OurCrowd, a leading equity crowdfunding platform, in collaboration with Locust Walk Partners, launches a $500K investment round in Revolution Credit, winner of the 2015 Wharton Social Venture Fellows (WSVF) Impact Investing competition.
Revolution Credit is an engagement platform and database of unique consumer behavioral data that transforms the credit decision-making process for both lenders and consumers.The company was hand-picked from over 250 projects in six social impact market segments. OurCrowd will harness the power of the crowd to raise $500K on the company’s global crowdfunding platform with over 8,000 accredited investors.
The Wharton Social Venture Fellows program offers a unique experience for students to discover and innovate impact investing by selecting and reviewing investments that will change the world. OurCrowd CEO Jon Medved, stated:
“This is a new wave in social impact investing and one more step in the democratization of tech funding, with students getting in on the private equity game. OurCrowd looks forward to delivering real world experience to the future generations of business leaders. We’re helping teach them to do well by doing good.”
OurCrowd General Partner and CTO Gadi Mazor, who spearheaded the collaboration, also noted:
“The cooperation between WSVF, Locust Walk and OurCrowd allows us to provide significant funding to the most promising social impact projects. We’re looking forward to funding more high-impact investments along with these amazing students as part of this initiative in the near future. “
WSII Senior Director Jacob Gray, who oversees the Wharton Social Venture Fellows Program, then added:
“This is a great day for WSVF. Our students are our future business leaders and we couldn’t be more proud of the work they’ve done in partnership with OurCrowd, and the experience they’re gaining with the ‘next big things’ in financing — crowdfunding and impact investing.”