FinLab AG: CAPTRACE, a leading equity management platform, obtains a seven-digit Euro investment from FinLab EOS VC FUND, a venture capital fund managed by FinLab AG
CAPTRACE receives a seven-digit Euro investment from FinLab EOS VC Fund. The company provides solutions for all matters in the areas of equity management and investor disclosure. Funds from the investment will be used for further developing the company's software and to scale its business with the utilization of blockchain technology. Wiesbaden/Frankfurt, Germany, January 21th, 2020 - CAPTRACE GmbH, a leading equity management platform, has raised a seven-digit Euro financing from FinLab EOS VC Fund, a venture capital fund backed by both Block.one, the publisher of the blockchain protocol EOSIO, and FinLab AG, one of the first and largest investors focused on the Financial Services Technologies ("FinTech") and blockchain sector in Europe. The FinLab EOS VC Fund invests across sectors and focuses on projects delivering value through the application of the EOSIO blockchain technology. CAPTRACE is the first registrar in Europe to offer the custody of company shares secured by third-generation distributed ledger technology (DLT). Alongside its custody solution, the company offers a broad range of features in the form of a one-stop solution for all matters in the area of equity management. These features will ultimately include the management of employee participation programs, capitalization tables and fundraising rounds. Moreover, the company expects strong demand for its services related to the forthcoming disclosure regulations in Germany and Europe (Shareholder Rights Directive - SRD II). "We are pleased to have gained a strong investor with the FinLab EOS VC Fund, who will support us in scaling our business with their know-how and network," says Götz Dickert, Co-Founder and CEO of CAPTRACE GmbH. The funds will be used for further development activities in order to expand the set of solutions that are used by stock market listed companies as well as ventures and other non-listed companies. CAPTRACE utilizes the EOSIO blockchain to facilitate secure and efficient services on top of the company's already strong core offering for listed and non-listed companies. "We are glad to welcome CAPTRACE to our portfolio. CAPTRACE's existing solution is a solid base for the implementation of additional equity management services and to scale the business with the application of blockchain technology," says Juan Rodriguez, Managing Director of FinLab EOS VC Fund. Press contact: Press contact: End of Media Release Issuer: FinLab AG Key word(s): Finance
21.01.2020 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | FinLab AG |
Grüneburgweg 18 | |
60322 Frankfurt/Main | |
Germany | |
Phone: | +49 (0)69 719 12 80 - 0 |
Fax: | +49 (0)69 719 12 80 - 011 |
E-mail: | [email protected] |
Internet: | www.finlab.de |
ISIN: | DE0001218063 |
WKN: | 121806 |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange |
EQS News ID: | 957517 |
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957517 21.01.2020