Invesdor, a European debt and equity investment platform, has listed its first tokenized securities offering dining business Beets & Roots.
According to a note from the company, investors may now purchase token-based participation rights. Jens Siebert, COO and co-founder of Invesdor, explained that token-based participation rights represent a further development for both issuers and investors. While the company gains access to growth capital in a run-up to an IPO or company sale, participation rights provide investors with an economic interest in the firm.
Beets & Roots GmbH is a fast-growing fast-casual concept that is based on the range of healthy, freshly prepared bowls, salads, wraps and soups and has eight branches in Berlin, Hamburg, Frankfurt, and Düsseldorf. Max Kochen, CEO and founder of Beets & Roots, said that after their first successful funding round on Invesdor in 2019, he was pleased to offer investors another opportunity to participate directly in his company’s growth:
“With this financing round, we are creating the basis for further expansion. In particular, we are planning the opening of further branches in Germany and Austria as well as the expansion of our catering and our own delivery business.”
Investors may subscribe to participation rights on Invesdor.de beginning today (September 14th) Beets & Roots will issue a maximum of 16,000 participation rights with a total volume of €2.56 million. Investor participation is expected to take form in pro-rata in dividend distributions, the sale of a company, or an initial public offering. In addition, the participation rights offer a base interest rate of 5% per annum over the five-year term.
Invesdor notes that it was not until June 2021 that the new Germany law on electronic securities (eWpG) created the civil and regulatory framework for blockchain-based securities placements in Germany. The securities offering on blockchain is formulated in cooperation with Bloxxon AG from Berlin, a technology provider specializing in decentralized financial market solutions.
Invesdor Group is one of the largest pan-European investment and financing platforms and is currently active in Scandinavia, Finland, Germany, Austria, and Switzerland.
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