corpus GmbH, the Mittweida, Germany-based provider of Tokenize.it, a platform for token-based corporate financing and employee participation, raised €2m in seed funding.
Backers included High-Tech Gründerfonds (HTGF), w3fund and seed + speed as well as several business angels.
The company intends to use the funds to accelerate the further development of the platform and to launch important features such as employee participation and the Public Offer, a type of public fundraising.
Founded by Christoph Jentzsch, who sold his startup slock.it to a US investor in 2019 and became world-famous with TheDAO, which raised around $150m in a very short time in 2016, Tokenize.it offers a standardized procedure for the investment in German private limited companies (GmbH), legal conformity, and in the future tradability on the secondary market. This is realized through the procedure of offering in connection with a profit participation right mapped on tokens.
This process opens new opportunities for founders to involve their investors and employees and let them participate in the success of the company. The use of blockchain technology ensures the automatic execution of investments. In addition, this ensures the continued existence of the tokens, independent of the Tokenize.it platform, which creates trust and transparency.