Fundraising without bureaucracy, notary appointments or burn-out

beel is modern fundraising for startups. Raise capital from investors continuously — for German and Austrian startups, without complexity, without notary appointments and without bureaucracy. The software does the rest so you can focus on what matters: winning over investors.

Book a call Download the fundraising guide

Winged victory statue between two columns

One platform

The platform for digital company financing

beel is more than a fundraising platform: fundraising, a built-in secondary market, the Invest-Now button and employee participation in one solution. From seed stage to the growth round, founders and investors get every tool they need to invest and raise without a notary or bureaucracy.

Fundraising

Raise capital from investors — continuously, digitally, without a notary appointment.

To fundraising

Team

Employee participation

Tax-optimised with cliff and vesting — for your team or external advisors.

Secondary market

Virtual shares are transferable once your startup enables the secondary market — no guaranteed secondary market.

To the secondary market

Investors

Syndicates

The product for investors: simple co-investing and monetising your dealflow.

To Syndicates

Agentic Fundraising

Find the right investors faster — with the MCP connector and Dealroom access.

To Agentic Fundraising

Website

Invest-Now button

Embed the button on your website and collect investor interest.

Fundraising

Fundraising without a notary — digital and legally reviewed

Virtual shares enable continuous fundraising for German and Austrian startups — whether a first pre-seed round, extending your seed financing or a bridge round. Once you agree terms with an investor, you create a Private Offer in minutes. That generates a link the investor also completes digitally in minutes. The money lands directly in your account — so you can raise over a longer period and at different valuations.

What you get

Raise capital without notary appointments
Commercial register stays untouched
Legally reviewed contract templates included
For GmbHs and UGs in Germany and Austria
Investor onboarding in minutes

What that means for you

Developed together with leading law firms
No notary appointments
No change to your shareholder structure
Full control over your company
Raise capital quickly and easily

Ideal for financing rounds with business angels and friends & family, and for silent partnerships.

Book a call

Virtual shares

How virtual shares work

beel works with virtual shares in the form of equity participation rights, developed together with leading law firms. Investors receive the same economic rights and payouts as with real shares — only without voting rights and without bureaucracy. If a business angel does insist on voting rights, that can be handled via a put option in the contracts.

Economically equal

Investors share in dividends, liquidation and exit proceeds exactly like shareholders.

No voting rights or notary

They sit in your cap table, but not in the commercial register — no notary appointment.

Digitally transferable

Virtual shares are digitally manageable and, once you enable it, transferable.

Commercial register

Shareholders

Founder 1€12,500

Founder 2€12,500

Total€25,000

Virtual shares · €5,000 (16.7%) Founders in the commercial register · €25,000

→

Investors · virtual shares

Equity profit-participation rights · economically like shareholders

no say in governance

Business Angel€1,000

VC€4,000

Claim to

Dividends · exit proceeds · liquidation proceeds

Contractually secured and managed on the beel platform.

Total€5,000

Issuing them takes a single, unanimous shareholder agreement — after that you onboard investors digitally at any time, with no notary appointment. Everyone involved sits in your cap table, not in the commercial register.

As equity participation rights, virtual shares strengthen your equity base instead of sitting on the balance sheet as a liability the way a convertible loan does. That helps you avoid balance-sheet overindebtedness and keeps you eligible for funding programmes such as the INVEST grant or the research allowance.

Book a call

Comparison

How virtual shares compare with other forms of participation

When you want to raise capital, you have several options. Here's how virtual shares compare directly with silent partnerships, company shares and convertible loans.

Feature	Virtual shares (beel)	Silent partnership	Company shares	Convertible loan
Notary appointment	No	No	Yes	Yes — when converting into company shares
Legal fees	No — templates incl.	Yes	Yes	Yes
Change in commercial register	No	No	Yes	At the time of conversion
Voting rights	None	None	Yes	Only after conversion
Balance-sheet treatment	Equity-like	Depends on structure	Equity	Debt until conversion — even with subordination
Repayment	No fixed repayment	No fixed repayment	None	Yes (if not converted)

The printed beel fundraising guide “The Round.” on a table

Your unfair advantage

From pitch deck to money in the account: the fundraising playbook for founders

20+ pages of fundraising knowledge from practice. “The Round.” is the guide for founders who want to close their financing round properly.

Are you a VC case — or not?
GmbH or UG: what investors expect
The ideal pitch deck
Valuation and how to structure a round
The seven most common fundraising mistakes — and how to avoid them

Download now

Liquidity

The secondary market

Classic GmbH stakes are illiquid — investors often wait years for an exit because shares can't be transferred without a notary. Via the beel secondary market, virtual shares are transferable between investors once your startup enables trading — without changing your GmbH structure and without you as a founder having to be involved. That makes a stake in your startup more attractive: investors get the option of a partial exit if a buyer is found, even without a classic sale.

Benefits

Transferable once the startup enables trading
No notary appointment on transfer
Cap table stays clean
Higher attractiveness for investors

Process

Buyer and seller set the price themselves
Transfer runs digitally through beel
Requires a free, verified investor account
A 2% transaction fee, borne by the seller

Agentic Fundraising

Find investors — faster than ever

With beel you focus on finding and winning over the right investors. Agentic Fundraising supports you: via the MCP connector and Claude Skills you also get access to Dealroom, one of the largest investor databases. That helps you identify the right investors even faster.

beel. MCP · Claude

Find matching investors for our B2B SaaS and prepare the outreach.

