Funderbeam, an Estonian company that offers data-intelligence on startups for angel investors, has announced it will launch a blockchain based trading platform for startup-investment. By doing so, the company that is – among others – funded by Skype co-founder Jaan Tallinn sets out to create liquidity in the startup marketplace.
Currently, Funderbeam offers a guide to help angel investors and entrepreneurs discover, benchmark, and analyze startups, using data from services like AngelList and CrunchBase. Next, the company is planning to add two new layers to its product: automated investment syndication and a cross-trading platform.
Through the syndication layer, investors can create an investment syndicate for one or several startups listed on Funderbeam. If a certain startup requires, for instance, €100,000 in funding, this money can be put up by a syndicate of one lead investor and 99 backers all putting up €1,000, or a syndicate of one lead investor and one backer both putting up €50,000, or any other combination adding up to €100,000. Diminishing the current threshold to invest in startup companies, digital verification and regulatory compliance are offered by Funderbeam.
Once a syndicate is complete, and the startup (or startups) is funded, Funderbeam will establish a blockchain based aftermarket.