things happen: from a discovery engine to help them discover and be discovered by like-minded organizations and consumers, to an e-commerce platform where they can sell their products and services alongside other organizations that share their values, to business networking capabilities that let them connect, collaborate and create with other organizations that share their vision.
Jordan Holzmann, 29 is the founder and CEO of Cruxcee, a new online platform for social enterprises and nonprofits, dedicated to providing them with the resources and tools they need to change the world. He has a background in management consulting and business management for small- to medium-sized enterprises, and a passion for ethical, sustainable business practices. He believes there is no compromise between choosing to have a strong, successful & profitable business as long as its core is socially conscious. He holds a degree in Sustainable and Global Development from Murdoch University and is currently undertaking his MBA.
Brian Dally, co-founder and CEO of GROUNDFLOOR, has created a way for individuals within communities to come together to invest in real estate in a way that will have a positive impact on their community.
“People can now invest money in such a way that investments stay local, and this creates tangible impacts at the community level” Brian says.
“GROUNDFLOOR grows your investment while making an impact. If you want to renovate a neighborhood, you could rally your friends together to back properties within the same neighborhood,” Brian continues. “This not only improves the community, but backers also see a higher return on their investment than with a traditional savings account. 100% of our loans are available to participation by everyone.”
On Thursday, December 4, 2014 at 3:00 Eastern, Brian will join me for a live discussion about GROUNDFLOOR. Tune in here then to watch the interview live.
More about Groundfloor:
GROUNDFLOOR is the first microlending community for real estate. Together we back independent builders with secured loans that pay 8-12% annually.
Our community serves backers (microlenders) and builders (borrowers). Our ideal microlender has experience with LendingClub or Prosper and enjoys dabbling with alternative investments. Our ideal borrower has 10+ years experience flipping or building houses and a flair for promotion.
Founded in March 2013 by Brian Dally and Nick Bhargava, GROUNDFLOOR is headquartered in Atlanta, Georgia with a fast-growing team of crowdfunding, real estate and community development experts.
As an Internet ideologue and community organizer at heart, Brian enjoys attacking entrenched industry incumbents from a position of weakness.
After taking a brief break between startups to get involved in the thriving NC Triangle startup ecosystem, Brian co-founded GROUNDFLOOR with Nick Bhargava in 2013. Previously, he led a team within Bandwidth.com through a successful product-market pivot that resulted in the concept, brand and launch of Republic Wireless.
Patch of Land utilizing SeedInvest to its raise equity round
LOS ANGELES OCT 17, 2014 – Patch of Land, one of the fastest growing debt-focused real estate crowdfunding platforms, is now publicly fundraising its seed round. To facilitate this process, Patch of Land is working with SeedInvest, a leading equity crowdfunding platform.
Patch of Land has been operational for 12 months, and is one of the leading real estate crowdfunding platforms where thousands of investors go to invest in short-term debt for residential and commercial rehabilitation and bridge loans. With over $8.7 million funded across 43 loans in 8 States, Patch of Land has positioned itself at the forefront of the industry through its focus on fundamentals, proprietary technology, and modular, scalable systems.
In order to facilitate public fundraising for its seed round, Patch of Land is working with SeedInvest, a leading equity crowdfunding platform with over 5,000 registered, accredited investors. SeedInvest provides qualified investors with access to highlyvetted startup investment opportunities and a few months ago, utilized its own platform to quickly raise $2.15 million of its $4.15 million Series A.
“SeedInvest and Patch of Land both exist within the new space created after the SEC lifted the ban on general solicitation under Regulation D of the Securities Act, in September 2013. Both of our companies have been successfully blazing trails in our respective sectors,” said Jason Fritton, CEO and Co-Founder of Patch of Land. “We are excited to be working with SeedInvest to ‘crowdfund’ our own crowdfunding company. We want to use Title II of the JOBS Act not only for funding our own offerings online, but in the true spirit of crowdfunding, to give qualified, accredited investors an opportunity to be part of our strong growth and success.”
“We are honored that Patch of Land chose to use SeedInvest to conduct its online fundraise,” said Ryan Feit, CEO and Co-Founder of SeedInvest. “Given that Patch of Land and SeedInvest both opted to conduct our own fundraises publicly, we are clearly big believers in the power of public fundraising.”
To learn more, visit http://seedinve.st/patchofland.
About Patch of Land
Patch of Land is a Peer-to-Real-Estate (“P2RE”) lending marketplace that matches accredited investors seeking high-yield, short-term, asset-collateralized investments to borrowers seeking more timely and consistent sources of funding for rebuilding properties across America.
