Angel investing and trading platform, Funderbeam, has recently secured $40 million in funding. This is a significant milestone for the company, which has been steadily growing in popularity among investors and entrepreneurs alike.
Funderbeam was founded in 2013 by Kaidi Ruusalepp, a former CEO of the Tallinn Stock Exchange. The platform was designed to provide a new way for startups to raise capital and for investors to access early-stage investment opportunities. Funderbeam combines the benefits of angel investing with the liquidity of a trading platform, allowing investors to buy and sell shares in startups as they grow and develop.
The $40 million funding round was led by Eight Roads Ventures, a global venture capital firm that has previously invested in companies such as Alibaba, Appsflyer, and Toast. Other investors in the round included Draper Associates, Mistletoe, and existing investors such as IQ Capital and Keen Venture Partners.
The funding will be used to expand Funderbeam’s operations globally, with a particular focus on Asia. The company plans to open offices in Singapore and Tokyo, as well as hiring additional staff to support its growth.
Funderbeam has already made a name for itself in Europe, where it has helped to fund over 200 startups across 25 countries. The platform has also attracted a growing community of investors, with over 14,000 registered users and more than $25 million invested to date.
One of the key benefits of Funderbeam is its use of blockchain technology. The platform uses blockchain to create digital tokens that represent shares in startups. This allows investors to buy and sell shares quickly and easily, without the need for intermediaries such as brokers or banks.
Funderbeam also provides a range of tools and services to help startups grow and succeed. These include access to a network of mentors and advisors, as well as data analytics tools that can help startups to identify trends and opportunities in their markets.
Overall, Funderbeam’s success highlights the growing demand for alternative investment platforms that offer greater flexibility and transparency. With its innovative use of blockchain technology and its focus on supporting startups, Funderbeam is well-positioned to continue its growth and expansion in the years ahead.
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