FREQUENTLY ASKED QUESTIONS
Mission Markets is a financial technology firm specializing in the impact investment space. Through our proprietary and password website, we operate an integrated capital marketplace and community network making it easier for investors to learn about, discuss and, if they choose, make investments that improve society and protect the environment. Our capital marketplace combined with our community network also can create an effective syndication and distribution platform for financial intermediaries, sponsors and issuers of certain types of securities, wealth managers and project developers. To facilitate financial transactions via our website. Return
How is Mission Markets different from other private capital platforms and what investments are offered?
Mission Markets is only focused in the impact investing vertical and is operated by experienced capital markets professionals. We do not focus on either Crowdfunding or “startups” or “venture stage” offerings that target only angel investors. In addition to serving as an investment venue for so-called “high net worth” or other sophisticated individual investors. Mission Markets targets wealth management professionals and finance intermediaries who serve as the "Gatekeepers" and relationship managers to client assets. Thus, the transactions we list will include funds, project finance, structured debt products and later stage private and public companies in addition to earlier stage offerings that we may, from time-to-time, also list. Many of these offerings are sourced through deal sponsors and broker dealers seeking to use our marketplace as a distribution venue. Mission Markets supports offerings for both private placement securities and fully registered securities or investments not considered private placements. Return
What is impact investing?
Impact investments are investments made into companies, organizations, and funds with the intention to generate measurable social and environmental impact alongside a financial return. Impact investments can be made in both emerging and developed markets, and target a range of returns from below market to market rate, depending upon the circumstances. Impact investors actively seek to place capital in businesses and funds that can harness the positive power of enterprise. Return
What kind of returns can be expected from impact investments?
As is true with any investment in securities, there is never a guarantee of returns and investors must fully understand the risks and challenges associated with investing in each such instrument. Impact investments are intended achieve a social purpose in addition to generating a financial return on capital. Impact investments may be structured to generate a projected return ranging from below market (sometimes called concessionary) to risk-adjusted market rates. Return
How is impact measured on the investments I make?
Key to impact investing is the commitment upon issuers and investors to measure and report the social and environmental performance and progress of underlying investments. Impact measurement helps ensure transparency and accountability, and is essential to informing the practice of impact investing and building the field. For most issuers, we require the use of an approved and defined impact metric and report at least annually their pre-defined impact metric under the IRIS indicators. In other cases, the impact metric can be derived from other factors, such as the issuer’s investment strategy or statutory authorization. Return
Who are Mission Markets primary members?
Although all impact investing and sustainability markets stakeholders are welcome on our marketplace and network Mission Markets primarily is targeting an audience that includes sophisticated high net worth investors, institutional investors, foundations, wealth managers, fund managers, finance intermediaries and the gatekeepers who advise clients or family offices on investment strategy and asset management. Additionally we support cities and affinity groups who want to support local financing for their stakeholders. Return
How does Mission Markets work with channel partners?
We enter into various commercial agreements with channel partners who are permitted by us to offer products and services that can be advertised, offered or distributed on through our marketplace. In some cases, the product offered is an impact-oriented financial instrument offered on our capital markets marketplace the MMX . However, we also will allow third-parties to offer related products and services and we engage with research and data providers to supply our member network with free open source and subscription based impact markets, ESG and public equity sector and company reports. Return
I’m not in the U.S. Can I invest?
Currently, and with only a few limited exceptions, we cannot accept investments from investors from outside of the US who have not established a US legal presence. Return
How do I make an investment on Mission Markets MMX platform?
To make an investment on Mission Markets MMX platform each prospective investor must who registers for membership must also be approved as an eligible investor qualified to view any given securities offering (which will often require that person or institution being deemed to be an “Accredited Investor” as defined by Section 501 of SEC Regulation D). After being qualified, the investor would be able to select the offering and click the “View Details” link to see the full listing. At the bottom right you can click a link to “Learn More About This Deal.” This will notify a Mission Market’s representative to put you in touch with the issuer, who may provide you with further documentation (such as a Private Placement Memorandum if one was prepared in a Private Placement). When you decide that you wish to invest in a particular issue listed on the MMX. If you are approved, your relevant investment documentation (including any Subscription Agreement) will be sent to the issuer and you will be allowed to deliver funds to issuer’s designated account (usually but not always administered by a bank as an escrow account). Return
Are there fees for investors?
Mission Markets charges no fees to investors. Return
How can I use your network to form co-investment or due diligence groups?
Investors can use our messaging and connectivity tools to form co-investment or due diligence groups by identifying certain investment offerings and sending an invite to members or non-members (non-members would have to register after being contacted). The member forming the group could then create a discreet "Deal Space" and invite members to participate. Return
Are these investments risky?
Many if not all of the investments listed on our website may require the investor to perform due diligence efforts to understand the risks and business case of the issuer before making an investment. In addition, there may be limited liquidity in certain categories of investments, such as Regulation D Private Placements (i.e., it may be difficult or impossible to sell the security in the future). Many issuers may be (or may invest in firms) in an earlier stage of growth, and these businesses may be subject to resource constraints and a higher degree of business failure than more established firms. As with all investments, there are external risks (e.g., environmental, regulatory, and competitive); and internal risks (e.g., obsolescence, fraud, changing customer preferences, management team capabilities, etc.). Each investor should do their homework and review an issuer carefully before investing. Even good investments may not be suitable for all investors. Return
How are investor funds sent to the issuer?
Generally, funds will only be sent to the issuer (by the investor) . When that determination is made, the investor will be instructed to deliver the funds to the issuer in such manner as prescribed in the offering. Return
How do I contact an issuer?
