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Romania's SeedBlink launches secondary mkt for asset trading

Romania's SeedBlink launches secondary mkt for asset trading SeedBlink Managing Partner & President of BoD Andrei Dudoiu Source: SeedBlink

BUCHAREST (Romania), June 30 (SeeNews) - Romanian investment platform for technology start-ups SeedBlink said on Thursday it has launched a secondary market where investors can trade with each other the assets they hold.

This initial version of the secondary market includes the tools and infrastructure to allow investors to securely buy and sell assets through the platform when a new round of funding is raised, SeedBlink said in a press release.

The company pans to extend this functionality beyond new funding rounds by the end of the year, enabling investors to trade the assets of all companies in the portfolio.

"Investing in startups is considered a risky business worldwide, and investors should only invest as much as they can afford to lose. We are of course pleased with the initial results, which demonstrate the performance of the portfolio companies and validate the rigorous selection process," SeedBlink managing partner and president of the board of directors Andrei Dudoiu said.

Launched in early 2020, SeedBlink is a platform specialized exclusively in European tech start-ups, from the pre-seed stage to the B Series. So far, it has facilitated nearly 3,000 investments in over 60 European tech startups. The average portfolio size is 20,000 euro ($20,859), and the total amount invested by a single investor in its portfolio is nearly half a million euro. Some 25% of active investors have a portfolio of more than 5 companies, with the most diversified having 30 companies.

Earlier this month, SeedBlink opened an office in Athens, Greece, to complement its expansion plans and continue accelerated growth.

($=0.959 euro)

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