Funderbeam pockets $2.6m for blockchain stock exchange

Funderbeam has raised $2.6m in a new round of ventures funding from Draper Associates, Thomson Reuters and IQ Capital.

The company’s existing backer 3TS Capital Partners and angel investors also participated.

Funderbeam develops a blockchain-based stock market that allows companies to be traded and funded across borders.

The Tallinn-founded company is now headquartered in London and previously raised $2m across a string of seed rounds.

Funderbeam founder and CEO Kaidi Ruusalepp said, “Last year angels and VC’s invested in startups more than $110bn. Startups are the real growth companies — who used to list on stock markets.

The problem with startup investments is that it has no liquidity. For this, Funderbeam has built a totally new exchange model, born global and built for startups from the beginning. We’ll grow with them. We bring liquidity back to investing.”

Copyright © 2016 FINTECH GLOBAL

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