London headquartered Funderbeam is an investor marketplace
IN BRIEF:
The investment platform is used by angel networks and institutional investors to invest in and trade shareholdings
VentureWave has led the round, joined by Mistletoe, Draper Associates and Funderbeam founder Kaidi Ruusalepp
Funderbeam said it will look to cover the full cycle of investments, as well as adding institutional clients such as venture capital funds and investment banks
What does this mean?
“This transaction creates a powerful platform to fast forward Funderbeam’s vision which is to serve venture investments across borders and create a unique secondary market for private assets,” said Ruusalepp, who is also the CEO of Funderbeam. “The timing of the transaction couldn’t be better – we are strong at a time when the market is ready for our solution”.
