‘Active angel impact investor’ Steve Monti’s Solidarity Capital raises $565,000

CARY – Steve Monti, an “active angel impact investor” and director of Solidarity Capital Group, has raised around $565,000 in equity for a new limited liability company, according to a recent SEC filing.

Under the business name, Spotlight Funding, the firm opened the round in early May, and has raised money to date from 13 investors.

The round is capped at $1 million, with $435,000 remaining to be sold.

Proceeds will be used for working capital, “which may include normal compensation to executive managers,” the filing noted.

Monti was unavailable for comment.

According to Monti’s LinkedIn account, he is founder and managing director of Solidarity, an investment firm and fund based out of Cary that finances “economically sustainable social justice enterprises,” and is itself a Certified B Corp.

He is also an Investors’ Circle member and co-founder and head of the IC NC local network; and a board member or advisor for various early stage companies and community initiatives. Before that, he had a 20-year IBM management career.

Since 2010, Monti said he’s been creatively deploying new approaches to advance social and economic justice in our community. He is especially “focused on building local impact investing as a powerful community-serving economic development tool.”

Solidarity’s portfolio includes Eastern Carolina Organics, Passage Home, Riley Life Logistics, Spotlight Solar and WasteZero, among others.