The funding round draws backing from executives across GoCardless, Thredd, Elavon, and other major financial services firms to support commercial growth.
"Research confirmed that the issue faced was universal, with up to 20% of travel bookings failing at checkout as a result. However, for many online travel agencies and airlines, building this solution on top of complex legacy infrastructure can be too expensive and time-consuming. Large players are looking for a solution that sits across their existing payment infrastructure, and that is exactly what Hands In provides."
The platform raised capital from nearly 250 angel investors and family offices to support its collaborative investment infrastructure.
"I think we are missing a huge opportunity by leaving the power to decide what companies get built in the hands of so few people. It means you end up building stuff that just isn’t aligned with our needs. Over the next 20 years or so, technology is going to revolutionise energy, healthcare, education, finance, food production…basically any industry you can think of. It’s a huge opportunity, and there’s a lot to be excited about!"
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 Manchester startup secured backing from 184 investors on the crowdfunding platform.
"We’re proud to see our latest fundraising campaign completed ahead of time, and above target. In working alongside Seedrs, we’ve had the opportunity to introduce our company and its platform to new audiences and new investors, all of whom seem very impressed with what we have to offer."
