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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:
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.
As part of our due diligence process, we will require the following documents:
Bambucorn can list start-ups on its platform from all over the globe.
An issuer can be expected to sign the following documents:
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:
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.
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.
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.