TechSoup is tapping impact investors to raise capital to fund initiatives that enable the nonprofit organization to grow and strengthen its work.
TechSoup is a California-based social enterprise business that provides technology solutions worldwide and is running for more than 30 years.
TechSoup has launched a direct public offering (DPO), a structure used by companies to raise capital instead of seeking grants.
According to TechSoup, they are the first nonprofit the U.S. Securities and Exchange Commission has approved for this type of debt offering.
Anthony Lee, managing director of Altos Ventures, and a TechSoup board member, says that the DPO is a new tool for nonprofits to raise capital, and for investors who want to support social enterprises and nonprofits, but also want a return on their capital. Read the Entire Article
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Employees have raised concerns over the future of disability support organization Bindi, following four staff layoffs that were just recently announced.