A QUICK NOTE: In addition to our monthly newsletter, we send the ImpactPHL Investor Briefing
to connect investors with local impact investment opportunities currently available. The Investor Briefing is intended for accredited investors. By
continuing you acknowledge that you are an accredited investor. If you are receiving these emails and you are not an accredited investor, please let us know. Sincerely,
The Investors Circle and ImpactPHL teams FEATURED IN THIS ISSUE - Investment Opportunities:
- Spring Garden Capital Group Raising $25M in Preferred Equity to Finance Workforce Housing
- Honeycomb Credit has $1.3M Left in a $3M Priced Seed+ Round to Help Communities Invest in Local Businesses
- Solar States Trains & Employs Returning Citizens to Install Solar; Seeks $700k Loan to Purchase
Warehouse to Accommodate 40% YoY Growth ImpactableX is raising $1M to bring evidence-backing and standardization to impact measurement and reporting (Female Founder)ImpactableX is raising $1M to bring evidence-backing and standardization to impact measurement and reporting (Female Founder)ImpactableX is raising $1M to bring evidence-backing and standardization to impact measurement and reporting (Female Founder)ImpactableX is raising $1M to bring evidence-backing and
standardization to impact measurement and reporting (Female Founder)ImpactableX is raising $1M to bring evidence-backing and standardization to impact measurement and reporting (Female Founder)
- Events:
- February 8th - Impact Social at the Navy
Yard
- May 1st & 2nd - Save the Date for Total Impact Summit 2023: Investing for People, Planet, and Place
- Read:
- For Us, By Us: Democratizing Investment and Building Community Power in Boston
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FEATURED INVESTMENT OPPORTUNITY #1: The Opportunity: Spring Garden Capital Group Raising $25M in Preferred Equity to Finance Workforce HousingDetails: Spring Garden Capital Group provides debt and equity capital as well as consulting services to small-scale real estate entrepreneurs, with a focus on affordable and workforce housing development. Since its inception in 2016, Spring Garden has financed more than $500M in real estate transactions generating more than 2,500 units of housing, and has been consistently profitable. The firm is headquartered in Philadelphia and has field offices in Baltimore, DC, and Pittsburgh. Spring Garden’s social
impact model is a natural extension of its business model. Spring Garden’s borrower-base is comprised of more than 50% BIPOC and women developers, and more than 70% of the housing it has financed is affordable or workforce housing. The preferred equity offering will pay an annual cash dividend and comes with warrants for the purchase of common stock. For more info, contact Andy Rachlin, President.
Alignment with Sustainable Development Goals
(SDGs):
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FEATURED INVESTMENT OPPORTUNITY #2: The Opportunity: Honeycomb Credit has $1.3M Left in a $3M Priced Seed+ Round to Help Communities Invest in Local BusinessesDetails: Honeycomb Credit is a community capital platform that enables small businesses to access fair lending capital, from their own customers, local communities, and impact investors, that they otherwise struggle to get from traditional lenders. In turn, those investors earn competitive, fixed income returns while diversifying their portfolios. With $16M in investments already deployed to 200+ small businesses, Honeycomb is
ready to scale its customer acquisition and drive more than $2M in revenue in 2023. Honeycomb has already hired an Account Executive in Philly to get more local businesses on the platform. Just recently, Philly-based Spring Point Partners approved the creation of a matching loan fund to co-invest in BIPOC-led Honeycomb campaigns in the Philly region. Honeycomb is raising a $3M Seed+ round with $1.7M already committed from the Philadelphia Chapter of Investors Circle, American Family Insurance, Network Ventures, Innovation Works, and others. To learn more, log in to OptImpact or contact George Cook, CEO.Alignment with Sustainable Development Goals (SDGs): |
FEATURED INVESTMENT OPPORTUNITY #3: The Opportunity: Solar States Trains & Employs Returning Citizens to Install Solar; Seeks $700k Loan to Purchase Warehouse to Accommodate 40% YoY GrowthDetails: Career opportunities are the solution to many of the problems that plague Philadelphia’s underserved communities. Solar States, a Philly-based certified B Corp, sells and installs solar to create these opportunities - providing free training to those with experience in the criminal justice system as an onramp to employment in the sustainable energy industry. With no prior experience, participants of Solar States’ 1000+ hour training program go on to become (watch these interview videos with graduates of the program) top salespeople, master
electricians, lead installers,
and operations staff. Solar States grew at 40% last year, improving cost and operational efficiencies, and expects to grow 40% again in 2023. To accommodate this growth, Solar States has an
agreement of sale on a warehouse in Bridesburg, with easy public transit for employees. Solar States seeks a loan, secured by the real estate ($1M purchase price) with interest rate of 2-4% for the 5-year duration of the loan (20 year amortization). $300,000-400,000 is already soft-circled with interest from the Patricia Kind Family Foundation. $100k investment minimum. To learn more, log in to OptImpact or contact Micah Gold-Markel, Founder & CEO.Alignment with Sustainable Development Goals (SDGs): |
TAKE ACTION Use OptImpact to connect with co-investors, streamline due diligence to reduce costs, and monitor regional activity. If you're aware of investments that |
FEATURED EVENTS The Event: Impact Social at the Navy Yard Date: February 8th at GatehouseDetails: Join us for our first in person event of 2023! This happy hour welcomes the impact community - impact investors, philanthropists, financial
professionals, social entrepreneurs, and others who want to align financial assets with values in order to build a more inclusive, sustainable, and resilient regional economy. Join us! The Event: Save the Date for Total Impact Summit 2023: Investing for People, Planet, and
Place Date: May 1st & 2nd at Convene CityView in Philadelphia Details: Total Impact Summit is ImpactPHL's flagship event. More than 300 people from across the country attended our event this past May. Our 2023 offering will feature two days of deep diving and actionable content
welcoming individual investors, family offices, foundations, fund managers, and financial advisors to connect with aligned peers and partners. Learn more. |
FEATURED READING For Us, By Us: Democratizing Investment and Building Community Power in Boston Details: In response to Boston’s notorious racial health and wealth
divide, the Boston Ujima Project (“Ujima”) was founded in 2017 as a community-led business and finance ecosystem. We sought to underwrite our people’s strength by directly resourcing what we call our economy builders: our small businesses, artists, and grassroots organizations. People often ask why we chose an ecosystem model, and we always say: a systemic problem requires a systemic solution. Read ImpactPHL Perspectives, Volume 60. |
TAKE ACTION
Read this article and previous ImpactPHL Perspectives |
THANKS TO OUR ANNUAL PARTNERS
WITH ADDITIONAL SUPPORT FROM
Laura Kind McKenna, Chris Pappo, Chrissy Kind, Leigh Wood,
Peter Leone, Tom Balderson, and John Moore.
Disclaimer: ImpactPHL's content is strictly for information purposes only - it is not and should not be regarded as investment advice or as an investment recommendation. Investors are encouraged to consult their own advisors and perform their own due diligence to inform the appropriate course of action. Further, ImpactPHL
features a variety of curated content, including content from partners who may provide financial and/or in-kind support to ImpactPHL's field-building activities.
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