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Official Investor Communication - Closing of SBC Bold Action Tranche I
I hope all is well with you.
First and foremost, as you might recall, the targeted closing date of SBC Bold Action Tranche I was set for May 1st, 2022. It is with pride, pleasure, and gratitude to you and all the other investors that I’d like to share that we successfully closed the tranche according to the timeline.
Secondly, I’d like to thank you again on behalf of the whole Startupbootcamp team for your trust, your participation, and your partnership. I’m looking forward to working together with you over the coming years!
Last but not least, I’d like to share some practical information with you:
1) Yesterday afternoon, the notarial deed and administrative work around the closing were finalized. The depositary receipts that represent your stake in SBC Bold Action have been issued and are now registered in your name. As of January 1st, 2023 - after closing the 3rd tranche - these receipts will be tradeable on the Nx’change platform.
2) We will be starting the scouting process for the 1st cohort next Monday, this means that later this year the first 10 startups will already be added to the SBC Bold Action portfolio. You'll receive more updates about this in the coming weeks.
3) Aside from starting with the scouting- & selection process, we're also starting the funding process for the 2nd tranche of SBC Bold Action. We’ll keep you posted on the progress and status of this cycle as we go. Naturally, if you know someone that you think would be a good addition to our investment group don’t hesitate to connect them to us. We’d be happy to explore and see if there’s a fit.
If you have any questions in the meantime always feel free to reach out to me (email@example.com).
Never forget - Innovation will save the world, we’ll demonstrate that with our collective Bold Action.
Thanks again for your trust, talk soon & have a great weekend.