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:

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    “…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.