The Upside Foundation welcomes Espresso Capital as a new Community Partner and Member - Upside Foundation of Canada

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The Upside Foundation welcomes Espresso Capital as a new Community Partner and Member
April 27, 2017

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April 27, 2017

The Upside Foundation of Canada is excited to announce a partnership with Espresso Capital. Espresso Capital provides founder friendly capital to technology companies across Canada. Since its inception in 2009, Espresso has funded over $170 million in startup lines of credit and growth capital to over 225 companies.

Espresso is committed to giving back to the community. Alkarim Jivraj, President and CEO of Espresso Capital, has donated 1% of his Espresso holdings to the Upside Foundation.

“Canada is a great place for startups. We benefit from world-class education and health care, not to mention generous taxpayer funded assistance to support technology development and commercialization. I think we have an obligation to give back. Upside offers a unique model to give back using shares. Think of it as entrepreneurial social responsibility” said Alkarim.

As part of the partnership, Espresso will work with us to increase awareness and support of our 150X150: Turn Equity Into Charity campaign- aiming to increase membership to 150 companies this year, in celebration of Canada’s 150th birthday. Espresso joins Hubba, Wealthsimple, Wattpad, Overbond and over 88 other companies in this challenge.

“We are very excited to add Espresso Capital to the network of companies supporting the Upside Foundation,”, says Rob Antoniades, Co-Founder and General Partner at Information Venture Partners and Co-Founder and Chairperson of the Upside Foundation. “And are pleased to welcome Alkarim Jivraj, Espresso’s visionary CEO, to the Foundation’s Board of Directors, and thank him for his personal commitment to share the upside from his ownership of Espresso shares.”

About The Upside Foundation

The Upside Foundation is a registered charity that provides an innovative philanthropy platform to enable Canadian startups and high-growth companies to give back by donating equity – “Sharing the Upside”. Companies pledge warrants or stock options, which are then converted into cash and donated to the selected registered Canadian charity after a liquidity event (I.e. IPO, acquisition).

Check out the website at www.upsidefoundation.ca and take the first steps to share your upside by pledging today.

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