FAQ

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What is Spring?

Spring is Streamflow's on-chain fundraising platform, where selected companies can raise funds from a wide range of verified investors. Every company is reviewed before being listed. Investor eligibility is verified. Each successful raise is backed by an on-chain escrow and a dedicated legal structure. The company tokens issued through Spring carry the contractual rights defined in the raise's legal documents.

Who can invest on Spring?

Spring is open to verified investors globally. Individuals and businesses from the US, UK, and EU must additionally qualify as accredited or professional investors. The precise requirements depend on your location, investor type, and the terms of the raise.

Who can raise money on Spring?

Spring considers companies globally, from a broad range of industries and stages. Each application is reviewed individually, weighing the company and team, market and traction, legal position, and the proposed valuation, fundraising terms, and use of funds.

How do I receive tokens after investing?

If the company’s raise succeeds and the required legal setup is completed, tokens are issued to your Spring position. Your allocation is subject to the vesting schedule and transfer restrictions disclosed before you invest.

Can I sell or transfer my tokens?

Tokens are subject to an initial 12-month holding period. After that period, transfers may be available through Spring’s approved transfer process, subject to investor eligibility, the terms of the relevant raise, and applicable legal restrictions. Availability and liquidity are not guaranteed.

What happens if a raise doesn’t reach its goal?

If a raise doesn’t reach its required minimum by the deadline, it doesn’t proceed. Committed funds are made available to claim from your Spring account.

I invested in a public round but wasn’t selected. What happens to my money?

After the public round closes, the founder reviews commitments during the selection period specified for that raise. Any amount that isn’t included in your final allocation is made available to claim.

Does Spring charge investors any fees?

Spring doesn’t charge investors a platform fee. Any network or third-party transaction fees will be shown before you confirm a transaction.

What fees do founders pay?

Founder fees are confirmed as part of the final raise terms and disclosed before the raise begins. They may include a listing fee payable before incorporation and a one-time incorporation fee deducted from the successful raise before your monthly allowance begins.

What protection do I have as an investor?

Committed funds are held in on-chain escrow and released according to the terms disclosed for the raise. A dedicated legal vehicle (the SPC cell) holds the agreed company shares on investors' behalf, while a deed poll documents eligible token holders' equity-backed rights. Governance may also allow investors in a particular round to propose returning the funds that remain in that round's escrow if serious problems arise. Funds already released to the company cannot be recovered through the protocol. See Legal and Protocol Structure for the full rights and enforcement process.

How are investor funds held?

Spring is non-custodial. Committed funds are held in a smart-contract escrow associated with the raise rather than in Streamflow's operating wallet, and releases and refunds follow the protocol rules and the terms disclosed before investment. Streamflow's role is limited to administrative actions such as approving listings and reviewing governance proposals — it cannot direct escrowed funds toward any other purpose.

Can US investors participate?

Yes, subject to completing verification and qualifying as an accredited investor. The number of US investors who can participate may be capped for a particular raise. The applicable limit and eligibility requirements will be disclosed in that raise’s terms.

Are any countries restricted?

Spring follows applicable sanctions and eligibility requirements and cannot serve people or businesses from restricted jurisdictions or those appearing on relevant sanctions lists. See Restricted Countries for the current list.

Can I invest in more than one company on Spring?

Yes. You can invest in multiple companies, provided you meet the eligibility requirements and terms of each raise.

Can a founder run more than one raise?

Yes. Once a previous round closes, the company can apply to run another raise — each later raise for the same company uses the same company token, but has its own valuation, terms, escrow, vesting schedule, and governance. Additional tokens are issued from that token's remaining supply. Founders can also apply to raise for an entirely different company through Spring, which would be treated as a separate listing with its own company token.

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