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Startup Raises $1.5 Million in World’s First-Ever Blockchain-based IPO

According to EU-Startups, Neufund — a blockchain-based fundraising platform based in Berlin, hosted the IPO. The T-Mobile and Porsche-backed Greyp raised about €1.4 million ($1.5 million) from more than 1,000 investors who participated in the IPO.



Commenting on the success of the Greyp IPO, Neufund CEO Zoe Adamovicz remarked:

“It’s an exciting day for Neufund and huge step forward for the security tokens industry at large. We have proven that private companies can effectively use blockchain IPOs, whilst lowering the barrier to entry for retail investors. Neufund is the future of stock exchanges, with a global investor base of 11k from 111 countries and counting.”


Following the completion of the Greyp IPO, NEU token holders will now receive distributed earnings from the public sale. Neufund plans to host another IPO, this time for Black One, an entertainment startup based in Germany. Reports also say the blockchain fundraising platform is eyeing other issuers from Belgium as well as India. Neufund launched its regulated tokenized equity platform back in September 2019. Read More ...

#IPO

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