GLEMO - GEMNY-Specific Investment Memo

Executive Summary

Glemo is a Brazil-originated real estate operating layer combining validated AI sales infrastructure, cross-border transaction flow, and partner-agnostic regulated rails for future RWA representation.

The current round is intentionally small: a US$2M de-risking round designed to prove the operating layer, compliance posture, token governance, liquidity discipline, and seed-readiness. The next financing milestone is a focused US$20M seed valuation, not an immediate jump to a mature valuation. The US$100M case is reserved for the mature stage after revenue, RWA provider validation, and repeatable GTM execution.

Why GEMNY

GEMNY is a strong fit because the opportunity sits at the intersection of:

• emerging markets capital flows;
• structured private investing;
• real estate infrastructure;
• alternative/risk-mitigated transaction structures;
• staged capital appreciation;
• potential future public-market or structured financing pathways.

This should not be positioned to GEMNY as a crypto token launch. It should be positioned as:

A structured emerging-markets real estate operating layer with optional token-enabled ecosystem incentives and future RWA representation.

The Financing Logic

Stage 1 - De-Risking Round

• Raise: US$2M
• Instrument: SAFE + token warrant
• Equity cap: US$10-12M
• Purpose: de-risk TGE, compliance, platform ownership, regulated rails, liquidity, and early GTM.

This round is not intended to fully scale the company. It is designed to create the proof required for a higher-quality seed round.

Stage 2 - Seed Milestone

• Base valuation milestone: US$20M+
• Indicative base raise: US$4-6M
• Strong-seed upside: larger seed round if legal, platform, AI Agent, brokerage, community, and RWA/provider gates are materially exceeded.
• Trigger: legal memo, wallet policy, token launch controls, regulated rails/fallback providers, AI Agent traction, RWA pilot or partner path, and community quality.

Important language control: US$20M is the conservative base valuation milestone, not the capital raised in the seed. The base seed raise is US$4-6M, while a stronger seed round can be pursued if the de-risking round produces stronger-than-base evidence.

Stage 3 - Mature Institutional Case

• Target valuation case: US$100M
• Timing: 24-48 months
• Trigger: US$5M+ ARR path, multi-provider RWA rails, institutional liquidity, repeatable brokerage/AI Agent growth, and durable governance.

Why US$2M Is Reasonable

Use of funds is now risk-adjusted:

The US$650k liquidity allocation is sized to preserve credible launch depth while protecting runway discipline.

What GEMNY Needs To Believe

Tokenomics Coherence

The tokenomics should not be read as a break from the equity story. The equity round funds company execution; the GO token is an ecosystem incentive and liquidity layer. Token FDV, equity valuation, liquid float, controlled float, community rewards, and marketing allocations are separate categories with separate controls.

The key diligence message is:

Token FDV is separate from company equity valuation; controlled float is operationally accessible but not freely sellable; community rewards are claim-based, milestone-based, and not automatic emissions.

Suggested GEMNY Framing

We are not asking GEMNY to underwrite a US$100M company today. We are asking GEMNY to structure a US$2M de-risking round that can create a credible US$20M seed milestone by proving platform ownership, compliance, token governance, liquidity discipline, and regulated rails optionality.

Key Risks And Mitigations