German fintech Neufund raises €4M in funding to obtain a financial license
Berlin-based startup Neufund has closed a €4 million funding round led by early-stage venture capital investment firm Atlantic Labs and Udo Schoemer, founder and CEO of Factory Berlin, with additional funds from Freigeist Capital and Dario Suter. This was an extension of the company’s previous €3.4 million Series A round.
Co-founded in 2016 by CEO Zoe Adamovicz and Marcin Rudolf, Neufund develops a digital marketplace that connects companies seeking capital with retail investors. To date, there are more than 11,000 individual, VCs, business angels and non-professional investors from 123 countries, who have committed more than €20 million through a fundraising and blockchain-enabled investing platform.
Except for the platform, the company’s solutions include an Employee Stock Option Plan (ESOP) Manager, Light wallet, post-investment instruments among others.
“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,” Adamovicz said about the further plans of Neufund.