Funderbeam, the funding and trading platform for private companies, scores $4.5M Series A

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Funderbeam, the funding and trading platform for private companies founded by Kaidi Ruusalepp, who was previously CEO of the Nasdaq Tallinn stock exchange, has raised $4.5 million in Series A funding.

The round is led by U.K.-based Accelerated Digital Ventures (ADV), and includes new investors such as GK-Plug and Play Indonesia, and Pandan Ventures. Existing investors Draper Associates, Draper Venture Partners, IQ Capital, and Mistletoe also followed on.

Aiming to “fill in the gap” in venture and SME capital markets, Funderbeam provides access and liquidity to growth-stage investments via its information and trading platform. To date, Funderbeam has had 37 high-growth portfolio companies listed on its marketplace, and says it has on-boarded more than 10,000 verified investors across 119 countries. This has seen $2.2 million worth of shares exchange hands on the Funderbeam secondary marketplace.

Funderbeam, which employs blockchain technology to power its ledger, says it recently launched in Scandinavia and the U.K. with the aim of helping founders to raise private funding from a global network of investors.

It should be noted that the platform isn’t a free-for-all and is not entirely open. Founders are able to choose who can invest and therefore retain control of the cap

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