Dealflow | November 18, 2018

SVX.US debuts with ‘direct public offering’ from TechSoup

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, November 18 – Toronto-based impact investing platform SVX is rolling out a U.S. version of its matchmaking service with an $11.5 million debt offering from TechSoup.

California-based TechSoup is non-profit tech marketplace for charities and libraries. The 31-year-old organization helps other organizations secure hardware and software technologies they need “to design and implement technology solutions for a more equitable planet.” It claims to have supported more than a million organizations globally.

TechSoup is using SVX’s new U.S. platform, SVX.US, to raise $11.5 million in debt through a “direct public offering.” Investors on the platform will be able to make commitments of as little as $50 to the organization.

The offering is the first time the SEC has qualified a nonprofit to fundraise nationally through such a structure, according to a joint SVX and TechSoup statement.

TechSoup is the first investment opportunity to list on SVX’s U.S. platform. SVX Canada has supported more than 100 Canadian ventures and organizations in raising C$100 million ($76 million).