SAN FRANCISCO, CA, Neighborly raised a $25 million Series A round.
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Neighborly raised a $25 million Series A round to further its mission of modernizing public finance. The investment was led by Joe Lonsdale at 8VC, Laurene Powell Jobs at Emerson Collective, with follow-on participation from Ashton Kutcher at Sound Ventures, Maven Ventures, Bee Partners, and Stanford University. The firm also welcomed newcomers Govtech Fund, Abstract.vc, and Fintech Collective.
Neighborly's financial technology platform brings the trusted municipal finance market into the digital realm. We provide direct access for investors and meaningful, understandable data transparency for all stakeholders in this marketplace, including municipal finance professionals. We bring the two-century-old, billion dollar per day market that finances public projects to a new generation of people interested in making a direct impact on the places where they live, work and play.