EBRD backs funding platform Funderbeam to plug SEE’s equity gap

Zagreb Stock Exchange pilots multi-level market structure with Estonia’s Funderbeam.

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Investment platform Funderbeam is working with the European Bank for Reconstruction and Development (EBRD) to provide equity financing to start-ups and SMEs in south-east Europe (SEE).

Set up in Estonia in 2013, Funderbeam is the brainchild of former Nasdaq Tallinn Stock Exchange chief executive Kaidi Ruusalepp.

The platform enables growth companies to raise equity, convertible and loan finance in either public or private funding rounds. A syndication model allows for investments as low as €200, but fundraising firms have to find a lead investor to anchor the issue.

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