Bambucorn is sector agnostic. However, we do have a preference for scalable technology-based businesses which are in their early stage of operations.

Investors may be subject to different limits based on their accreditation (Professional or Retail). While Professional Investors do not have any regulatory limits imposed on them, Retail Investors can invest up to USD 50K (in aggregate) in a calendar year through Bambucorn.

This amount will differ depending on the offer you plan to invest in. Please refer to the specifics of the given offer.

At the time of making an investment, investors aren’t charged any fees, however investors may be charged pursuant to any other agreements they may have entered into through the platform. If the offering does not close successfully, investors will be refunded the money net of transaction charges.

You’re free to cancel an investment up to 48 hours after the offering has closed. An investor may withdraw his/her investment without any penalty and without giving a reason.

The legal structure of investments listed in the platform shall be described in detail in the specific investment profile.

Issuers of all successful offerings listed on the platform will be obligated to provide the platform a copy of its financials on an annual basis and summary financials on a quarterly basis. Investors (shareholders) shall receive these documents via e-mail.

Investors who have subscribed to the offering can withdraw their commitment without any penalty and without giving any reason until the end of the cooling-off period. The cooling-off period is a period of 48 hours starting at the end of the commitment period.

An investor can withdraw his commitment by notifying the platform at snavani@bambucorn.com

Investors shall be required to specify the following details:

• The offering they would like to withdraw their commitment from
• The amount they intend to withdraw
• The Platform may require the investor to confirm a few details before affecting the withdrawal of the said investor’s commitment.

As of the 31st of December 2021, the platform is not aware of any Issuer that has:

• Defaulted on payments;
• Become insolvent;
• Wound up; and 
• Ceased to carry on business

A determination of the status of the offering shall be made at the end of the cooling-off period. In the event an offering does not raise its minimum target level of funding, all monies deposited in the Client Money Account, with respect to the particular offering shall be refunded to the Investors.

Currently, Bambucorn lists start-ups that are looking for pre-seed or seed funding. To be listed on Bambucorn, start-ups must have at least developed a Minimum Viable Product (“MVP”) or prototype.

Founders are encouraged to send their application by clicking on the Email us button on the Issuer page. If we believe that your start-up is what investors are looking for, a member of our team will contact you.

Issuers listed on our platform will be allowed to raise up to USD 5 million in a calendar year.

As part of the e-mail 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 for the proposed offering.

You will pay only if your offering closes successfully. Fees that will be applied if your offering is successful are:

• $0 retainer
• Cash fee on funds raised through the platform. This fee will vary from issuer to issuer and will be discussed on a case by case basis
• Any additional legal fees (if incurred)

Oversubscriptions for offerings on the platform shall be allowed on a case by case basis. The exact method of allocation (if an offering can be oversubscribed to ) shall be decided mutually between the Platform and the Issuer and shall be disclosed to prospective investors.

The length of time an offering will be open for will be issuer specific. However, we expect that offerings on the platform will be open for up to a period of 90 days.

After the offering is over, a decision is made on the status of the offering (success/ fail). If the offering is deemed a success, Bambucorn shall provide a capitalization table illustrating the number of shares and the percentage of ownership held by each investor. This table shall be based on the shares allocated to investors on the platform. You are expected to affect the necessary changes in your register of shareholders and upon doing so must provide a copy of the same to the platform. The platform, upon verifying the information provided shall release the subscription amount (net of fees and transaction charges) to your bank account.

Bambucorn believes in the process of democratizing access to venture capital investments. Hence, the platform is open to all kinds of investors. However, in order to invest, investors must be able to self-certify themselves as Professional or Retail Investors and successfully comply with the Know Your Customer (KYC) and Anti-Money Laundering (AML) processes of Bambucorn.

For the criteria to be classified as a Professional Client please click here.

A Retail Client (defined as Retail Client in the Conduct of Business (COB) Module in the DFSA Rulebook) is an individual or entity that does not meet the definition of a Professional Client.

Note: An individual or an entity meeting the definition of a Professional Client has the right to be classified as a Retail Client. 

Investors may change their accreditation status via the My Profile section of the website within the account setup gate.

