Reinforcing what matters

Designed for your investments to align with your values.

How it Works

The Institute for Building Sciences estimates that every dollar invested in building resilient infrastructure saves $6 in future costs including economic disruptions, property damage, public health crises, and deaths caused by extreme weather disasters. It’s a long term investment that requires us to rethink the built world.

The Social Return

We only list investment opportunities that pass our thorough screening process.   We start with what we call the Social Return:

Can the investment opportunity generate lasting economic, social, and environmental benefits by supporting the delivery of public infrastructure?

If we believe an investment opportunity represents the potential for Social Return, then it must pass our 14 Point Risk Evaluation to be considered for listing.

14 Point Risk Evaluation

Compliance Risks

Legal – Does the startup/project meet the legal criteria for a regulated crowdfunding offering?

Fraud – Is there any reasonable basis for believing that the issuer or the offering presents the potential for fraud or otherwise raises concerns about investor protection?

Management – A background and securities enforcement regulatory history check on each officer, director, and person holding more than 20 percent of the outstanding equity.

Fact Checking – Is the information presented in the pitch true? Can we verify key facts, contracts, and investments.

Disclosure Requirements – Do the disclosure documents provide the required disclosures to allow investors to make a rational investment decision?

Execution Risks

Liquidity – Does the offeror certify that they have enough post-closing liquidity (from the offering and any additional sources) to sustain operations for a specified number of months or a period of time which is clearly identified until the next planned funding round or, if a development project, to complete the proposed phase of the project?

Financing – How will changes and volatility in the credit and equity markets impact financing efforts and the capital structures of underlying investments?

Leverage – Construction startups and infrastructure development projects may utilize significant leverage which may increase financial and operational risks.

Valuation – Investment opportunities will be assessed to determine if appropriate and reasonable valuation procedures and methodologies are utilized by managers. Has the issuer provided a reasonable analysis of their valuation when applicable?

Financial Risks

Traction – Has there been measurable progress, growth, and social proof? Is the company backed by other notable investors?

Team – Do the founders/managers have the skills and vision to succeed? Beyond the founders, does the team have the right people in the appropriate roles–including experienced advisors?

Business Model – Is the business proposal commercially reasonable? Is there a clear and reasonable explanation of the exit strategy?  Are projected cashflows reasonable given the current market conditions?

Technology – Is the success of the offeror based on un-proven technology and what is the risk associated with new technologies proposed? Do they have any projects completed or are these their first projects? Any proof of concept?

Market – The construction/infrastructure market is global, and investment opportunities may be dependent on international supply and demand.

How do we source investment opportunities?

Professional Network

We have roots in the infrastructure development industry and are connected to the infratech startup ecosystem.

Trusted Referrals

Much of our deal flow comes from our vast network of partners: venture funds, accelerators, incubators, advisors, angel investors and founders networks.

Public Agencies

We regularly engage with Public Agencies looking for alternative sources of capital for their infrastructure projects and initiatives.