Berlin, September 16th – Neufund has become the world’s first platform to launch a fully compliant retail public offering using blockchain technology. The platform has received clearance from the Financial Monetary Authority in Liechtenstein to host public offerings with a minimum investment of just €10, making it accessible to investors of all sizes.
The first retail issuer on Neufund is Greyp, an electrical mobility platform backed by Porsche, Camel Group and T-mobile. It is a sister company of Rimac Automobili, a car manufacturer founded by Mate Rimac, the “Elon Musk” of Europe.
Neufund dramatically lowers the barrier to entry for companies raising funds, reducing the cost of conducting a public offering compared to traditional IPOs. It also accelerates the fundraising process in comparison to VC rounds (companies can launch their campaign within days of going through KYC), and offers the same accessibility to global investors as blockchain-based token sales, without compromising on security.
While Neufund offerings are governed by German or Lichtenstein jurisdictions, companies can be incorporated from most countries around the world (including the UK). Neufund is already working on future offerings with companies based in India, Croatia, Germany, and Belgium.
“I am pleased that Neufund has decided on Liechtenstein. This shows that Liechtenstein, with its open attitude towards new technologies, is perceived as an attractive location for innovative business models,” said Adrian Hasler, the Prime Minister of Liechtenstein.
“Today, Neufund delivers on its promise to democratize access to funding for entrepreneurs globally and enable anyone to access most innovative investment opportunities with ease, in a compliant and secure environment. It’s a big day – not just for Neufund, but business and finance communities at large” commented Zoe Adamovicz, co-founder and CEO of Neufund.
€16m has already been deployed through Neufund. The company attracted over a thousand of investors to its first fundraising in 2017, and again in 2018, when it conducted the first offering of tokenized equity for professional investors to test drive its platform. More than 5 thousand investors have signed up on the platform since launching in May 2018.
The offering starts on September 16th, the investment terms can be found on the company's listing page.
In regard to press release made on Sept. 16th by Fifth Force (Liechtenstein) GmbH (operator of the Neufund platform, Neufund) we would like to clarify explicitly that Fifth Force (Liechtenstein) GmbH (Neufund) has not received any kind of license or approval (“Genehmigung”) from the Financial Market Authority in Liechtenstein (FMA).
Instead, Fifth Force (Liechtenstein) GmbH (Neufund) has submitted its intended business model within the context of a legal opinion dated 04th April 2019 with changes dated 21st May 2019 to the FMA in Liechtenstein. After assessment of the information and the documents submitted by Fifth Force (Liechtenstein) GmbH to the FMA, Fifth Force (Liechtenstein) GmbH has been informed on 23rd August 2019 that the submitted facts do not indicate activities subject to a license according to Art 5 para 1 Financial Markets Supervision Act. With this assessment the FMA does neither approve nor endorse Fifth Force (Liechtenstein) GmbH business model as the operator of the Neufund platform.
In Bezug auf die Pressemitteilung der Fifth Force (Liechtenstein) GmbH (Betreiberin der Neufund Plattform, kurz Neufund) vom 16. September möchten wir ausdrücklich darauf hinweisen, dass die Fifth Force (Liechtenstein) GmbH keine Genehmigung der Finanzmarktaufsicht in Liechtenstein (FMA) erhalten hat.
Stattdessen hat die Fifth Force (Liechtenstein) GmbH ihr beabsichtigtes Geschäftsmodell im Rahmen eines anwaltlichen Rechtsgutachtens vom 04.04.2019 mit Anpassung vom 21.05.2019 der FMA in Liechtenstein vorgelegt. Nach Beurteilung der Informationen und Unterlagen, die der FMA von der Fifth Force (Liechtenstein) GmbH vorgelegt wurden, hat die FMA die Fifth Force (Liechtenstein) GmbH am 23.08.2019 informiert, dass aufgrund des vorgelegten Sachverhaltes keine nach den in Art. 5 Abs. 1 Finanzmarksaufsichtsgesetz genannten Spezialgesetzen bewilligungspflichtige Tätigkeiten der Fifth Force (Liechtenstein) GmbH zu erkennen sind. Mit dieser Beurteilung der FMA wurde und wird das Geschäftsmodell der Fifth Force (Liechtenstein) GmbH als Betreiberin der Neufund Plattform nicht genehmigt oder gutgeheissen.
Neufund is a challenger, blockchain-enabled investing and fundraising platform. Founded in 2016, the company democratises access to capital for innovators and entrepreneurs & make investing easy, safe and accessible to everyone. The company is led by Zoe Adamovicz, a pioneering tech entrepreneur, serial founder and CEO and was named one of the Forbes Top 50 Women in Tech.
Greyp is a high-tech mobility company that makes award-winning electric bikes. A sister company of supercar maker Rimac Automobili and led by CEO Mate Rimac, Greyp’s leading investors include Porsche AG and Camel Group, while T-Mobile is among its major partners. The company builds out a connected mobility platform.
Contact for press: Jeremi Jak, [email protected]