Following a successful financing round with institutional investors, private investors can permanently invest in the sustainable banking provider Tomorrow from November 14, 2024. With around 10,000 investors and more than €14 million from three crowdinvesting campaigns, Tomorrow is already the company with the highest number of private micro investors in Germany. Through the ongoing crowdinvesting, Hamburg-based Tomorrow wants to give its customers a permanent option to participate in the company. Crowdinvesting for strengthening the community-centered company
By continuing crowdinvesting, Tomorrow wants to continue the path of participation and shape the direction of the company together with its community. This follows the philosophy that a collaboration between responsible companies and critical consumers can sustainably change the existing economic system.
“Our community is an essential part of Tomorrow, our DNA as a sustainable company,” emphasizes Michael Schweikart, Co-Founder and Co-CEO of Tomorrow. “I am therefore delighted that we are giving this commitment a permanent place in the company through the ongoing crowdinvesting.”
Participation of the largest crowd in Germany With almost 10,000 investors and more than € 14 million from three crowdinvesting campaigns, Tomorrow is the company with the highest number of private micro investors in Germany.
Additionally, it is the only startup in Germany with voting representation of its crowdinvestors on the Advisory Board, the company’s most important supervisory body. Anne Geiger, who was elected by existing crowdinvestors as their representative in mid-2023, sees the ongoing crowdinvesting as a consistent step towards achieving increased inclusivity.
“Speaking from the crowd’s perspective, I very much welcome the fact that Tomorrow is taking this step of permanently opening up participation opportunities based on a position of financial strength.”
The ongoing crowdinvesting will be rolled out in phases. Existing crowdinvestors will be given access gradually at first, with opening up to all interested investors planned in the near future.
Financing round with new and existing investors In October, Tomorrow announced the conclusion of a financing round in which the Hamburg-based fintech received almost 5 million euros from existing and new investors. These include Abacon Capital, ETF Partners, kopa ventures and IFB Innovationsstarter GmbH. Existing investors such as Abacon Capital, Porsche Ventures, Rolf Schroemgens, Aenu, Haltra and some of the Signavio founders also participated in the financing round by converting existing convertible loans in the double-digit million-euro range. Tomorrow has been profitable at EBITDA and net income level from June to September 2024.
Background information on the crowdinvesting round Investors can become shareholders in Tomorrow with amounts between EUR 100 and EUR 25,000, without needing to have an account with Tomorrow. In return, they receive virtual securities in the form of Tomorrow tokens. The round of investment is implemented by the Wiwin platform via blockchain and will be opened on November 14, 2024.
Acquiring this security constitutes a participation in a company and therefore involves a risk. It can even lead to the complete loss of the invested amount. This crowdinvesting is not limited by a specific date or target amount. It is intended to contribute to the development of new banking features and the strengthening of a healthy business model. Available from November 14, 2024, further information can be found at this link, and the investment brochure can be viewed here.
Read the orginal article: https://ffnews.com/newsarticle/funding/tomorrow-opens-up-permanently-to-crowdinvestors/
