Funderbeam uses the Industry Classification Benchmark (ICB) to organise startups into industrial groupings. ICB is the classification used by the major stock exchanges such as LSE, NYSE and NASDAQ. ICB is a product of FTSE International Limited and is used under licence. The Industry Classification Benchmark (“ICB”) is owned by FTSE International Limited (“FTSE”). FTSE® is a trademark of the London Stock Exchange Group companies and is used by FTSE under licence. FTSE does not accept any liability to any person for any loss or damage arising out of any error or omission in the ICB.
The company helps angels and entrepreneurs discover, benchmark, and analyse startups at a low cost. Funderbeam expects to launch world’s startup marketplace in 2016.