Neighborly, a startup from San Francisco that supports local governments with crowdsourcing of their bond financing, has more than quadrupled their capital in a $25 million Series A round led by Laurene Powell Jobs’ impact investing entity The Emerson Collective along with 8VC.
“This comes at a time when the current administration is getting ready to roll out a number of spending cuts that will drastically reduce the amount of funding available to the nation’s communities,” Neighborly blogs.
The startup makes capital available to governments, allowing them to bypass antiquated technology and avoid fees that come with traditional bonds.
GovTechWhy not share this article?
