Starta is a token used to raise $5 million to invest in Starta Accelerator portfolio companies, a startup accelerator run by Starta Capital VC Fund in 2015. Starta Accelerator focuses on Easter European technology companies.
Starta is a token on the Waves platform with a $1 token price. It intends to invest in Eastern European companies with valuation up to $2 million with a target exit valuation at $10-50 million.
Token purchasers of Starta will be investing into Cross Coin, a Singapore-registered SPV. Of the $5 million raised, $1.5 million will be used to buy 33% of Starta Accelerator 16/17 portfolio companies with the remainder funds to be invested in future Starta Accelerator portfolio companies.