VentureWave is taking a strategic majority stake in Funderbeam as part of a £32m investment backed by Mistletoe, Draper Associates, and Kaidi Ruusalepp.
"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"
Sino Global Capital led the financing alongside participants such as Circle Ventures and Polygon Ventures.
"Thrilled to back the OpenTrade team as they build the necessary infrastructure to bring real-world financial assets onto the blockchain. In the next decade, we expect that a majority of assets will be brought onto public blockchains. OpenTrade is leading this paradigm shift and we look forward to being day one customers."
The oversubscribed round was backed by thirty new angel investors alongside partners NorthInvest and the LCR Angel Network.
"NorthInvest are proud to have supported another tech for good business in their growth plans. Heatio’s technology will help consumers to save energy and cement the North as a hub for net positive innovation."
The investment round was led by Par Equity and will support sales growth and product development.
"Fuuse is rapidly growing it’s market leading enterprise solution for EV charging as we continue our path to profitability. We have a robust pipeline of new projects with some major announcements to follow. We’re also building the foundations for the next wave of the EV revolution through our grant-funded innovation projects and we’re delighted to be ready to address the future demand we see coming down the road with the further support from our investors. The future is very encouraging and we are ready at the helm to strengthen our foothold in the UK, expand our offering in Ireland and springboard into new international markets by the end of the year."
The financing round was led by Volition Capital with participation from AXA Venture Partners and Foresight.
"We’re entering an age where every business is becoming a tech company thanks to the value of data and the vital need for digitisation both internally and across all customer-facing operations. Our Series B funding is part of our strategic growth plan to help all organisations – not just those in Silicon Valley – respond to this challenge and, following a successful entry to the market, we’re excited to accelerate our expansion into the US whilst continuing to grow in the UK."