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Yes, you would be issuing shares against the funds that you raise on the platform. The valuation of your company will be decided mutually between yourself and the platform prior to listing your campaign on the platform.
Currently startups are permitted to raise up to USD 660K in a calendar year. Companies engaged in real estate projects are permitted to raise up USD 1.32 mn in a calendar year.
As part of the application process you are asked to include desired terms of your offering. Our internal team will review your application and provide their inputs (by accepting or proposing different terms of the issue).
Whilst the exact fee that you shall be charged shall vary based on circumstances, Bambucorn shall charge a success fee if your offering closes successfully. The success fee may be a combination of a cash and an equity fee and shall be a percentage of funds raised through the platform. You will also be asked to bear any legal fees that we may incur.
This length of time the offering will be open will be different for each offering. However, we expect that offerings will be open for investment a period between 10 and 90 calendar days.
Yes, your cap table would have to include the names of all investors who have invested through Bambucorn. Alternatively, if you are reticent to include the names of all shareholders on your cap table, you can use an SPV structure, whereby the funds shall be raised at the SPV level (i.e., the names of all investors shall appear on the SPV’s cap table) and the name of the SPV shall be included on your cap table.
As part of our due diligence process, we will require the following documents for businesses looking to raise funds:
At Bambucorn, we are all about ensuring transparency. Following the completion of your offering, you will be required to prepare periodic progress reports which we will disseminate to the investors of your offering on our platform.
Furthermore, by virtue of your investors being shareholders of your company, you will be legally obliged to provide them with notices of matters that require their approval as per your company’s organizational documents. We will facilitate some of this on our platform itself.
As one of the leading regulated equity crowdfunding platform by the Central Bank of Bahrain (“CBB”), Bambucorn will allow you to raise funds from the public at large. This will not only help you create a more engaged customer base, but also create more awareness for your company and your products.
Issuers on the platform can either be startups or real estate properties located in any jurisdiction. In startups we generally prefer scalable revenue-generating startups within the technology space. You can apply by logging onto our portal as Issuer and a member of our team shall get in touch with you once you submit the initial questionnaire.
Founders are encouraged to apply via our application portal. If we believe your startup is what investors are looking for a member of our team will contact you.
As a founder, we understand that fundraising is a tedious process for startups. By presenting your offering on Bambucorn, investors will be able to invest in your offering at their own convenience, while you are the able to focus all your efforts on managing your company.
Once the offering closes, a decision on the status of the offering (success/ fail) is made based on the aggregate amount of funds committed to the offering. If the offering closes successfully all money net of fees will be transferred to your bank account. For equity crowdfunding offerings, you will be required to issue shares either to the subscribers of your offering or to the special purpose vehicle (SPV) of which the subscribers shall be shareholders. For real estate crowdfunding offerings, you will be required to effect the transfer of the title deed to the entity (based on the terms of the offering) in whose name the property shall be registered Bambucorn will provide a capitalization table management solution for you to monitor the identity of the shareholders of your company. This cap table will be updated in real-time.