Atlantic Labs in $11.6m round for Neufund

Philipp Freise of KKR and Michael Jackson of Mangrove Capital have also taken part, alongside investors from other cryptocurrency projects such as Max Kordek of Lisk and Fabian Vogelsteller of Ethereum.

Neufund acts as an intermediary between companies that want to raise money through an initial coin offering (ICO) and institutional investors that want to back them but have concerns about the legality and security of ICOs.

Companies that hold ICOs on the Neufund platform will tokenise their equity so that it can be bought and traded between investors – the business is calling this an ETO (equity token offering) to distinguish from other types of ICO.

The platform also allows companies that do not have blockchain technology as part of their core business to access this new funding type.

Neufund will issue its own tokens on 17 November, with the offering lasting for 30 days. NEU tokens are earned by committing capital to the platform and represent a stake in the ecosystem and transaction fees.

Previous funding
Atlantic Labs led a $2m seed round for the company to use toward development costs in January 2017.

Company
Neufund was founded in 2016 and is based in Berlin. The fundraising platform is based on Ethereum blockchain technology. It assists companies with issuing equity tokens for fundraising purposes as well as providing security to investors and giving them a platform to easily buy and sell the tokens. The company currently employs 14 people.

People
Atlantic Labs – Christoph Maire (founder).
Neufund – Zoe Adamovicz (CEO).

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