Estonian startup “stock exchange” Funderbeam raises USD2.6 million in investments

The Estonian-founded Funderbeam, a global marketplace for startup investments, has raised a USD2.6 million funding round from Draper Associates, Thomson Reuters and IQ Capital.

In addition to the new investors, all previous investors also joined the round, including Rockspring, 3TS Capital Partners, Jaan Tallinn, Kei Aar, David Braben, Chris Wade, Joe Schorge, Tim Parsonson, Richard Parsonson, Simon Thorpe, Murali Krishna, Pascal Isbell, David Cummings.

The company’s founder and CEO, Kaidi Ruusalepp, said that Funderbeam was “the future of exchanges, combining three things in one: data, funding and trading, and it’s all happening across borders and on blockchain technology”.

Founded in 2013, Funderbeam has created a blockchain technology-powered platform where companies are funded and traded across borders.

The company is based in Tallinn, Estonia, but moved its headquarters to London a year ago.

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Cover: Kaidi Ruusalepp, Funderbeam’s founder and CEO (courtesy of Funderbeam.)

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About the author: Sten Hankewitz

Sten Hankewitz is a lifelong journalist and Deputy Editor of Estonian World. Having lived in Estonia, Spain and the UK, he now resides in the United States. He loves to write and besides contributing to Estonian World and some occasional blogging, he writes for other media outlets in Estonia, Israel and elsewhere. He has strong convictions and he shows them unashamedly. You can follow him on Twitter, friend him on Facebook or check out his personal blog. You can write to Sten at sten@estonianworld.com.