The funding mechanism democratizes investment opportunities for
women, historically excluded, and impact founders
ATLANTA, Aug. 6, 2024
/PRNewswire-PRWeb/ -- A financing mechanism for startups has been
coined with a new category: Purpose Rounds™. Purpose Rounds™
democratize investment opportunities for women, historically
excluded, and impact founders, and transform customers and
community into owners and advocates.
"Our mission as an institution is to help
people align what they say they believe with what their money
creates in the world... the idea that this integration of values
and capital ought to be available to every person, regardless of
how much they have to invest, is a justice issue in our
eyes."
In leveraging Regulation CF and Regulation A, a Purpose Round™
functions similarly to a Community Round in its ability to leverage
accredited and non-accredited investors but sets itself apart by
mobilizing an entire community specifically around purpose. It's
neither a crowdfunding portal nor a broker-dealer.
The vision for creating a financing solution to help founders
launch Purpose Rounds™ came from Mark
Hubbard, General Partner at Renew VC: "Our mission as an
institution is to help people align what they say they believe with
what their money creates in the world, and one of the best ways to
do that is investment in private companies and their founders. The
idea that this integration of values and capital ought to be
available to every person, regardless of how much they have to
invest, is a justice issue in our eyes."
Renew VC has assisted founders who were looking for professional
guidance or financial support to launch a fundraising campaign via
a Purpose Round™ by overseeing the process, designing the story,
paying the vendors, and working with the founder to raise anywhere
from $1M to $100M, or more.
"The fundraising process is both expensive and complex. Founders
may not have legal counsel on retainer, nor completely understand
what an Edgarizer or a Blue Sky filer is – and that's completely
okay; that's why we're here to help," said Kt McBratney, General
Partner at Renew VC. "We do the heavy lifting so that founders can
do what they do best – mobilize their community and scale their
impact."
Examples of companies currently raising a Purpose Round™
include:
- All Better Co. - Seeking to innovate the $428B personal care market, All Better Co. has
reimagined how we treat bumps, bites, and bruises using proprietary
plant-powered products that are safe for the whole family, and the
environment.
- Mela Artisans - Working to preserve cultural heritage and
support the $727B home goods market,
Mela Artisans partners with more than 3,500 local artisans across
India, Vietnam, and Indonesia to create a unique supply chain,
consistent fair wages, and a global market for their goods.
Navroze Mehta, founder of Mela
Artisans, says, "We're losing multi-generational, highly-skilled
artisans each year because of a lack of meaningful distribution –
which is what we've solved. In building a solution that truly
celebrates heritage, we've built a strong community, making a
Purpose Round™ the perfect way to allow our supporters to invest in
our growth, and benefit in the upside."
Purpose Rounds™ have been established as both an alternative and
complement to venture capital and private equity. Founders or
investors who are looking to learn more are encouraged to get in
touch via https://www.purposerounds.com/.
About Purpose Rounds
Purpose Rounds™ are strategic rounds of funding for women,
historically excluded, and impact founders. By leveraging
Regulation CF and Regulation A, Purpose Rounds™ allow startups to
transform customers and communities into owners and advocates,
while thoughtfully centering purpose. For more information, visit
https://www.purposerounds.com.
Media Contact
Liza Vilnits, Purpose Rounds, 1
5083338548, liza@beyondtrendingpr.com,
https://www.purposerounds.com/
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SOURCE Purpose Rounds