Mate Rimac’s Company Collects Almost 1 Million Euros in 48 Hours

Lauren Simmonds

As Poslovni Dnevnik writes on the 26th of September, 2019, Croatian entrepreneur Mate Rimac’s company, Greyp Bikes, has managed to raise nearly one million euros (7.4 million kuna) from interested investors through a public offering of a digital token they launched on Monday, which we reported on recently.

Naturally, the popular company was expecting good results, according to Philip Nendl, project manager at Greyp Bikes, but they didn’t by any stretch of the imagination expect that in the first 48 hours of launching the campaign, which is still a novelty in Croatia and around the world, they’d already ”have” 2000 investors, half of which are from here in Croatia.

The greatest level of interest lies in the fact that the new investment model, so-called crowdinvesting, anyone can become a shareholder in Mate Rimac’s electric bike company, of which Porsche owns an 11 percent stake, for a minimum investment of 100 euros.

The investment is managed through the German Neufund token issuing platform, which uses this new model (Equity Token Offering – ETO), that is, shares in a particular company through blockchain technology.

Since the Berlin-based platform has recently been licensed by regulatory agencies in Liechtenstein and Germany, making it the first legally regulated blockchain platform to make investments for the “ordinary people”, Mate Rimac’s company is the first company in the Republic of Croatia and indeed worldwide to launch a campaign through them with public token offerings.

Platform investors, as Nendl explains, don’t have to be accredited or have a broker to invest, they just have to leave their information. Once identified, the investor is credited with the purchase of a token, after which they are entitled to participate in a fourteen-day private sale in which all pre-registered investors receive a 10 percent discount.

For a minimum stake of 100 euros, the investor will receive about 16 tokens because the value of one token is 0.16187 euros, and one million tokens represents one share, according to a report from Jutarnji list.

Make sure to follow our dedicated business and Made in Croatia pages for more information on Mate Rimac and much more.


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