Fairmint, a decentralized finance (DeFi) startup, has launched a platform that lets users invest in startups based on their revenue performance.
The San Francisco-based firm has been developing the platform for over a year and raised a $1.2 million pre-seed round from Boost VC, IDEO CoLab Ventures, TinyVC and others last May.
The platform was designed based on a new fundraising model for startups, named Continuous Securities Offering (CSO), that expands the potential investor pool from founders, VCs, and employees to anyone to give these investors exposure to companies’ future revenues.
