See the Impact Crowdfunding Opportunities We're Considering at the Next Impact Cherub Club Meeting

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As we gear up for the 1:00 PM Eastern, May 21st, meeting of the Impact Cherub Club, we invite you to join us. The club meets to review impact investments everyone is eligible to make and virtually anyone can afford. We share responsibility for completing basic due diligence before making investments. While members are encouraged to invest in the Club’s picks, no one is required to invest.

The Club is open to all “Impact Members” of the SuperCrowd (our paying subscribers). I don’t touch the money members invest. They do so directly for their own accounts. We benefit from new members by the fresh perspectives they bring and our growing social impact. Please join us!

Next Meeting—May 21, at 1:00 PM Eastern

At our next meeting on May 21, at 1:00 PM Eastern/10:00 AM Pacific, consistent with our plans for future sessions, the agenda will have three items:

• Diligence Reports

• Education Moment

• Preliminary Consideration of New Candidate Investments

I’ll review those items in reverse order.

New Company Consideration

After some preliminary screening, I’ve shared some candidate offerings with the members of the club to choose which we’ll review this month. Members chose the following:

Biochar Life

Biochar Life is raising funds on Wefunder. The company is empowering smallholder farmers with its biochar. Biochar is a supercharcoal made by heating biomass without oxygen and helps to remove carbon dioxide from the atmosphere without burning. Biochar Life aims to reduce carbon emissions, enhance public health, reduce poverty, and increase employment. The business has reported a five-time revenue growth in the last twelve months and brought about a sizeable environmental impact with the removal of 10,000 tonnes of carbon dioxide to date. Jason Highberger, Aom Kwanpiromtara, and Evelind Schecter founded Biochar Life in February 2022. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $350,000. The campaign proceeds will be used for marketing and business development activities, strengthening technical and compliance team capabilities, and working capital. (Courtesy of Kingscrowd.)

Solar for Liberty Hill Farms

Solar for Liberty Hill Farms is raising funds on Climatize. It is a solar energy project to be deployed at Liberty Hill Farms in Somerville, Tennessee. Solar for Liberty Hill Farms will include a 267 kW solar installation with 522.24 kWh of battery storage. The project has secured a 40% ITC, has been awarded a 50% USDA REAP grant, and will help to avoid 5,719 metric tons of carbon dioxide equivalent. John Carey founded Solar for Liberty Hill Farms in May 2023. The current crowdfunding campaign has a minimum target of $850,000 and a maximum target of $980,000. The campaign proceeds will be used to complete the solar and storage project. (Courtesy of Kingscrowd.)

Education Moment

We’ll discuss Impact Assets' new Give-to-Invest program, which allows relatively small groups to organize donor-advised funds that track sub-accounts for their members. This will be our second discussion of this topic as we explore the possibility of establishing a fund for the Club.

Diligence Reports

We’ll begin with the due diligence reports from the Impact Cherub Club members who volunteered to research the companies after we briefly learned a bit about them last month. After hearing the members’ reports, we’ll vote to determine whether or not to recommend investment in the companies. The decision will be made available to all Impact Cherub Club members, including those who don’t attend this month. Register here.

Here are the companies we’ll learn more about this month:

Got Bag

GOT BAG North America, with a valuation of $12 million, is raising funds on Wefunder. The company makes travel bags and urban lifestyle products using recycled Ocean Impact Plastic. GOT BAG has sold over 100,000 products online and to elite retailers like Saks, Free People, and REI and spans three continents with over $20 million in global net revenue in 2023. Benjamin Mandos founded GOT BAG North America in March 2023. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $500,000. The campaign proceeds will be used for marketing and PR initiatives, supply chain optimization, partnerships and collaborations, and retail presence. (Courtesy of KingsCrowd.)

Handprint

Handprint, with a valuation of $23 million, is raising funds on Wefunder. The company has developed a SaaS marketplace that enables companies to increase their profits by restoring the planet. Handprint is a nature tech company that gives verified Nature Credits to companies that offset their carbon footprint and help restore ecosystems. The company is unique in rewriting capitalism with ecosystem restoration, for which it won the Microsoft Green Tech Challenge 2021 and Tech in Asia Startup 2023. Mathias Boissonot, Dr. Ryan Merrill, and Simon Schillebeeckx founded Handprint in December 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for US sales and marketing, advancement of the software solution and impact data team, and acquisition of subsidiary companies in Indonesia and Singapore. (Courtesy of KingsCrowd.)