Raising a fund can be easy if you have very good ideas and know the right investor. But the biggest problem is meeting the right investor. Neufund, a startup from Berlin is on a mission to open the world of finance.
Founded in 2016, Neufund connects innovative companies seeking capital with progressive investors (individual, VCs, business angels, and non-professional) from 123 countries.
Raised £3.6 million funding
In the latest development, the fintech startup raised €4 million (approx £3.6 million) funding led by Atlantic Labs and Udo Schloemer (founder and CEO of Factory Berlin), with additional funds coming from Freigeist Capital and Dario Suter(founder and managing director of DCM).
This funding is the extension of €3.4 million (approx £3 million) Series A funding, conducted on the platform back in 2018. The proceedings will be used to secure a financial license, accelerating the development of new products, and notable hiring.
Bridges investors and entrepreneurs
Founded by Marcin Rudolf, and Zoe Adamovicz, Neufund innovatively bridges investors and entrepreneurs. The company creates blockchain-based solutions and services, which include fundraising and investing platform, Employee Stock Option Plan (ESOP) Manager, Light wallet, post-investment instruments, and others. To date, investors have committed more than €20 million (approx £18.3 million) through the platform.
Restructuring business
Notably, the German fintech company suspended all upcoming fundraising campaigns to restructure the business according to the ever-evolving fintech regulations. The company plans to re-open the a platform for entrepreneurs at the start of 2021.
Aims to prioritise impact-driven SMEs
Moreover, the platform aims to work closer with impact-driven small and medium-sized businesses (SMEs) that are, or could be, profitable while solving some of the world’s urgent problems and contributing to sustainable development.
“From the outset, we have always strictly followed financial regulations and developed our business around the understanding that digital assets should be regulated like financial instruments. With this round, we take a further step in this direction: an additional financial license would allow us to expand our list of services and products while adhering to our compliant and transparent approach.”, – said Zoe Adamovicz, CEO and co-founder of Neufund.
“Funding innovative entrepreneurs is typically a complicated: expensive, often geographically inaccessible and time-consuming process. Providing a platform based on security tokens is a break-through and an opportunity to solve the problem.”, – said Christophe Maire, founder, and CEO of Atlantic Labs.
“For us, it’s an investment in the market’s future: with Neufund we finally have a chance to move from closed groups in several tech hubs to a global community, from growth at all costs to innovation, from exclusivity to inclusivity. They are one of the most ambitious and audacious creators in the fintech sector, and we are thrilled to foster them via our renewed investment round”, – said Udo Schloemer, founder, and Chairman of Factory Berlin and managing director of Viva Forever.
The post Blockchain equity platform Neufund nabs £3.6M funding, seeks a financial license appeared first on UKTN (UK Tech News).
