The time has come: cobago GmbH issues easily transferable digital securities - as a so-called "Security Token Offering (STO)" in cooperation with the Cologne incubator STARTPLATZ and the Frankfurt service provider Cashlink. The Dortmund-based B2B software company is thus treading a new, disruptive digital path to its own growth financing by means of venture capital.
"With the innovative STO investment form, venture capitalists acquire the right to participate in profit distributions and special revenue-relevant events such as an IPO or significant share sales," explains cobago CEO Dr. Dieter Kramps. "STO is a legal procedure under German law. It is based on a money transfer in euros directly from bank to bank against digital securities in an online wallet. The Blockchain technology is the basis," Kramps continues. "This 100% digital investment form offers easy transferability combined with a flexible ticket size and enables investments at any time and from any place in the world. We exclusively address qualified investors. This is not one of the meanwhile widespread Crowd Funding projects against profit rights for the product, but participation in the economic success of the enterprise, by professionals for professionals.
cobago plans to use the financial resources from the STO project to continue its growth course, expand its sales activities and further develop its product cobago SIX - a new intelligent assistance system for digitally supported services in industry and commerce - with a focus on the integration of new technologies such as the Internet of Things and Artificial Intelligence.