Mission Markets, Inc. today announced it has closed a $1.5 million Series A2 funding round, which brings the company’s total funding to approximately $3 million. Social entrepreneur James Lee Sorenson provided the largest investment in the round and will join the company’s board of directors.
It may not be exclsively PES (Payment for Ecosystem Services) based, having expanded into the broader ‘impact investment’ relme, but this not-at-all-new company is an inspiring model. It’s been a long time coming, and great to see investment flowing – but 1.5Mil isn’t big money in the scheme of things. Seems they are putting a lot of effort into their platform (it’s pretty good) and it’s harder to work out how to create the investment traffic they need. Anyway, it’s great to see Mission Markets is still going strong – they’re a fav of mine. Let’s just hope it’s the tip of the iceberg for them.
"Providing an efficient solution through a number of online marketplace services, Mission Markets creates a sustainable economy by connecting “mission focused” communities of investors to “mission aligned” organizations. In addition to its flagship MMX platform, Mission Markets is currently developing an expanded portfolio of capital market and technology solutions to engage investors in sustainable capitalism and impact investing. Mission Markets supports sustainable capital funding solutions in a variety of sectors, including community supported enterprises, sustainable agriculture, renewable energy and environmental conservation."
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