HomeEstonia-StartupsEstonian fintech startup RAISON raises €125K to grow its investment app

Estonian fintech startup RAISON raises €125K to grow its investment app

Tallinn-based startup RAISON, which is developing a mobile application for investments in private companies, has closed its new round of funding of €125K from an angel investor. In total, since the founding, the company has raised about €1 million. The first round took place in 2018 via convertible notes, at which point the investment in the startup amounted to €700K. 

Founded in 2017, RAISON app allows users to invest in large private companies such as SpaceX, Airbnb, Robinhood from €100. The startup has developed one of the world’s first legal structures for digitizing shares of private companies; the register of investors and all transactions with securities are conducted via blockchain. This provides a unique opportunity to invest with lower costs and simplified process. 

This structure of digitization of shares also meets the requirements of the European Union legislation, and the startup operates under a virtual currency service license. The structure additionally includes a regulated fund and an investment management company licensed by the US Securities and Exchange Commission (SEC).

Alexander Zaitsev, co-founder and CEO of RAISON commented: Our startup is entering the stage of scaling: we have a unique product, more than 5K users — their number is growing by 40% every month — and a clear development strategy. We recently passed the benchmark: we sold the entire stock of SpaceX, the first company in our portfolio. By the end of November, we plan to launch a secondary market for tokenized shares — a new stage in the development of RAISON will begin with it. We continue to move within the framework of our mission — make investments available to clients with different capital.”  

Andrey Berezin, co-founder and CFO of RAISON explains how exactly the startup democratizes the investment market, expanded: “Shares of private companies are usually not available to smaller investors: the minimum investment is €200K. At the same time, private companies grow faster than public and bring more income to shareholders. RAISON gives an opportunity for everyone to invest in promising businesses.”

Charlotte Tucker
Charlotte Tucker
Charlotte is the previous Editor at EU-Startups.com. She spends her time scouting the next big story, managing our contributor team, and getting excited about social impact ventures. She has previously worked as a Communications Consultant for number of European Commission funded startup projects.

Most Popular