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How to get your first investor for your startup: Learn from this austrian crypto startup

The Austrian crypto startup blockpit has brought its first investor on board with the European Super Angels Club (ESAC), ESAC announced in a press release on 11 December.

The investors involved

ESAC is a European investor network in which, in addition to other partners, also the management consultants KPMG, PHH Rechtsanwälte and Liechtensteinische Landesbank AG are involved.

According to trending topics, the investment brought in by ESAC in Blockpit should amount to 1.75 percent of Blockpit’s shares, but there is nothing to be learned about the investment. It should be in this first round of financing at Blockpit by a five-digit or smaller six-figure amount.

How comes “it is not about the money”?

As Blockpit CEO Florian Wimmer said, the focus of the investment is on a strategic partnership. “It’s not about the money” said Wimmer.

Blockpit intends to invest in a so-called Security Token Offering (STO), which is currently still in the planning stage. If the Financial Market Authority (FMA) gives the green light, Blockpit 2019 could bring a liquid participation certificate to a stock exchange, which is shown on the blockchain. Behind the security token is the idea of a digital security, which guarantees a revenue share.

Win-win for the Austrians

The Austrians are also already at the start of a ready-to-use product. Blockpit has developed a crypto currency financial management platform that interfaces directly with leading crypto trading venues such as Binance, Bitfinex or Coinbase. For this idea, Blockpit was awarded “Blockchain Startup of the Year” in October at the Central European Startup Awards (CESA).

Also published on Medium.

Published inStartups

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