NEW YORK–(BUSINESS WIRE)–Fairmint, the enterprise technology company enabling community ownership for fast-growing startups, today announced the launch of its cutting-edge, still-live equity tokenization platform. Fairmint allows founders to launch its decentralized portal directly on their websites, allowing contributors to receive token shares in exchange for the time or money they invest. Using its own technology on its own website, the company has raised $7.2 million to date from more than 300 supporters, including early adopters, partners, customers, angel investors and VCs such as Tim Draper, Boost VC, A Capital and Fabric Ventures.
“Traditionally, start-ups have relied on established venture capitalists for fundraising, but this model excludes the community of early supporters and believers who have a huge impact on a company’s success,” said Joris Delanoue, co-founder and co-CEO of Fairmint. “At Fairmint, we are creating a future where everyone can participate in the financial upside of growing their favorite startups. »
“When the next Uber or Airbnb goes public, the drivers, hosts and early adopters who have played an outsized role in the success of these businesses can be compensated alongside traditional VCs,” added Co-founder and co-CEO of Fairmint, Thibauld Favre.
Fairmint’s technology leverages blockchain and smart contracts to make equity programmable. The solution serves as the Web3 layer of the modern starter stack, enabling participation in the ownership economy. Similar to the role of a computer programming language in Web2.0, blockchain and smart contracts are used under the hood to power Fairmint’s complete solution, but the user-friendly interface makes this advanced technology easy for the consumer to use. final.
Fairmint is part of the growing DeFi – or decentralized finance – movement that aims to use blockchain to perform key financial functions without relying on expensive intermediaries like brokerages, exchanges or banks. Technologists believe DeFi has the potential to democratize access to important financial instruments and infrastructure.
“Silicon Valley has long been a place where visionary entrepreneurs build innovative companies that ultimately change the world,” said Tim Draper, Fairmint investor and legendary venture capitalist. “But too often these entrepreneurs lacked the tools to share the financial benefits with the communities that helped them change the world. Fairmint is fixing that by giving founders the tools to grant capital to their community in exchange for their time or money.”
With plans starting at $199/month, Fairmint brings a low-cost subscription model to an industry that has traditionally relied on short-term agreements and expensive fees based on percentages of funds raised. Through Fairmint’s closed beta program, $17.5 million of time and money has been invested in growing startups. With a full set of Web3 legal templates, including the innovative Rolling SAFE, the company expects to onboard hundreds of companies over the next few quarters.
For more information about Fairmint, please visit www.fairmint.com.
Fairmint facilitates community ownership. The companies are launching Fairmint’s decentralized portal on their website, allowing contributors to receive token shares in exchange for the time or money they invest. Designed by founders for founders, our technology leverages blockchain and smart contracts to make equity programmable. Fairmint is the web3 layer of the modern starter stack, enabling participation in the ownership economy.