Thursday, March 27, 2008

Check out the "SoCap" Index

Recently launched by Xigi with support of Good Capital, is a tool they call the SoCap Index, or for those not so much in the know, Social Capital Index (SCI). SCI was launched to track all kinds of investments that are happening in the broadly defined social capital market. Within the Index, and of particular interest to companies looking for funding of this nature, or investors looking for somewhere "good" to put their money to work, is the DealSpace.

In their words, "the DealSpace portion of the SoCap Index is a timely tracking of investments in the social capital market, including social enterprise (health, education, and workforce development), fair trade, digital inclusion, and some clean tech and microfinance investments. It includes investments into social funds and syndicates as well as investments gathered from angel investors and relevant foundations by social entrepreneurs." It's a non-searchable PDF report at this point but they intent to make more interactive in the future. Regardless of format, they strive to become a reliable, objective third-party database of both money in and money out in the space and track both equity and non-equity (debt, grants, etc.) investments. In the future, they also hope to list companies who are seeking investment but who have not yet closed.

I for one am no only glad to find these tools but am also encouraged that more SoCap deals are actually getting done!

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