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

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layout: page_markdown
title: funding
heading: Funding
community_snippet_intro: 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:
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47.799€ Netidee funding
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221.000€ Founder Investments (in Value)
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### Netidee funding <span class="small">2017</span>
This funding by [Netidee](https://www.netidee.at/) kickstarted the implementation of Safing (we've been working on first prototypes and the concept for some years).
### Founder Investments <span class="small">2018-2019</span>
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](https://www.fundofexcellence.com/erste-vision-capital/en/)
- Austrian founder program
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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
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