German blockchain financing platform Neufund received $2.13 million in seed round funding, with Altantic Labs and others participating

German blockchain financing platform Neufund has successfully raised $2.13 million in seed round funding, with investors including Altantic Labs, Klaas Kersting and other unidentified angel investors.

Neufund is currently developing an investment platform that will allow investors to use cryptocurrencies in exchange for equity to fund startups. Once the platform is developed, startups in the cryptocurrency space will be able to use the platform to complete ICOs.

According to Neufund's official website, the company is the first open-ended venture capital fund. The platform is built on the Ethereum blockchain and takes advantage of its smart contract capabilities. This distributed platform issues some crypto tokens that represent equity in startups that raise funds on the platform. By using these features, Neufund can accelerate the flow of capital for startups while reducing transaction costs.

Neufund co-founder and CEO Zoe Adamovicz said:

“In venture capital, both startup and investor asset positions are illiquid — transaction costs in and out of companies are very high. Neufund offers a legal and technical solution that bridges the gap between company shares and blockchain tokens. This is a fundamentally new model because the token represents not only ownership on a blockchain network, but also equity in the company off-chain.”

Currently, many blockchain platforms are raising funds through crowdsales organized by themselves, but this practice is inconvenient for many companies and investors. Investors must manually search the Internet for ICOs that suit their tastes. However, through Neufund, investors will be able to see all ongoing financing plans in one place, and it will also make it easier for investors to compare different startups and then invest cryptocurrencies in platforms that they think have a better rate of return.

The use of crypto tokens also makes it easier for investors to trade with other investors or members of the cryptocurrency community. Currently, the platform is only available for blockchain-related projects, but it may soon be opened to other types of projects. The seed round funds obtained this time are expected to accelerate the development of the platform and future market plans, helping them to enter the market faster.