{"id":659860,"date":"2013-05-23T13:17:50","date_gmt":"2013-05-23T17:17:50","guid":{"rendered":"http:\/\/www.pehub.com\/?p=223579"},"modified":"2013-05-23T13:17:50","modified_gmt":"2013-05-23T17:17:50","slug":"mission-markets-closes-1-5-mln-in-series-a2-funding","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/659860","title":{"rendered":"Mission Markets Closes $1.5 Mln in Series A2 Funding"},"content":{"rendered":"

Mission Markets<\/strong> said on Thursday that it has closed a $1.5 million Series A2 funding round. This brings the company\u2019s total funding to approximately $3 million. Lead investor was social entrepreneur James Lee Sorenson. Other investors were Bendigo Partners<\/strong>\u2019 Founder and former E*TRADE Financial Corp.<\/strong>\u00a0President and Chief Operating Officer Jarrett Lilien; film producer and philanthropist Sarah Johnson Redlich; and the Kantian Foundation<\/strong>\u2019s Chairman Robert J. Caruso. Sorenson, Johnson Redlich and Caruso will serve on the board of directors. Based in New York, Mission Markets is a provider of capital markets solutions.<\/p>\n

PRESS RELEASE<\/p>\n

NEW YORK (May 23, 2013) \u2013 Mission Markets, Inc. today announced it has closed a $1.5 million Series A2 funding round, which brings the company\u2019s total funding to approximately $3 million. Social entrepreneur James Lee Sorenson provided the largest investment in the round and will join the company\u2019s board of directors.<\/p>\n

Investing alongside Sorenson were Bendigo Partners\u2019 Founder and former E*TRADE Financial Corporation President and Chief Operating Officer Jarrett Lilien, film producer and philanthropist Sarah Johnson Redlich and the Kantian Foundation\u2019s Chairman Robert J. Caruso. Johnson Redlich and Caruso will also serve on the board of directors.<\/p>\n

The capital infusion will support the expansion of the online Mission Markets Capital Marketplace (MMX), a proprietary digital transaction platform that provides accredited investors with access to a broad range of sustainable and impact investment opportunities. Additionally, the increased capital will be used to enhance Mission Markets\u2019 comprehensive suite of investor and community portal solutions and to expand the company\u2019s marketing efforts.
\n\u201cThis funding will enable Mission Markets to demonstrate the potential of sustainable capital markets,\u201d said Ken Marienau, CEO of Mission Markets. \u201cAs the only Regulation D private transaction technology platform created specifically for sustainable capital opportunities, our infrastructure enables us to successfully scale the raising of mission-aligned capital. We are thrilled to have Jim lead this round and join the board alongside Sarah and Bob, and we look forward to executing our shared vision of how capitalism can be a force for good.\u201d<\/p>\n

Providing an efficient solution through a number of online marketplace services, Mission Markets creates a sustainable economy by connecting \u201cmission focused\u201d communities of investors to \u201cmission aligned\u201d 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.<\/p>\n

A globally recognized entrepreneur and multifaceted business leader, Sorenson has built highly successful companies in industries ranging from technology and life sciences to real estate and private equity investment. He helped develop several new industry categories, including digital compression software that helped usher in the online video revolution at Sorenson Media, and video relay services that transformed opportunities for deaf and hard of hearing individuals through Sorenson Communications.<\/p>\n

His philanthropic endeavors have helped establish highly impactful programs and organizations that improve the lives of the working poor and build regional business communities. Most recently, Sorenson made a personal gift of $13 million to the University of Utah\u2019s David Eccles School of Business to create a global impact investing center.
\n\u201cMission Markets represented a compelling investment concept for its potential to accelerate societal change on a global scale,\u201d said Sorenson. \u201cThe company is uniquely positioned to bridge the gap between capital markets and communities in need, and I am thrilled to play an integral part in helping realize this mission going forward.\u201d<\/p>\n

A partner and substantial investor in Worldview Entertainment, Johnson Redlich\u2019s film credits include executive producing The Invisible War, which was nominated for a 2013 Academy Award for Best Documentary. In addition to previously serving as the president of The Select Equity Group, Caruso is the founder and chairman of The Kantian Foundation, which focuses on impact investing. As president and COO of E*TRADE Financial, Lilien was responsible for building the premier online financial services franchise and delivering five record years of customer growth and earnings.<\/p>\n

Mission Markets\u2019 leadership team brings a wealth of experience across diverse industries, from capital markets and financial services to social enterprise and impact investment. A seasoned finance and operations executive, Marienau most recently spent 13 years as vice president of finance at E*TRADE Financial. Mission Markets Founder and President Michael J. Van Patten brings more than 20 years of experience on Wall Street and co-founded NYPPEX, a leading transactions and data firm.<\/p>\n

About Mission Markets, Inc.<\/p>\n

Mission Markets, the leading financial marketplace for sustainable capitalism, creates a comprehensive solution for social and environmental mission focused organizations to connect with impact investors, organizations and related professionals. In addition to its main website, Mission Markets provides Community Portals to enable local and affinity-based groups to connect with capital markets. The company helps mission-focused organizations grow by offering a broad range of financial products, from debt to equity investments. Securities products and services are offered through Mission Capital LLC (member FINRA\/SIPC). More information is available at www.missionmarkets.com.<\/p>\n

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The post Mission Markets Closes $1.5 Mln in Series A2 Funding<\/a> appeared first on peHUB<\/a>.<\/p>\n

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Mission Markets said on Thursday that it has closed a $1.5 million Series A2 funding round. This brings the company\u2019s total funding to approximately $3 million. Lead investor was social entrepreneur James Lee Sorenson. Other investors were Bendigo Partners\u2019 Founder and former E*TRADE Financial Corp.\u00a0President and Chief Operating Officer Jarrett Lilien; film producer and philanthropist […]<\/p>\n","protected":false},"author":8321,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-659860","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/659860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/8321"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=659860"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/659860\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=659860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=659860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=659860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}