Category Archives: Investment and Trading Platform
Funderbeam, Backed by Tim Draper, Raises Millions For Companies From Investors In Nearly 100 Countries
Funderbeam, the stock exchange for startups announces that it has raised over 5 million euros for companies from investors all over the world. Funderbeam is the first platform to make it possible to fundraise and trade on blockchain technology, proving this type of investing platform is live and booming. Funderbeam has already secured seed funding of more than $7 million from noteworthy VCs including Tim Draper.
Investment and trading platform Funderbeam, creator of the first primary and secondary marketplace for early-stage investments, is announcing today that it has raised over 5 million euros for companies via its platform. The money has been raised from a global network of investors in nearly 100 countries. Funderbeam offers the opportunity for startups to raise growth capital and provides immediate liquidity to investors worldwide. The platform is essentially a stock exchange for growth companies, making it possible for anyone to invest and trade.
Funderbeam works with early-stage companies around the world, who face problems accessing financing to support their foundation, fuel growth, and enhance their competitiveness in global markets. Funderbeam lowers the barrier to invest, by not only making the investments smaller for individuals, but making it possible to choose exactly how long to hold on to an investment. The platform allows growth companies the ability to raise however much capital it wants, whenever it wants. Additionally, Funderbeam allows investors to cash out whenever they want.
Founded by Kaidi Ruusalepp, former CEO of Nasdaq OMX exchanges and Urmas Peiker, former regulator, Funderbeam is backed by top notch investors including Jaan Tallinn, Co-Founder of Skype, noteworthy venture capitalists Tim Draper, and Mistletoe’s Taizo Son. Up to this day, Funderbeam as a company has secured $7.3M in funding in order to pave the path for secondary trading platforms. The company was awarded Best European FinTech Company in 2017 and well as the Interactive Innovation Award at SXSW.
By utilizing blockchain technology, Funderbeam assures that every investment on its platform is tokenized. Each token represents the owner’s rights in an investment syndicate. This system allows companies to raise a round privately with experienced investors or publicity with the crowd, while adding only one investors to their cap table – syndicate.
“Funderbeam is determined to break down traditional barriers which typically limit access to global funds, so small but mighty growth companies have a chance at successfully funding their growth. We are excited to provide investment opportunities with liquidity – the missing piece in startup investments,” says Kaidi Ruusalepp, CEO of Funderbeam. “Funderbeam is paving the way for global changes in the current marketplace. We are thrilled to be a young company with a massive global reach.”