The Local Initiatives Support Corporation (LISC) has committed to invest $1 million in SustainVC Impact Fund II, a $25 million fund supporting early-stage companies focused on social and environmental impact.
The commitment is part of LISC's capital management strategy to align a portion of its investable assets with its mission to build a broadly shared prosperity throughout the country.
The strategy includes a new impact investment in SustainVC Impact Fund II, which finances enterprises that advance climate solutions, economic equality, health and education.
SustainVC supports entrepreneurs in three impact categories: climate and sustainability, equality and empowerment, and health and education. Read the Entire Article
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According to Danae Ringelmann, co-founder of the popular San Francisco-based crowdfunding platform Indiegogo, says that crowdfunding is about more than money. She contends, “If you’re launching a crowdfunding campaign solely to raise money for your business, you’re missing the point.”