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Neufund, a chain asset-tokenization platform based in Berlin and a equity investment platform raised € 3 million midway through the offering of stock tokens. The sum is twice the value of the soft cap of the offer. The injection of capital comes from wealthy European investors, in particular VCs, angels and individuals.
The story of Neufund
Neufund it was established in 2016 as a legally applicable link between an on-chain token and real-world equity, making the offer compliant with German jurisdiction. The company's technology is allowing a virtually incorporated entity worldwide to conduct a public offering in the Blockchain field. Financing is viewed positively, especially when the public offering of Neufund's parent company, Fifth Force GmbH, ends on December 16th.
What's at stake?
The offer of stock tokens is a fusion of benefits derived from a classic VC round, an IPO and an ICO. Issuers raise funds in ETH and EUR, enable tokens to be traded on secondary markets, easily conduct follow-up fundraising campaigns and build other utility functions that contribute to improved investor governance.
Investors' investment on financing and on the future
Neufund has gathered the interest of his new investors from various backgrounds, including Udo Schloemer (founder and CEO of Factory Berlin), Chris Zippel and Dario Suter. He also looked for safe investments from his existing investors, including Freigeist Capital and Atlantic Labs.
Neufund promises a refreshing change from the traditional VC and private equity world, iterates Michael Jackson, venture capitalist and board member of Volvo Cars, AXA Insurance, Blockchain. He also sees it as a step towards the digitization of real-world equity in Blockchain-based tokens that offer a number of benefits: greater liquidity, programmable features, full transparency and automatic compliance.
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