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, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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