✓Startup analysed ✓Dealroom searched ✓Warm-intro check ✓email drafts created

Found 12 matching investors — 3 with a warm intro through your network. I've prepared 12 personal outreach drafts in your email client and 3 investment offers as drafts.

Micro-VC · B2B SaaS warm intro94 % fit

Business Angel · SaaS 91 % fit

Family Office · Tech 88 % fit

Import as leads →

Ask a question or enter a task →

Create investment offer Find investors Create pitch deck Open cap table

Schematic view of the beel MCP in Claude.

Pitch deck

Pitch-deck creation

AI-assisted pitch-deck generation from your startup data.

Dealroom

Dealroom integration

Search Dealroom for investors that fit your startup.

Outreach

Email drafts & outreach

Personalised outreach emails as drafts in your email client.

Leads

Leads in beel

Save investors as leads directly in the platform.

Intro

Warm-intro check

Analyse whether you can get a warm intro to a lead.

MCP

Private Offer via MCP

Create Private Offers and employee participation directly via MCP.

Book a call

For investors

Are you a business angel?

You invest regularly in German or Austrian startups? With your own Syndicate you monetise your dealflow and help your startups close their fundraising faster. You set the rules on membership, minimum investments and fees.

Returns

Monetise your dealflow

Share your dealflow for carry — without pooling capital and without a fund structure.

Control

Your Syndicate, your rules

You set membership, minimum investments and fees yourself.

Impact

Easier fundraising

Help your angel startups close their rounds faster.

Book a call

From pre-seed to follow-on

One platform for every financing phase

Each phase has different demands on speed, ticket sizes and investor profiles. beel accompanies you through every phase — with the same legally reviewed contract templates and the same platform. Instead of setting up a new vehicle for each round, you raise capital continuously, the moment you agree with a suitable investor. You set the valuation yourself for each Private Offer.

Pre-seed

First capital

First capital from friends, family and angels — fast and without a notary.

Seed

Scale

Scale your investor round with legally reviewed contract templates.

Follow-on financing

Bridge financing

Bridge financing or extending existing stakes.

Continuous

Always be raising

Onboard new investors any time — no rigid rounds.

Fundraising made easy: common questions

How much capital can I raise with beel?

There are two ways. Without public advertising — and therefore without a prospectus — it runs via a Private Offer: either any amount as long as you stay below 149 investors, or up to €12 million from any number of investors. As soon as you want to advertise your offer publicly, the Public Fundraise Add-on applies, letting you raise up to €8 million.

Which form of participation suits my startup?

It depends on your goals and the amount you want to raise. beel's virtual shares (participation rights) are ideal for early-stage startups, because you can tailor the platform precisely to your fundraising — for friends & family, business angels or a combination.

Do I need a notary or a lawyer?

No. We provide the legally reviewed contract templates; neither onboarding nor investing requires a notary appointment. Issuing virtual shares only requires a one-time, unanimous shareholder resolution during onboarding.

What does using the platform cost?

beel offers several plans with different features and variable fees. You'll find an overview of all plans on the pricing page.

Who can raise capital with beel?

The requirement is an operationally active GmbH or UG in Germany or Austria. That enables fundraising not only for startups but for companies of any size.

How does the secondary market work?

Via the beel secondary market, virtual shares issued through the platform can be transferred between investors — once the startup enables trading. This lets investors sell before an exit. There is no liquid or guaranteed secondary market; a sale may not be possible, or only at a loss. Buyer and seller set the price themselves; the transfer runs digitally through beel, without a notary appointment. A free, verified investor account is required. A 2% transaction fee may apply, borne by the seller.

How does employee participation work with beel?

Employee participation is based on the same virtual shares (participation rights) used for fundraising. Team members participate economically just like shareholders — including dividends — but hold no voting rights and are not entered in the commercial register. You set cliff and vesting individually per person.

What is the difference between ESOP, VSOP and virtual shares?

An ESOP grants the right to acquire real company shares later — cumbersome for a GmbH, since every transfer must be notarised. A VSOP is a purely contractual claim to a payout, flexible and without a notary, but usually taxed as income. Virtual shares (participation rights) enable economic participation without real company shares; for tax purposes, income is generally treated as capital income and subject to the flat-rate withholding tax — usually more favourable than a VSOP payout taxed at the personal income-tax rate.

How does the MCP connector work?

With the MCP connector you connect your AI such as Claude to beel. For Claude we've also built dedicated skills you can use once connected.

How does cap-table cleanup work with beel?

A cap-table cleanup is especially useful before a VC investment, when many investors are already listed as shareholders in the commercial register. Since smaller investors often hold only negligible voting rights after a VC comes on board, it makes sense to swap their company shares into virtual shares. That keeps them economically involved while noticeably reducing the bureaucratic overhead.

Is beel trustworthy?

Yes. Our virtual shares (participation rights) were developed with leading law firms, and our smart contracts are regularly audited and checked for security. More than €19 million has already been processed through the platform.

Ready to get started?

Talk to us about your round — a team member will get back to you right away and, if you like, walk you through a short demo of the platform.

€19M+processed through the platform

100+startups onboarded

0notary appointments needed

Fintech Germany Award 2025 — recognised for innovation in startup financing

Your name

Email address

Where did you hear about us?

Your message

I'd like to receive the beel newsletter.