Arcton secures CHF 350’000 in pre-seed round with notable investors

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15.09.2023
Co-Founders of Arcton: Merens Derungs (left) and Francesco Biviano (right)

Crowdinvesting has become popular in Switzerland with platforms focusing mainly on raising capital. Zurich-based Fintech startup Arcton is shaking up the scene with its new approach: immediately after the crowdfunding campaign has ended, the investors can trade their shares. The finalized pre-seed round with three renowned investors including Francesco Illy, former co-owner Gruppo Illy and president of the board of Amici Caffè.

Founded in 2022, Arcton is set to introduce its crowd investing platform and marketplace for tokenized shares. The new platform allows retail investors to support startup funding campaigns with investments as little as CHF 100. Unlike existing crowdfunding platforms that focus on raising capital, Arcton also enables startups and investors to trade tokenized shares on a 24/7 basis. The startup shares are tokenized on blockchain technology, in accordance with the Swiss DLT Bill. In October, Money Masters will become the first startup to offer tokenized shares on the platform, allowing investors to trade their shares in real-time through Camelot. Money Masters is an educational app that gamifies financial knowledge developed by the Geneva-based startup EFrontier.

The pre-seed round, which culminated in a total amount of CHF 350,000, will fuel Arcton’s plans as it nears the launch. Three notable investors participated in the round. One of them is Prof. Aleks Berentsen from the University of Basel, a renowned expert in Distributed Ledger Technology (DLT), Blockchain, and Crypto assets. Another investor is strategically affiliated with Camelot, a decentralized exchange, reinforcing the existing collaboration between Arcton and Camelot. Also joining the round is Francesco Illy, former co-owner Gruppo Illy and president of the board of Amici Caffè.

“With this fresh capital, we are accelerating our mission to democratize startup investing. Our goal is to make startup investments as straightforward as investing in publicly traded companies”, said Merens Derungs, CEO of Arcton.

(SR)

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