Investor Blog

Binarii Labs is raising funds on the Spark platform at a valuation of €6.7m and the campaign has already raised over €1m in its first 2 weeks.  
 
The company has just received confirmation that EIT, the prestigious Brussels-based European Institute of Innovation and Technology, has agreed to invest €400,000 in the company at a valuation of €20m.  
 
Binarii Labs has been selected as one of only 8 businesses across Europe chosen to be supported by EIT Digital in their much coveted EIT Digital Open Innovation Factory programme which also provides funding of €400k from the European Innovation fund. 
 
This €20m valuation at which the European Innovation Fund is investing contrasts with a valuation of €6.7m at which Spark investors can invest in this current round.  Spark investors are therefore investing at a 67% discount to the valuation at which the European Innovation Fund is investing.  
 
And, if we apply the 40% EIIS tax refund, the valuation at which Spark investors are investing today is actually €4.02m, which is an 80% discount to the valuation at which the European Innovation Fund is investing.    
 
EIT Digital invests in strategic areas to accelerate the market uptake and scaling of research-based digital technologies (deep tech) focusing on Europe's key societal challenges: Digital Tech, Digital Cities, Digital Industry, Digital Wellbeing, and Digital Finance.
 
The EIT Digital Open Innovation Factory programme focuses entirely on supporting Binarii Labs in commercialising their innovative US patented and UK patent pending Binarii DMS product that has already engaged lead clients whose involvement in implementing the most complete market ready BinariiDMS possible over the next 6 months will be supported by EIT Digital. Binarii Labs is pleased to reveal that one of their key lead clients in the legal sector is commercial corporate law specialist firm in Dublin, Sherwin O’Riordan solicitors.
 
Further information on this EIIS investment opportunity and the link to invest may be found here: https://www.sparkcrowdfunding.com/campaign.php/binariilabs