Patch of Land addresses the problem of inefficient, fragmented, and opaque real estate private lending by using technology and data-driven processes to efficiently, transparently underwrite loans at scale for borrowers with real estate projects that are routinely bypassed by traditional lenders. For more information about Patch of Land, and to register as an investor or as a borrower, visit www.patchofland.com.
SeedInvest is a leading equity crowdfunding platform that connects investors with high quality startups. SeedInvest provides investors with insider access to highlyvetted startup investment opportunities and makes investing in startups as easy as buying a share of stock. Since launching in 2013, SeedInvest has attracted thousands of investors who are collectively looking to invest over $250 million in startups. For more information or to sign up for free, please visit www.SeedInvest.com.
Crowdfunder raises $3.5M round on the heels of groundbreaking equity crowdfunding campaigns for top tech and digital media startups like GoCoin, Neil Young’s PonoMusic, Social Rewards and more.
LOS ANGELES, CA — (October 7, 2014) — Leading equity crowdfunding platform Crowdfunder.com has raised a Series A round of financing from a combination of VC funds, notable investors like Tim Draper, along with a crowd of individual accredited investors. Crowdfunder aimed to raise $2,500,000 in the round, but due to significant investor demand the round was opened up to additional investors and oversubscribed at $3,500,000.
Crowdfunder will use the funds from the Series A to continue its market-leading growth and expansion in funding leading companies in the growing cross-over area between technology, digital media, and entertainment.
This round comes on the heels of a series of successful and highly visible equity crowdfunding campaigns on Crowdfunder that cross technology and media. Crowdfunder has a growing community of thousands of notable investors and celebrities investing in deals, or bringing deals to Crowdfunder for funding, including Barbara Corcoran of Shark Tank, Neil Young, Danny Zappin former CEO of Maker Studios, Mark Cuban, TechStars, Tim Draper, Sequoia Capital, Tech Coast Angels, David Weild former Vice Chairman of NASDAQ, Jerry West, and many others.
One of the investors in Crowdfunder’s Series A, William Quigley – former Managing Director at Idealab, current Managing Director of Clearstone Venture Partners- said, “Crowdfunder is a terrific resource for time strapped entrepreneurs. In a matter of weeks, a start-up can fill its coffers with the capital it needs to build and launch a new product or service.”
Quigley also said, “After more than 20 years of funding startups, I am excited that a resource like Crowdfunder has arrived. In a matter of minutes, I am able to identify the best new business concepts and most talented entrepreneurs who fit my investment profile.”
With the rapid growth of equity crowdfunding for accredited investors since Title II of the JOBS Act was implemented in September of 2013, Crowdfunder is playing a central part in a growing trend in crowdfunding where companies are first validating and pre-selling their product or idea on sites like Kickstarter or Indiegogo (rewards-based crowdfunding), and then translating that momentum into successful equity crowdfunding campaigns on the Crowdfunder platform.
One example is Atlas Wearables who successfully closed their equity round on Crowdfunder following a $600K rewards crowdfunding campaign on Indiegogo. Also, Neil Young’s PonoMusic recently raised an equity round on Crowdfunder, as a follow up to pre-selling 15,000 units via a $6.2M Kickstarter campaign (see: TechCrunch, RollingStone, TheWrap).
Chance Barnett, CEO of Crowdfunder said: “We are uniquely positioned in the heart of the growing tech + media renaissance in Los Angeles, and with a growing number of successful financings under our belt, to connect new and exciting media and technology startups with the crowd of millions of accredited investors who can now invest in online. We’ve built a successful track record by helping fund 32 companies over the last three quarters, at an average deal size of $1.6 million. This momentum is now attracting top tech and entertainment talent and projects, as we empower the crowd to invest in these companies for as little as $1,000 at the same terms as, and alongside, notable angels, VC firms, and experienced financiers.”
Investors in the Series A Round
Existing Investors also in Crowdfunder
Recent Notable Equity Crowdfunding Rounds:
Leading Bitcoin merchant processing startup, GoCoin, opened up its latest financing round on Crowdfunder and subsequently announced a partnership with PayPal for enabling merchant payments with Bitcoin by use of GoCoin’s processing. The round is now oversubscribed. Existing investors in GoCoin include 500 Startups, Crypto Currency Partners, Bitcoin Shop, Inc, Owen Van Natta former Facebook COO.
Barbara Corcoran from Shark Tank was an investor in Social Rewards, which came to Crowdfunder for and raised follow-on investment into it’s $1M round.
Bitvore recently raised their Series A round via equity crowdfunding. They raised $435,000 via Crowdfunder and $220,000 via AngelList. See the Bitvore founders tell the story in this video.
