Estonian Blockchain startup Funderbeam raises USD$2.6 million to Build Blockchain-based Stock Exchange for Startups

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The Estonian-founded Funderbeam, a global marketplace for startup investments, has raised a USD2.6 million funding round from Draper Associates, Thomson Reuters and IQ Capital.

In addition to the new investors, all previous investors also joined the round, including Rockspring, 3TS Capital Partners, Jaan Tallinn, Kei Aar, David Braben, Chris Wade, Joe Schorge, Tim Parsonson, Richard Parsonson, Simon Thorpe, Murali Krishna, Pascal Isbell, David Cummings.

The company’s founder and CEO, Kaidi Ruusalepp, said that Funderbeam:

“…was the future of exchanges, combining three things in one: data, funding and trading, and it’s all happening across borders and on Blockchain technology”.

Founded in 2013, Funderbeam has created a Blockchain technology-powered platform where companies are funded and traded across borders.

According to an article in Cointelegraph written by Angus Leung the platform itself will be breaking away from traditional stock exchanges and will allow investors to have more liquidity when investing in growing companies while having control over how much to invest and how long to hold it for.

The platform itself will be breaking away from traditional stock exchanges and will allow investors to have more liquidity when investing in growing companies while having control over how much to invest and how long to hold it for.

“Funderbeam is the future of exchanges, combining three things in one: data, funding, and trading, and it’s all happening across borders and on Blockchain technology,” stated Ruusalepp.

The company is based in Tallinn, Estonia, but moved its headquarters to London a year ago.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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