Berlin-based investing and fundraising platform Neufund has closed the world’s first IPO using blockchain technology.

A total of 1,017 investors from 34 countries contributed to the capital raise, with e-mobility manufacturer Greyp raking in €1.4m.

Greyp is backed by both Porsche and T-Mobile and is the sister company of supercar firm Rimac Automobili.

Neufund’s offering allowed the retail market to invest with a minimum contribution of €100. It was the first ever fully-compliant Initial Public Offering (IPO) based on the blockchain.

“It’s an exciting day for Neufund and a 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,” said Neufund CEO and co-founder Zoe Adamovicz.

“Neufund is the future of stock exchanges, with a global investor base of 11,000 from 111 countries and counting.”

According to a press release, Neufund will distribute earnings from the first offer (3% of capital raised, 2% of equity issued) to all NEU token holders. Last year, the company disbursed proceeds worth more than €111,000.

Neufund today announced that the next issuer will be Germany-based Black One Entertainment, with start-ups from India and Belgium also in the pipeline.

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