Bambucorn is able to onboard citizens and/or residents from a majority of countries across the globe.

Documents accepted as proof of business address are as follows:

Utility company bills not older than three months. Accepted documents are:

• Electricity bill
• Water bill
• Landline telephone bill (but not a bill for mobile phone services)

• Full name of the account holder/client
• Address of the account holder/client
• Account number
• Issue date

• Statement to have been issued in the past twelve months
• Full name, address and account number of the account holder/client must be clearly visible.

Bambucorn Ltd. has created its own AML program to ensure the Platform is not used for illicit activities including money laundering activities. Some of the highlights of the AML program include but are not limited to:

• Assigning appropriate risk scores to all potential Clients and undertaking appropriate Customer Due Diligence (CDD)
• Monitoring transactions on a frequent basis
• Appointing a Compliance Officer/MLRO to oversee the compliance function

As part of our due diligence process, we will require the following documents:

• Certificate of Incorporation
• Articles of Association (“AOA”) (optional)
• Pitch-deck
• Business plan/ Financial projections (optional)
• Passport copy of founder(s)

Bambucorn can list start-ups on its platform from all over the globe.

An issuer can be expected to sign the following documents:

• Board Resolution
• ISA
• Platform Issuer Agreement
• To issue uncertificated shares 
• To establish the rules of transfer of the shares
• To conduct an equity offering though Bambucorn’s platform

• Financial Model (Business Plan)
• Pitch-Deck 

Bambucorn Ltd. has created its own AML program to ensure the Platform is not used for illicit activities including money laundering activities. Some of the highlights of the AML program include but are not limited to:

• Assigning appropriate risk scores to all potential Clients and undertaking appropriate Customer Due Diligence (CDD)
• Monitoring transactions on a frequent basis
• Appointing a Compliance Officer/MLRO to oversee the compliance function

As a platform regulated by the Dubai Financial Services Authority (DFSA), we review every prospect before listing it on the platform. This due diligence is generally carried out in-house by a team of analysts and reviewed by our internal committee (“Investment Committee”) but may be outsourced under exceptional circumstances. We conduct a comprehensive review before deciding to list the prospect on our platform. Some of the key parameters addressed by the review are:

• Organization of the company including certificate of incorporation, any regulatory licenses etc.
• Corporate structure and ownership
• Founder and management team
• Due Diligence, which inter alia includes a detailed review of:  

1.  Problem being addressed
2.  If the solution is addressing the current problem
3.  Product/ Service overview
4.  Serviceable market size
5.  Competition dynamics
6.  Team
7.  Intellectual property rights
8.  Historical financials
9.  Financial projections
10.  Investor terms

• Businesses may fail and subsequently investors can lose their investment or may experience delays in being paid.
• Investors may not be able to sell their investment when they want to, or at all (even if a secondary trading facility exists).
• Investors’ current stake in the business may be diluted in future rounds of fundraising.
• The use of borrowed money on the platform carries greater risk. For example, even if the investment declines in value, the investor will still need to meet their repayment obligations.

Tokenization (on the platform) is the process of digitally representing all securities offered in the form of tokens. The advantages of tokenization include:

• It enhances the liquidity of the investment by providing investors the opportunity to exit through a secondary market. Investors, however, need to be aware that ultimately their ability to exit will be driven by the supply-demand dynamics of the specific tokens (shares) they hold.
• It provides a Price-Discovery mechanism.

Currently, the platform does not provide a facility for transfer of shares.

The price of the tokens will be a function of market forces (i.e. supply and demand). The exchange on which the tokens will eventually be listed may appoint a market-maker for the securities (for liquidity).

Note: Bambucorn is to determine the STE on which tokens issued on the platform will be listed.

We are not tax advisors. We would encourage you to talk to a tax advisor before making an investment.

All rights associated with the ownership of the underlying shares will be retained by the shareholder. So, if your ISA grants you voting power, you will have it.

The modus operandi with respect to trading of tokens on an exchange shall be determined in the coming months. Registered investors shall be informed of the developments with respect to the Exchange.

