TechSoup Direct Public Offering (DPO)
Time Period: 2018-2021
Geography: United States, Global
- Over 209 investors supported the SVX US campaign, including individuals making smaller individual investments of $50 to institutions making multi-million dollar investments.
- Major funders and investors including Microsoft Philanthropies, VMware, Okta for Good, and Nonprofit Finance Fund supported the TechSoup capital raise campaign.
- For every $100 invested, TechSoup is able to distribute an estimated $47,000 of additional resources to nonprofits.
- TechSoup has reached 1.3 million organizations in 236 countries and territories around the world. The DPO will enable it to make additional inroads into the global nonprofit/NGO sector, which is made up of more than 12.3 million NGOs and an estimated woperurkforce of 251 million people.
Links or Resources: TechSoup Close Announcement
Client and/or Partners:
TechSoup connects civil society organizations and changemakers around the world to the resources they need to design and implement technology solutions for a more equitable planet. TechSoup issued and closed a $11.5 million capital raise campaign using the SVX US platform.
TechSoup’s’s three year, $11.5 million campaign included $4 million raised through a Direct Public Offering (DPO) of debt securities and $7.5 million raised through loans, recoverable grants and donations. The TechSoup offering, which included three tiers of debt securities investments, marks the first time the Securities and Exchange Commission (SEC) qualified a nonprofit to raise funds nationally through a Regulation A+ / Tier 2 offering.
With investment minimums as low as $50, it was uniquely structured to engage with TechSoup’s community, including the non-profits they serve, the technology companies they support, and those who have supported TechSoup for 30 years.
“We are thrilled to have reached our growth capital campaign goal thanks to investments by many of TechSoup’s community stakeholders, including the nonprofits we serve. SVX US was a critical partner in enabling TechSoup to raise this funding. These investments will expand our capacity to deliver needed resources to civil society organizations around the world.”
— Ken Tsunoda, VP, Development + Network, TechSoup