Startup stock exchange platform Funderbeam has reportedly closed a $5.8m funding round.
The investment came from investors from around 100 countries, using the blockchain platform to complete commitments, according to an article by Venturebeat.
Funderbeam provides investors with a database of startups, to research, trade or invest it. The solution gives access to a range of analytics tools, to help track both businesses and investors.
Crowdfunding is available on the platform, and allows anyone to contribute to a startup from as little as €1. So far the platform has helped raise a combined total of over €4.2m, with investments coming from 101 different countries. A stock market is also available, allowing members to buy and sell stock of the startup companies, with everything completed through blockchain technology.
This investment comes hot off the heels of its previous round of equity, with the company bagging €2m earlier in the year. The round of capital was led by Japanese investor and incubator Mistletoe, and the funding was raised to support Funderbeam’s expansion out of Europe and in to Asia. Total capital raised by Funderbead has reached up to $11m.
Funding platforms have had a disappointing year in investments this year, with only $202m being deployed so far. More than half of this year’s funding only came in the third quarter. The first three quarters of last year saw a more even spread of investments, averaging at around $88m.
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