Funderbeam, an Estonian angel investing and trading platform, has received US$40 million investment led by Irish Venture capital firm VentureWave.

VentureWave said that it will take an active and strategic leadership role in scaling Funderbeam’s 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.

Funderbeam will continue to serve investor networks and provide Private Market as a service. Following the transaction with VentureWave, it will now additionally serve institutional clients – VC funds, family offices, brokers and investment banks.

The transaction is pending approval from regulators in the UK, Singapore and Estonia

“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,”

said Kaidi Ruusalepp, Founder and CEO of Funderbeam.

“VentureWave’s investment in Funderbeam is a game-changer for the industry, shaping the future of venture markets and enabling access to global venture deals and secondaries.

 

Together, we have the necessary assets, technology, and capital to take on the entire venture investment life cycle. This represents a transformative moment to put impact at the centre of the investment industry,”

said Alan Foy, Chairman of VentureWave.

Featured image credit: (from L-R) Alan Foy, VentureWave Chairman, Brian Martin,managing partner of VentureWave, Kaidi Ruusalepp, founder and CEO of Funderbeam and Thomas Davies, Chief Financial Officer of Funderbeam