Very exciting news for social impact startups. By now you have probably heard that Title III of the JOBS Act has finally been enacted and now almost anyone can invest in early age startups. Previously, U.S. law prohibited unaccredited investors from attaining equity in private companies. With the new law, startups are now able to raise up to $1 million in a 12-month period. Investors with a net worth or income below $100,000(which is about 80% of American Households) can now invest either $2,000 or 5% of their annual income or net worth.
WeFunder is the first immersive platform that makes it easy for anyone to invest in these early stage startups. They have build a comprehensive platform that includes the company info, share price, valuation, case studies, and even the pros and cons of the company as it stands at this point. Think of Kickstarter or Indiegogo, but instead of purchasing products and exclusive perks, you are purchasing equity. It’s a very interesting concept with massive potential.
I went to the WeFunder site and looked over some of the existing startups currently raising capital and found four social impact startups that perked my interest. Below are the four social impact startups that I found. All are looking to solve interesting issues and create products that impact social issues. Check them out below.
Beta Bionics, Inc is developing a bionic pancreas system called the iLet™, a revolutionary fully integrated and wearable bionic pancreas medical device platform that automatically and autonomously manages blood sugar levels in people with insulin-dependent type 1 diabetes (T1D) 24/7. The iLet promises to dramatically improve clinical outcomes and profoundly reduce the burden and cost of diabetes care. Beta Bionics is a benefit corporation dedicated to serving the T1D community and now seeking regulatory approval for the iLet, the one and only bionic pancreas
NextDoorOrganics operates a 1650+ member food community in Brooklyn, NY. Thier members get everything they need to keep their kitchens stocked with healthy foods each week. NextDoorOrganics sources produce from a growing network of sustainable farmers, wild foragers, and small-batch food makers. Every week members just pick up their box or get a delivery—whatever works for them. They aim reduce the burden of choice and making seasonable, sustainable eating the new normal even in the concrete jungle.
Veditz is aiming to educate and empower the world’s Deaf community via the first mobile, on-demand and live education marketplace. They connect the world’s 70 million deaf population to education and tutoring on K-12 and college courses of all subjects. Instructions are delivered in the world’s major sign languages right on a desktop or mobile device, anytime, anywhere.
BogoBrush is rethinking the toothbrush with buy one + give one, eco-designed toothbrushes made entirely in the USA. The plastics in almost all toothbrushes are non-recyclable, meaning over 450 million toothbrushes a year in the U.S. alone end up in landfills. These products are either bio-degradable or made from nearly 100% recycled plastic. When you’re done, throw them in your compost or recycle bin—and nature will do its thing.
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