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safing-web/funding/index.md
2018-06-11 12:52:23 +02:00

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layout title heading community_snippet_intro
page_markdown funding Funding Want to know the details?

We believe that transparency is an incomparably important aspect of running a privacy centered company. That is why we openly share where our funding comes from:

47.799€ Netidee funding
221.000€ Founder Investments (in Value)

Netidee funding 2017

This funding by Netidee kickstarted the implementation of Safing (we've been working on first prototypes and the concept for some years).

Founder Investments 2018-2019

As this investment is primarily done as work effort, the value shown is an estimation of what we would have earned working our normal job.

Early in 2018 all 3 Founders committed to invest two full years into the Project, while fully financing themselves through:

  • personal savings and family support
  • 20.000€ from Fund of Excellence
  • Austrian founder program

{% comment %} Calculation: Netidee: 47799€ Personal Investments: - Equity: 5000€ - 2 Years per Founder: 3000€ * 24 * 3 = 216000 financed by: - personal savings - Fund of Excellence (20.000€) - Austrian founder program {% endcomment %}