The Crowdfunder community has rapidly grown to nearly 15,000 startups and small businesses, where 32 rounds have been closed with the help of Crowdfunder in the last 3 quarters, at an average size of $1.6M. Crowdfunder is also seeing 6%+ week-over-week growth of it’s online investor base of accredited individuals & institutions.
Crowdfunder is where the power of crowdfunding meets investing for startups and small businesses. Entrepreneurs use the company’s platform to tell the story of their business and raise investment from a community of institutional and individual accredited investors. The company played a significant role in JOBS Act legislation, creating the new market for equity crowdfunding that brings private investing online.
Unite The World With Africa raises funds through Gladitood for the Unite Small Business Development Program.
(ST. LOUIS / Nov. 11, 2014) Connecticut-based international social enterprise Unite The World With Africa (UNITE) has teamed up with the St. Louis-headquartered socially-minded crowdfunding platform Gladitood.com to raise $11,500 to grow a Small Business Development Program for women in Tanzania, East Africa.
Tanzania is one of the world’s poorest countries. One in five girls has no education at all; nearly one in three adolescents report forced sexual initiation; and cultural traditions prevent women from participating in family and community decision-making. However, it’s also a country in which — when provided access to the necessary education, capital and support — Tanzanian women entrepreneurs can create an average of nearly six new jobs per enterprise. Programs that support such entrepreneurs, their growth and development, can radically transform lives and communities, for the better.
Entrepreneurship may look different in different places — e.g. roadside fruit and vegetable stands in Tanzania vs. technology startups in hotspots across the United States — however, the concept is universal: Harness the power of available resources in new and creative ways to develop innovative solutions and access new markets.
According to the International Finance Corporation, women’s economic empowerment in the developing world is positively correlated with improved economic growth for the society as a whole. UNITE is creating opportunities in impoverished villages in Tanzania by delivering business development education, grants and loans to women who can present solid business plans as well as to those who have pre-established micro- to small-enterprises.
“Our goal is to provide women entrepreneurs the support they need to succeed. Any loans granted will be repaid with 15 percent interest within 15 months and then placed back into a revolving loan fund that will enable more loans,” explains Anne Wells, founder and executive director of UNITE. “In exchange for capital and ongoing education, business owners will be required to take on apprentices and train the next generation of female entrepreneurs. Our mission is to stop the vicious cycle of gender-based discrimination and poverty.”
Wells is no stranger to global social entrepreneurship and in May 2013 the Robert F. Kennedy Center for Justice and Human Rights named her a “Local Defender” for her work. Her passion for entrepreneurial ventures is what attracted Wells to the idea of crowdfunding through St. Louis tech startup Gladitood.
“UNITE embodies all of the characteristics that Gladitood looks for in projects,” said Ryan Brennell, co-founder and CEO of Gladitood. “Together we are entrepreneurs investing in entrepreneurs. It is incredibly rewarding to see women-owned-businesses on the other side of the world succeed when you understand firsthand the challenges that any business owner goes through much less the barriers they have overcome.”
Gladitood offers nonprofit organizations a platform that focuses on helping humanitarian and conservation projects reach their funding and volunteer goals. Its latest project, International Peace Initiatives, launched in September and reached its goal of more than $14,000 in donations.
The Gladitood campaign for the Unite Small Business Development Program runs from Nov. 11 through Dec. 30, 2014. Interested supporters can back the project at https://gladitood.com/campaigns/empowering-women-in-tanzania/.
Mosiac, the leader in crowdfunding solar power projects, recently announced a program that provides homeowners with crowdfunded loans with operations and maintenance service contracts, giving them all the benefits of a lease with a simple to understand loan.
The loans can go for up to 20 years with no prepayment penalty and require no down payment.
On Wednesday, July 30, 2014 at 6:00 Eastern, Mosaic CEO Daniel Rosen will join me for a live discussion about the new program. Tune in here then to watch live.
More about Mosaic:
Mosaic is America’s first peer-to-peer solar finance company and is enabling thousands of American people to profit from clean energy. Mosaic provides home solar loans to cover the up-front cost of solar ownership for homeowners and finances these loans by crowdsourcing investments from the public.
Mosaic has been honored by Fast Company as a top ten most innovative company in energy for two consecutive years, by the Department of Energy as a SunShot Grant recipient, The Sierra Club as the Trailblazer Company of the Year, and Verizon Wireless as the top environmental winner for their Powerful Answers Awards.
Dan Rosen – Mosaic Co-Founder & Chief Executive Officer
Dan is a serial entrepreneur with 10 years of experience leading clean energy, green building and energy efficiency companies in rural Native American communities and Israel. He is an Unreasonable Institute fellow and Brower Youth Award winner. Dan has been been on Forbes Magazine 30 Under 30 Energy List two times in recognition of his leadership on innovative ways of financing clean energy.