Prior to winding down operations, Bambucorn shall verify that the issuer’s register of shareholders is consistent with the capitalization table generated by the system on the platform. Bambucorn shall communicate the fact of its winding down operations to both the issuer and investors. As Shareholders of the issuer, investors shall have the rights as documented in the respective Investment Subscription Agreements.

• Bambucorn uses a data-driven approach to curate startups and list their offerings on our platform. Once offerings on the Platform are listed, Members can make use of numerous experts assembled by Bambucorn to conduct their due diligence in the most effective manner possible.
• Members who have completed all checks (including KYC) are able to invest in these offerings listed, by signing the respective Investment Subscription Agreement (ISA). Once the Member signs the ISA, he/she is required to transfer the committed amount to the Client Money Account (details about the Client Money Account will be made available after the signing of the ISA).
• Upon the offering closing successfully, investors shall become shareholders of the issuer company. 

A determination of the status of the offering shall be made at the end of the cooling-off period. In the event an offering does not raise its minimum target level of funding, all monies deposited in the Client Money Account, with respect to the particular offering shall be refunded to the Investors.

Bambucorn Ltd shall not assume any liability on behalf of the Issuer. In the event the Issuer defaults, or has outstanding payments to make, please contact the Issuer directly. Please refer to the corresponding Investment Subscription Agreement (ISA) signed with the Issuer in question.

Please refer to the relevant sections of the Privacy and Security Policy.

All material changes in an Issuer’s circumstance shall be listed in the section titled “Material Changes to Issuers” under "Learn" section.

All Client Money deposited with the Platform shall be held in a Client Money Account with a Regulated Financial Institution and shall be subject to the Client Money Provisions of the DFSA Rulebook.

A token shall represent a Share (as defined in the DFSA Rulebook) of the issuer company and the name of the tokenholder shall be entered into the Issuer’s register of shareholders. As the token represents a Share the rights and obligations granted to the tokenholder shall depend on the law (such as companies law) of the jurisdiction the Issuer is incorporated in.

Bambucorn, an equity crowdfunding platform regulated by the DFSA enables start-ups and SME's raise equity financing by issuing shares.

As a start-up, we understand that fundraising is a tedious process for start-ups. By presenting your offering on Bambucorn, investors will be able to review your offering at their own convenience, while you are able to focus all your efforts on managing your start-up.

• Common Stock or Common Equity- Securities that represent equity interest in the company. Holders of these securities will receive no preferential rights with respect to liquidation proceeds and/or voting rights
• Preferred Equity- Class of stock or securities that gives holders a higher priority to any distributions made by a company and/or voting rights

Bambucorn will provide you with a capitalization table (“Cap Table”) based on subscriptions of investors. You will need to register the ownership of investors based on the cap table provided by Bambucorn. The decision to register the changes in ownership of the shares with the local authorities depends on the rules of the jurisdiction in which you are incorporated.

Please refer to the relevant sections of the Privacy and Security Policy.

Bambucorn, an equity crowdfunding platform regulated by the DFSA enables start-ups and SME's raise equity financing by issuing shares.

Absolutely, they can! However, we want to provide investors on our platform with an unabiased view from an individual who has no skin in the game (i.e. no conflict of interest).

Research has indicated that investments, where more than twenty (20) hours are spent on due diligence have a higher chance of succeeding. Based on this, we expect experts to spend at least twenty hours per deal on due diligence (including answering investors’ questions). An expert may be providing assistance to two or more campaigns simultaneously.

An expert will be paid a fixed fee regardless of the result of the offering. In this way, it will be ensured that experts’ opinion is independent and is not influenced in any way by the result of the offering.

Since Bambucorn is not licensed to provide investment advice, any opinions expressed by the expert will not be construed as investment advice by potential investors. Please note that experts on the platform have been dissuaded from expressing any personal opinions, however they are free to express factual statements (i.e. statements that can be attributed to a source).

Since Bambucorn is a sector agnostic crowdfunding platform, we are looking for experts in all fields. 

You can apply to Bambucorn to become an expert by sending us an email.

Please refer to the relevant sections of the Privacy and Security Policy.

Many a times, investors are unable to fully comprehend the product/service offering of issuers. By tapping into the knowledge and experience of Experts, investors are able to make their own investment decisions better.