Neufund, a fintech startup that connects innovative companies seeking capital with progressive investors, today announces €4 million of funding led by Atlantic Labs and Udo Schloemer (founder and CEO of Factory Berlin), with additional funds coming from Freigeist Capital and Dario Suter (founder and managing director of DCM). The new round extends the company’s previous €3.4 million series A round, conducted on the platform in 2018. The funding will be used for obtaining a financial license, accelerating the development of new products and notable hiring.
Neufund is a challenger, blockchain-enabled investing and fundraising platform. Founded in 2016, the company democratizes access to capital for innovators and entrepreneurs, and makes investing easy, safe, and accessible to everyone. The company is led by Zoe Adamovicz, a pioneering tech entrepreneur, serial founder, and CEO, who was named one of the Forbes Top 50 Women in Tech, was featured in our TOP 50: Europe’s most influential women in the startup and venture capital space list and who we also recently interviewed.
“From the outset, we have always strictly followed financial regulations and developed our business around the understanding that digital assets should be regulated like financial instruments. With this round, we take a further step in this direction: additional financial license would allow us to expand our list of services and products, while adhering to our compliant and transparent approach. We are thrilled to start this new chapter, and we have big plans ahead”, said Zoe Adamovicz, CEO and co-founder of Neufund.
“Funding innovative entrepreneurs is typically a complicated: expensive, often geographically inaccessible and time-consuming process. Providing a platform based on security tokens is a break-through and an opportunity to solve the problem. We believe Neufund will not only help entrepreneurs, but also impact the way people think about fundraising and even IPOs”, said Christophe Maire, founder and CEO of Atlantic Labs.
“For us, it’s an investment in the market’s future: with Neufund we finally have a chance to move from closed groups in several tech hubs to a global community, from growth at all costs to innovation, from exclusivity to inclusivity. Running an innovative business demands the courage and ability to deal with the constant ups and downs, and we’re impressed at how Neufund navigates this path. They are one of the most ambitious and audacious creators in the fintech sector, and we are thrilled to foster them via our renewed investment round”, said Udo Schloemer, founder and Chairman of Factory Berlin and managing director of Viva Forever.
Earlier this year, Neufund paused all upcoming fundraising campaigns to find a way to restructure the business to fit the ever-evolving fintech regulations, and plans to re-open the platform for entrepreneurs at the start of 2021. The company aims to prioritize and work closer with impact-driven small and medium-sized businesses (SMEs) that are, or could be, profitable while solving some of the world’s urgent problems and contributing to sustainable development.
