The company aimed to deliver critical fiber broadband infrastructure to communities, and opportunities to investors interested in closing the digital divide.
Previous to their broadband endeavors, Neighborly facilitated municipal bond investments to finance community infrastructure, including schools, libraries, bike paths, and parks.
[3] In April 2014, Neighborly won the 14th Annual Global Technology Symposium, held at Draper University in San Mateo, beating 8 other companies from 7 different countries.
[5][6] In July 2015, Neighborly introduced the concept of ‘civic microbonds’ to lower the minimum denomination required to invest in municipal bonds.
The move paid off when, in August 2015, Neighborly secured $5.5M seed financing led by Joe Lonsdale's Formation 8 and Ashton Kutcher's Sound Ventures.