Neufund, a Berlin-based startup that is building an open platform for investors to take startup equity in the form of tradable crypto tokens, raised €2m in funding.
Backers included Atlantic Labs, Klaas Kersting and a group of angels.
The company intends to use the funds to continue to build the platform.
Led by Zoe Adamovicz, CEO and co-founder, Neufund is advancing a blockchain-based and investor-directed platform combining cryptocurrency and equity to allow the creation of a new type of ownership structure that is neither money nor stock, but tokens which represent equity and at the same time are as liquid as currency.
In more details, Neufund is developing a technological and legal platform that allows equity of real-world companies to be represented as tokens living on the blockchain and anyone to invest in such tokens, individually or as a part of a decentralized organization, provides a framework of legal and smart contracts that make token emission and investment in such tokens binding both on-chain and off-chain and an open virtual Venture Capital (VC) Fund on top of platform services that invests in technological innovation.