Funderbeam said has agreed to partner up with Europe’s top B2B startup accelerator Startup Wise Guys (SWG), giving all its present and future portfolio companies the opportunity to raise funds and trade on the Funderbeam marketplace.
Funderbeam closed last month $4 million funding – which was led by Tim Draper, the early investor in Baidu, Hotmail, Skype, and Tesla – to boost Funderbeam’s partnership-based growth strategy.
“A vibrant, liquid secondary market was one of the missing ingredients in New Europe’s startup ecosystem. Our partnership with Funderbeam is an excellent opportunity for our current and future portfolio founders to access liquidity on their entrepreneurial journey.”Herty Tammo, Co-founder of Startup Wise Guys
“This also opens new possibilities for Startup Wise Guys itself, enabling us to list shares and supporting us in the management of syndicates. We see Funderbeam leading in Europe and Asia in an area which $6.9bn valued CartaX is pioneering in the US,” he continued.
Funderbeam now expands its secondary marketplace by introducing links and partnerships with institutional investors, including brokers, and institutions serving private companies with a need for a well-functioning secondary market.
Startup Wise Guys is a perfect partner to kick off the partnerships approach, Funderbeam said.
With more than 220 investments in early-stage startups, Startup Wise Guys says its one of the most active investors in Europe.