Library of Things

Library of Things, a UK-based social enterprise, champions the shift from individual ownership to community sharing. Offering access to a diverse range of items – from tools to electronics – Library of Things reduces waste, supports sustainability, and builds stronger communities through shared resources.

As Library of Things expanded, the need for financing became more pressing. They sought a funding structure that aligned with their purpose-driven values while supporting growth. Initially, they structured a Demand Dividend in line with steward-ownership principles, hoping to attract pioneering investors. After months of pitching their model, they realized the approach needed refining. They decided to adapt their offer – shifting to non-voting shares, targeting a different network of investors, and lowering their funding goal. 

This new approach paid off, allowing them to secure the necessary funds while staying true to their mission. Their financing structure now enables them to scale further, while ensuring that ownership and decision-making remain aligned with their values of sustainability and community-driven impact.