Neufund pockets ?2m for blockchain-based investments

Blockchain-based investment platform Neufund has raised ?2m in a Seed round of funding.

The investment for the Berlin-based startup comes from Atlantic Labs, Klaas Kersting and other angel investors.

Still under development, the company platform aims to allow blockchain-dependant startups to raise funding directly from investors through initial coin offerings (ICOs).

Investors through the platform will receive crypto tokens that represent equity and at the same time are as liquid as a currency.

The company claims startups have raised more than $250m through ICOs to date.

Neufund is based on an ecosystem of smart contracts operating on the Ethereum blockchain designed to increase the speed and reduce the cost of investing as well as diversifying tech innovation funding.

Company CEO and co-founder Zoe Adamovicz said: ?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.p>

The financing will be used to continue the platform development.

Copyright ? 2017 FINTECH GLOBAL

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