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Tuesday, May 11, 2021
Home News Estonian Blockchain startup Funderbeam raises USD$2.6 million to Build Blockchain-based Stock...

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

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.

Richard Kasteleinhttps://www.the-blockchain.com
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, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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