Connect Fund has made an equity investment in Singlify, the startup that created the modular and customisable Investment Management system.
Connect Fund is a £3m social investment infrastructure fund managed by The Barrow Cadbury Trust. The Trust was set up in 1920 by Barrow Cadbury, then chairman of the famous family-owned Cadbury chocolate business, and his wife Geraldine.
Singlify is Connect Fund's first equity investment, and one of very few UK social investments using equity rather than debt as a way to provide finance.
Connect Fund issued Singlify with a 'convertible loan note' of £50,000. After 36 months, the investee either repays the loan with zero interest, or it's converted to equity (shares in the business) at a valuation determined at that point. Read the Entire Article
A customized collection of grant news from foundations and the federal government from around the Web.
The first annual Changemakers Festival, coordinated by the Australian Centre for Social Innovation, has collected thousands of social entrepreneurs who want to create social change.