Cofound.it Breaks Pre-Sale Record, Selling Out With Priority Pass Before Public Token Sale

Raises $14.8 million to become the thirteenth largest crowdsale in history

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Cofound.it, the platform for nurturing and incubating the world’s most innovative startups planning crowdsales, has today announced that its CFI tokens have completely sold out in a pre-sale held before its public crowdsale was due to start. The pre-sale, which commenced on June 4, 2017, raised a total of 56,565 ETH, the equivalent of $14,859,059 USD, and attracted 1,521 investors from across the globe. Within 3 hours of the pre-sale opening, 1,200 supporters had invested $5 million USD. Cofound.it offered pre-sale access exclusively to its most engaged supporters via its innovative Priority Pass mechanism. The highly-successful pre-sale means the token crowdsale scheduled to commence today will not take place.

Cofound.it CEO and Co-founder Jan Isakovic said:

“Cofound.it is proud to have made history today as the first crowdsale to completely sell out before its public token sale begins. This momentous achievement is testament to our revolutionary Priority Pass mechanism which rewards highly-engaged company supporters. We believe Priority Pass represents the future for startups planning crowdsales.”
“As Cofound.it moves into the next phase of developing its distributed venture capital platform that connects exceptional startups with world-leading experts and investors, we would like to humbly thank our supporters and investors for helping us close out our pre-sale in such grand fashion. Together, we have set a new benchmark and set of best practices for startups to launch high-volume crowdsales. This strong community support shows that the community shares our vision of a distributed Silicon Valley and our belief that the blockchain space must build it.”

The Cofound.it Priority Pass feature is available to companies that pass through the rigorous evaluation process and will give projects the opportunity to appeal to Cofound.it’s established network of supporters. The first projects launching through Cofound.it acceleration program, Santiment, Musiconomi, and X8currency will each use Cofound.it Priority Pass to kickstart their crowdsales.

Cofound.it has already connected with more than 50 promising crowdsale projects, with six currently accepted to the program. The company plans to launch at least 10 startup projects this year, with an additional 30 projects expected to launch in 2018.

CFI tokens will be issued to investors within 7 days after Cofound.it has audited the sale. CFI are expected to trade on major exchanges, which will be announced in the coming weeks.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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