Berlin’s Neufund Blockchain Fundraising Platform Raises $2 Million

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Berlin-based  Blockchain-based fundraising platform, Neufund has successfully raised $2.13 million in seed fund to build a Blockchain-based and investor-directed platform which bridges the world of cryptocurrency and equity. The fund unlocks the resources of cryptocurrency and Blockchain to fund startups and all forms of technological innovation and disruption.

Investors participating in the fundraising round includes Atlantic Labs, Klaas Kersting and a group of undisclosed angel investors.

Neufund is currently in the process of developing an investment platform where investors can fund startups against equity using cryptocurrencies. Once completed, the platform will be available for startups working in the cryptocurrency sector through Initial Coin Offerings (ICO). Neufund claims they weill build a distributed organisation operating on Ethereum Blockchain.

Their whitepaper can be seen here. 

According to Neufund’s website, it is the first open venture capital fund. The platform is built on Ethereum Blockchain, utilizing its smart contracts feature. The distributed organization issues crypto tokens representing the equity for startups raising funds through its channel. By using these features, Neufund speeds up the process of capital flow in and out of startups, while reducing the transaction costs.

“In venture capital, both startups and investors have an almost illiquid asset position – transaction costs in and out of a company are very high. Neufund offers a legal and a technical solution to bridge company shares and Blockchain-based tokens. This is completely new because it allows tokens to not only represent ownership in a Blockchain network but also equity in off-chain companies,” said the CEO and co-founder of Neufund Zoe Adamovicz

About Richard Kastelein

Founder, Publisher and Editor in Chief of industry leading online publication, Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC. Kastelein is also an advisor with a number Blockchain startups doing ICOs including Humaniq.co where hs is interim CMO, DECENT.ch, Inchain, Chronobank, eGaas and others. He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List.

As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven, Bucharest, Nairobi, Tel Aviv, Manchester, Brussels, Barcelona etc, where he helped spread the cause for Blockchain technology and cryptocurrency and, consequently, has built a notable network in the scene.

He’s also a director of a Dutch foundation called The Hackitarians and has run innovation events in London, San Francisco, Berlin, Amsterdam and other cities around the world on topics such Blockchain, Health, Energy, Internet of Things, AI etc.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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