Estonian Investment Marketplace Raison Valued at US$11.5 Million After Seed Fundingby Fintechnews Baltic December 17, 2021
Estonia-based late venture investment marketplace Raison has secured US$900,000 in a seed funding round.
The round values the company at US$11.5 million, and was led by family office Server Partners, according to a statement by the company.
The company will use the funding to continue the development of innovative investment solutions and accelerate its international expansion.
Raison had previously raised US$150,000 pre-seed funding from an angel investor in 2020.
The company’s solution provides retail investors with access to late venture investment deals.
This year, the platform added 10 new deals and increased its user base by more than 3x, exceeding 17,000 users globally.
Raison’s annualised turnover is expected to cross the US$1 million mark by the end of the year, the company said.
The venture capital marketplace is backed by the US-based investment business Raison Asset Management.
“Before we entered the market with our innovative solution, late-stage venture investments were available solely to accredited investors with a high amount of capital.
Our mission is to make it accessible. The Seed funding will help us expand the marketplace, grow our European presence, and discover new markets,”
said Raison founder and CEO Alex Zaytsev.
Featured image: RaisonSubscribe to the most important Fintechnews in Estonia, Lithuania and Latvia.
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