back Back

VentureWave snaps up Funderbeam in a $40m investment deal

By Gloria Methri

May 08, 2023

  • Angel Funding
  • Fintech news
  • Global Marketplace

VentureWave Capital, Venture Capital, Private Equity, Angel  Funding, Venture Investment, UK, Ireland, FinTechIrish-based private equity firm VentureWave has acquired a majority stake in Funderbeam, a blockchain-based start-up for angel investors. VentureWave acquired the majority stake in a €40 million investment round that also included participation from existing backers, Mistletoe, Draper Associates, and FunderBeam CEO Ruusalepp.

The transaction gives VentureWave the technology to target the life cycle of global venture investments and secondaries, from early-stage angel funding until pre-IPO secondaries. For FunderBeam, the deal will help it scale up from angel markets to additionally serve institutional clients, such as VC funds, family offices, brokers, and investment banks.

Alan Foy, VentureWave Chairman billed the investment as a game-changer for venture markets. “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.”

Kaidi Ruusalepp, founder and CEO of Funderbeam said, “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.”

Taizo Son, founder of Mistletoe said, “Mistletoe is supporting impact companies. Companies that introduce change for the better in the way we live and do business. Funderbeam has been a pioneer in changing the way that the venture market works – democratising investments in start-ups and enabling exits when needed. A solution that puts founders first in their mission. It takes endurance and resilience to introduce novel models in the financial sector and we are very happy that the other impact investor, VentureWave, is joining in.”

Previous Article

May 08, 2023

Ecobank and Fingo Africa partner to launch new app

Read More
Next Article

May 08, 2023

Qistbazaar secures PKR 500m equity partnership with Bank Alfalah

Read More

IBSi Daily News Analysis

December 08, 2023

Angel Funding

Most consumers seek safer, easier payment verification, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

December 07, 2023

10 biggest FinTech Mergers & Acquisitions of 2023

Read More

December 05, 2023

Swiss crypto bank SEBA rebrands to AMINA Bank

Read More

December 04, 2023

Trulioo partners with Public for its UK launch

Read More

Related Reports

Sales League Table Report 2023

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q2 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2023

£1,500.00 / year

Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023

£500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2023

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023