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Profit Participation Rights: What They Are and How to Invest in Startups With Them
How a profit participation right works, the two types that exist, and how you share in a startup's exit.
Read morebeel is the tool for everything around your startup cap table — for GmbHs and UGs in Germany and Austria, whether fundraising, cap-table cleanup or employee participation. And at the same time the platform where investors create Syndicates, join them and invest together.

Mission and values
Our goal: make private startup financing and participation simpler, on a legally reviewed basis — for founders and investors alike. Three values shape how we build it.
Trust
We act transparently and keep our word. Integrity and clarity sit at the centre of every decision.
Quality over quantity
We focus on a few well-considered features and build them to the highest standard — quality before fast scaling.
Partnership
Our success is directly tied to our users'. We think in long-term relationships and shared goals.
What we do
For founders
Convertibles, an angel round or a cap-table cleanup — handle any form of financing digitally, without a notary appointment and without giving up voting rights. Through Profit Participation Rights on legally reviewed templates.
For foundersCo-investing
Investors can build their own investment community, share their dealflow for carry or co-invest with other angels — with no capital pooling and no fund structure.
For investors
The team
beel is led by an experienced team, founded by Christoph Jentzsch. As an early core Ethereum developer and now a serial entrepreneur and business angel, he brings not only the technical expertise but above all the experience to make investing clear and simple again. The team brings the legal and technical experience to run the leading platform for angel investing.




Benjamin Jentzsch
Head of Finance








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How a profit participation right works, the two types that exist, and how you share in a startup's exit.
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Founder, angel or partner — we'd love to hear from you.