Funderbeam raises $4.5m Series A to embed liquidity in the future of venture

Funderbeam raises $4.5m Series A to embed liquidity in the future of venture

Funderbeam is a global trading platform for equity stakes in private companies. We’ve led the company’s Series A alongside some stellar investors to scale its secondary market solution and power expansion across Asia.

Liquidity is fundamental to venture capital. Without a viable liquid market early stage investment is constrained and company growth is negatively impacted. Funderbeam is building a platform which enables liquidity, maintaining the momentum of companies and allowing investors to go again.

The ambition is to fill gaps in venture by providing access and liquidity to growth investments. So far, 33 high-growth portfolio companies are on its secondary marketplace, raising capital from an investor base of over 10,000 verified investors, across 119 countries. It has seen more than $2.2m worth of shares traded on the platform.

Company founder and CEO, Kaidi Ruusaleep, explains the ultimate ambition: “When I was leading NASDAQ Tallinn, I hated the fact that because of the large central European intermediaries, Estonian investors and companies had very limited access to global capital markets. We were just too small for big players. And when I set up Funderbeam in 2013, it was hard to get access to growth capital and we had to move our HQ closer to money. Those two sides of one story is the heart and soul of Funderbeam – to serve private investments and growth companies no matter where they come from”.

This round will allow the team to further develop its strong secondary market offering as well as further expansion into key markets such as Singapore and across continental Europe. Recent launches in Scandinavia and the UK helped founders to raise private funding from a global investor base they previously couldn’t access. Founders are able to choose who can invest and retain control of their cap table.

For investors, Funderbeam provides access to a community of curated, ambitious growth companies and the option to trade their investments at any time, facilitated by blockchain technology. This provides investors with unique liquidity not available on any other platform. A robust due diligence process and lead investor acting as an ambassador for every round ensures the high quality of companies on the platform.

We share the vision of the Funderbeam team and are excited to partner with them on a journey which could change venture forever. Alongside ADV, Plug and Play Ventures joined in this round, with existing investors Tim Draper, IQ Capital, and Mistletoe also taking part.

“The GK Plug and Play Indonesia and Pandan Ventures investment in Funderbeam is not only an investment in a market leading FinTech company, but also an investment in the platform that we intend to use for our future investments.  Funderbeam will enable us to offer a unique evergreen venture capital fund structure to align the interests of our investors, the fund, and our portfolio companies.  We will be able to provide patient capital to our startups, while simultaneously offering our investors shorter lock up periods and real-time values on the entire portfolio,” added Pandan Ventures Managing Partner Christopher Aw.

We back generation-defining founders with long term, global ambition. You can read about how we work with founders, what we offer and how to get in touch with our team here.