Berlin-based Neufund, a blockchain-enabled fundraising platform, secures €4 million and seeks a financial license
Summary
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). “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. 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.