Publications
Publications
- March 2024
- HBS Case Collection
Funderbeam: Teaming Up or Going Alone?
By: Paul A. Gompers, Elena Corsi and Orna Dan
Abstract
Funderbeam, a global platform founded in Estonia to enable start-ups to run private syndications and secondaries while offering liquidity for private equity investors, was at a crossroads. Over its ten-year run, the company had expanded its services and areas of operation. Since the global economic slowdown in 2022, Funderbeam’s trade and funding round volumes had decreased. Its management team had to determine whether to seek additional funding through a series B round and maintain full control of the company, which had successfully surmounted some of the many legal challenges inherent in cross-border fundraising and investing, or whether to accept an offer from Irish venture capital/private equity group VentureWave to take a controlling stake in Funderbeam.
Keywords
Decision Making; Business Exit or Shutdown; Transition; Leading Change; Business or Company Management; Organizational Change and Adaptation; Law; Mergers and Acquisitions; Financing and Loans; Cross-Cultural and Cross-Border Issues; Ownership Stake; Expansion; Business Startups; Venture Capital; Financial Services Industry; Estonia; Republic of Ireland; United Kingdom; Singapore
Citation
Gompers, Paul A., Elena Corsi, and Orna Dan. "Funderbeam: Teaming Up or Going Alone?" Harvard Business School Case 224-076, March 2024.