Neighborly is a company that provides a crowdfunding platform for individuals to invest in civic projects through municipal bonds. Neighborly was established in 2012 by Jase Wilson and Patrick Hosty. Neighborly aims to create a transparent platform for municipal bonds investing thus allowing investors to choose which civic projects they would like to support. The company is primarily based in San Francisco, California although it also has an additional office in Kansas City, Missouri (wiki).
Neighborly provides a database of active civic projects that users can choose to invest in by using municipal bonds. Some examples of the projects include building a library (neighborly) and buying new fire trucks for the fire departments. The projects are located in various parts of the United States.
Since 2013, Neighborly has received funding from five rounds with a total amount of $30.7 million. Neighborly’s most recent funding round was held in May 2017, which was a Series A that amassed $25 million in funds. Seventeen investors have financed Neighborly, with six among them as lead investors. Previous investors include Abstract Ventures, Sound Ventures, StartX, Emerson Collective, and FinTech Collective.
Neighbor.ly is a company that participated in the 500 Startups Batch 10 cohort and raised an estimated $30,675,000.