Millennials Venture Capital ASI S.A. has announced the launch of a crowdfunding issue worth PLN 3 million. The fund will carry out the issue on its own, at: shares.millennials.vc. The issue will start in June and is to provide the company with capital for the next three portfolio investments.
The issue is of the so-called pre-IPO; The General Meeting of Shareholders has already adopted a resolution on the Company’s application to introduce shares to the alternative trading system on the NewConnect market. The stock exchange debut is scheduled for the fourth quarter of 2021. Investors subscribing to the fund’s shares as part of the crowdfunding issue will therefore be able to trade shares smoothly in just a few months after the crowdfunding issue is closed.
The fund has decided to issue shares on its own because it has all the competences and many years of experience in this field. Bartosz Mazurek, president of Millennials Venture Capital, created one of the leading crowdfunding platforms today. He needed the knowledge of public stock issues and compliance to supervise the development of the brokerage house in 2017-2020. He gained experience in building large investor communities focused on investment projects at Szkoła Inwestowania S.A., which he founded in 2007 and attracted over 60,000 investors.
“We are convinced that the prospect of a quick stock exchange debut and the possibility of choosing between liquidity or the long-term nature of investments will convince individual investors to allocate some of their financial surpluses, and the campaign will be a full success,” said Bartosz Mazurek, president of Millennials Venture Capital ASI S.A.
The purpose of the issue is to obtain PLN 3 million, which the fund plans to allocate for the purchase of shares in three new portfolio companies. Four technology companies are currently at an advanced stage of due-diligence, and more attractive projects are applying for financing.
“We are very demanding. In line with our mission, we are looking for potential Unicorns, so the project funnel in the due-diligence assessment must always be full,” further said Mazurek.
Millennials Venture Capital is an innovative fund dedicated to 8 million Polish Millennials. He conducts investment activities under the license of Alternative Investment Company (ASI) under the supervision of the Polish Financial Supervision Authority. It currently has 4 global portfolio companies (Tespack, Robo, Bivrost, Lovely) purchased 5 years ago, and is preparing to exit the investment. The fund was created for Millennials – people born in the years 1981-1995, i.e. who are currently between 26 and 41 years of age. Millennials have the willingness and resources to invest free capital, and apart from profits, they are interested in changing the world for the better. The fund’s portfolio will ultimately include at least 10 companies from selected TOP10 industries that develop the fastest in the post-COVID era. Ultimately, the fund invests up to EUR 2 million in the purchased portfolio companies, and starts the first round of financing with PLN 1 million, increasing its share along with the acceleration of the companies and the implementation of their KPIs.