Mission Markets facilitates issuers and investors finding each other and sharing information. If an investor has a question or wants more information from the issuer, they should request it by clicking the "Contact Mission Markets" button. Please review the investor communication guidelines provided in your live issuer packet. Return
What is the due diligence process when reviewing offerings?
Mission Markets conducts a reasonable investigation of the issue which includes reviewing its management, business prospects and assets, and to review all documentation and information made available to prospective investors, in order to determine that such information and documentation fully and accurately discloses all relevant and material facts related to the issuer and the securities being offered. Return
What type of issuer services does Mission Markets provide?
Mission Markets provides an impact investing venue (the MMX) for high net worth investors and institutional investors. The MMX thus provides issuers of impact-related securities, including public and private companies, funds, project finance developers and others, with an investment securities platform and investor network in which to place and distribute offerings. We provide a variety of solutions that empower issuers to identify, connect, and share confidential deal information with targeted investors. Return
What tools do you supply issuers and deal sponsors to access capital?
We provide direct issuers, deal sponsors and project developers a variety of networking and offering tools to discreetly access capital including private deal spaces, member profiles to target specific investors, webinars, and events calendar to schedule salons or WebEx presentation. Additionally we provide a comprehensive deal page for each offering with issuer metrics to track investor interest. Return
Does Mission Markets provide investment banking services?
No. Although Mission Markets staff includes professionals with extensive investment banking and deal structuring experience we do not provide financial advisory services to issuers nor do we represent that we have a fiduciary relationship with issuers. We do however have relationships with a variety of firms that do provide advisory services and we can, on occasion, provide an appropriate referral. Return
What is the listing process?
First the company seeking investments would register on our site as an organization seeking capital. The exact Listing Requirements are dependent upon the nature of the offering (e.g., whether it is a private placement or a registered offering). Although the process by which an offering gets “listed” may also vary, the following briefly summarizes our two-step review and authorization process:
a. The Mission Markets Marketplace Approval Committee (“MAC”) will review the documents and information furnished by the issuer and determine whether the issuer has complied with the relevant Listing Requirements and is in all other respects eligible to be listed on the MMX.
Who are your investors?
Our investor database consists of approximately 25% high net worth individuals with the balance being institutional investors from financial institutions, foundations, family offices, and funds. Return
What types of deals of offerings does your platform support?
Our platform supports Common Stock, Preferred Stock, Convertible Notes, Structured Debt, LP Interests, LLC Interests, and Royalty based structures. Although we do not have a set standard for the maturity of an issuer seeking funding our history suggests that early or venture stage companies have proven to be less successful in accessing funding on the MMX. Return
What is the “impact” part of listing with Mission Markets?
All of Mission Market’s investments demonstrate a commitment to operating in a socially responsible manner or possess a business model that provides a positive social and / or environmental impact. To show proof of this commitment each issuer must include an approved 3rd party sustainability metric. The issuer may choose the third party rating or use GIIRS (Global Impact Investing Rating System), which is a cross sector sustainability rating assessment. (Mission Markets has a special arrangement with B-Lab's GIIRS rating system. As a Mission Markets listed company you will qualify for the discounted rate of $300 for your initial GIIRS assessment.) We also require an IRIS indicator (Impact Reporting and Investment Standards) result metric for your business. Return
How long does it take to raise capital?
It can take 6 months or longer to complete the financing round. There can be no guarantee of success; not all offerings are successfully funded. Return
Can we raise capital outside of Mission Markets while listing with you?
Yes. We allow all of our issuers to raise money outside of the platform. Return
What is the size range of deals on the platform?
The size of the deals on our platform varies greatly, from a low of $2,000,000p to $1,500,000,000. Return
Is there a minimum raise amount required?
Due to transaction costs associated with marketing an offering, generally, private placement offerings are appropriate for investments of $2,000,000 or more. Alternative sources should be sought for smaller, early round raises. Return
What are the fees?
There is a nonrefundable $1,000 listing fee. Return
Can I bring my own investors?
If you have investors that are interested in your offering please disclose them prior to listing with Mission Markets. Return
What documents do I need to list my offering?
Mission Markets listing requirements currently vary depending upon the type of the offering (e.g., private placement or registered securities). However, in all cases the issuer will be required to provide a disclosure document (e.g. a Prospectus in the case of a registered offering; a Private Placement Memorandum (“PPM”) or, in lieu of a PPM, a Detailed Term Sheet (setting forth all material terms of the Securities being offered) and Executive Summary, in the case of a Private Placement). Other requirements may include an engagement letter with U.S. legal counsel (Private Placement) and a form of the Subscription Agreement (and any other instructions for investors) to be made available to investors. All underlying contractual engagements with Mission Markets and/or will are also required to be executed before the MAC may consider the issue for listing on the MMX.
It is important to recognize that the Mission Markets “Listing Requirements” do not necessarily summarize all documentation or information we may require before the MAC can recommend an issue for listing on the MMX will approve such recommendation. An Issuer seeking to list Securities on the MMX must provide information and documents enabling us to conduct a reasonable investigation of the Issuer and the Securities being offered (“Due Diligence”). The exact information required to complete a Due Diligence review is dependent on the specific facts and circumstances involved.
An Issuer seeking to list Securities on the MMX must provide information and documents enabling us to conduct a reasonable investigation of the Issuer and the Securities being offered (“Due Diligence”). The exact information required to complete a Due Diligence review is dependent on the specific facts and circumstances involved. Return
Is there a limit to the number of investors in my deal?
The issuer will decide who makes investments in their company. The number of investors will be effected by the amount sought, the minimum investment per investor and, in some cases, applicable law. Return