According to Reuters, Crypto-StartUp Neufund raised about 12M USD to build an Ethereum-based equity token.
In order to create a legal framework for ICOs, Neufund builds a real-world equity token. This token grants you ownership of a company, just like classic shares do. The token works like any other ERC-20 token and can be easily traded. Basically it brings together the best of both worlds - you get the benefit of traditional company share combined with crypto tokens.
The start-up already collected money to build their platform and now opens its offering to the public. One can commit funds in their ICBM (special flavour of an ICO). The main different between an ICBM and an ICO is that you can get you committed ETH back. You basically reserve a slot to invest those ETH into companies as soon as the platform is operational or retrieve your commitment. In the case of Neufund you can withdraw 100% of your committed ETH after 18 months or immediately after the ICBM with a processing fee of 10%.
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