Toronto-based Social Venture Connexion has announced the U.S. launch of its online impact investing platform.
The first investment opportunity on SVX.US, as the platform is called, is an $11.5 million Direct Public Offering (DPO) from nonprofit TechSoup in support of its ongoing efforts to enable civil society organizations and changemakers to design and implement technology solutions for a more equitable planet. The DPO includes three tiers of debt securities investments with five-year terms — risk capital notes available to accredited investors and institutions, with a minimum investment of $50,000 and a 5 percent interest rate; community investment notes available to all investors, with a minimum investment of $50 and a 2 percent interest rate; and patient capital notes, also available to all investors, with a minimum investment of $2,500 and a 3.5 percent interest rate. According to SVX, for every $100 invested, TechSoup will be able to distribute an estimated $47,000 of additional resources to nonprofits.
The TechSoup DPO marks the first time the Securities and Exchange Commission has qualified a nonprofit to raise funds nationally through a Regulation A+ / Tier 2 offering. Launched in collaboration with Cutting Edge Capital and Bequia Securities, SVX.US will work across a range of sectors, including cleantech, health, education, food, and social inclusion.
"It was essential to us to shape an impact investment that was inclusive, giving as many of our stakeholders as possible an opportunity to engage and influence our future,” said TechSoup CEO Rebecca Masisak. “The DPO and SVX as our investment platform make it possible for us to democratize access to a unique impact investment that can have meaningful social returns for our community of stakeholders as well as financial returns. This funding will help us to realize five long-term strategic initiatives that enable TechSoup to rapidly bring new services to nonprofit and philanthropic communities and continue to generate significant social impact."