CuttingEdgeX enables easy, online investing in Direct Public Offerings (DPOs) for the first time by providing investors with information about DPOs and linking them to online platforms for purchasing shares
Oakland, California (PRWEB) May 08, 2014
CuttingEdgeX (CEX), an online marketplace that helps social enterprises connect with investors, announced today that Calvert Foundation has listed its Community Investment Note debt security on CEX.
Community Investment Notes are issued by Calvert Foundation to channel capital to high-impact community development initiatives in the U.S. and around the world. Since 1995, more than 13,500 investors have invested roughly $1 billion in Calvert Foundation’s portfolio through the Community Investment Note.
“Calvert Foundation is a pioneer in the growing movement to provide grassroots capital support and sourcing for impact investments,” said John Katovich, co-founder of CuttingEdgeX. “We are pleased that they chose CEX as one avenue for investors to learn about and access this community investment.”
“CuttingEdgeX is helping to expand our mission to a new audience,” added Patrick Davis, senior officer at Calvert Foundation. “In addition to CuttingEdgeX, investors can access Community Investment Notes directly with Calvert Foundation or through a brokerage account and take a financial stake in the growth and development of causes that are important to them.”
CuttingEdgeX enables easy, online investing in Direct Public Offerings (DPOs) for the first time by providing investors with information about DPOs and linking them to online platforms for purchasing shares. Several businesses and organizations, including Arroyo Food Co-op, RSF Social Finance, People’s Community Market, and Farm Fresh to You, have listed their DPOs on CuttingEdgeX. Ben & Jerry’s, Annie’s Homegrown and other companies have used Direct Public Offerings to finance their operations and maintain control of their companies.
About CuttingEdgeX
CuttingEdgeX (CEX) is a direct public offering marketplace that connects everyday investors with independent, social enterprises that need growth capital. CEX was launched in 2013 by Cutting Edge Capital, a business consulting firm helping social ventures and entrepreneurs to raise capital and select the right ownership structure for their organizations. Cutting Edge Capital also works to create and develop the capital markets tools, such as secondary markets, markets for the regulation of resource use, financial markets for investment in local food systems, and tools for aggregating community capital, needed to shape a truly resilient economic ecosystem. For more information, please visit http://www.cuttingedgecapital.com.