ImpactAlpha, May 14 – LITA.CO, a Paris-based startup, has developed a platform to help European social impact startups crowdfund equity investments. LITA.CO chooses companies based on their value proposition, their financial condition and social and environmental metrics, and allows individuals to back enterprises with as little as €100 and get a tax benefit. LITA.CO has helped 39 companies secure nearly €10 million in financing since 2015.
- Equity for equity… Aviva Impact Investing France, Phitrust, Inco Investissement, and several Belgian, Italian, and French angel investors and entrepreneurs are backing LITA.CO’s own funding round.
- Fund matching… Aviva also matches, euro-for-euro, any capital invested through LITA.CO.
“Our craziest dream is to digitize all solidarity finance,” said LITA.CO co-founder Eva Sadound, “and allow everyone who visits our site to be able to build a 100% responsible portfolio.”