A new startup is not only making community development cool, but profitable. Cooperative Capital is making it possible for anyone in Michigan that makes a $1,000 minimum investment to vote on a monthly investment in Detroit.
According to a recent Fast Company article, the new community-based fund will launch later this year. “The fund will allow a group to use the aggregated capital in the way they think is best–and will help focus that larger group on solutions,” said Kwaku Osei, CEO of Cooperative Capital. “We think the much bigger picture is the dots that will be connected by having this large group of people coming together and having this alignment around collectively investing in their community.” Read more about the new fund and startup here.
Cooperative Capital is a cooperative private equity fund that empowers citizens to pool their money together to make promising investments within their community.