Funderbeam secures $40m to shape future of venture markets


Angel investing and trading platform Funderbeam has secured $40m in an investment round led by Irish PE group VentureWave.

Other investors in the round include Mistletoe, Draper Associates, and Kaidi Ruusalepp, the founder of Funderbeam.

VentureWave said that they have agreed to enter into a transaction to create a leading global entity which will serve institutional and angel investors in venture deal execution and secondaries.

The Irish firm will take an active and strategic leadership role in scaling Funderbeam’s ground-breaking technology across venture assets. The Group now has an evolved US market entry strategy through Vestiver, the institutional venture platform.

Following the completion of the transaction, the group will target the entire life cycle of global venture investments and secondaries, from early-stage angel funding until pre-IPO secondaries.

Ruusalepp said, “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. The timing of the transaction couldn’t be better – we are strong at a time when the market is ready for our solution.”

R2, an embedded lending infrastructure business based in Latin America, has recently closed a $100m warehouse facility.

The transaction, R2 claims, provides the funding capacity to heavily scale and strengthen R2’s lending capabilities and partnerships, spurring a new wave of innovation in the industry and positioning R2 to make a significant economic impact in Mexico and beyond.

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