🚨 FUNDING: Qapita raises $26m in series B funding round
Singapore-based Qapita, a leading equity management platform with presence in India and USA, announced today that it has raised USD 26.5 million in its Series B equity financing round.
The round was led by US-based Charles Schwab Corporation (NYSE: SCHW), who made a strategic minority investment in Qapita. Existing investors Citi and MassMutual Ventures also participated in the round. The investment will help Qapita continue to scale its equity management platform into the US market and launch its fund administration product across multiple markets.
As an extension of this investment, Qapita and Charles Schwab will collaborate on Schwab Private Issuer Equity Services powered by Qapita - a flexible platform that allows US-based private companies to seamlessly manage their cap tables, get the most out of their stock plans and ensure a seamless transition when it’s time to take the company public.
Qapita offers equity management solutions in India, Southeast Asia and the US- operating in two of the three largest global start-up markets. Qapita aims to transform how ownership is seeded, managed, reported and unlocked in these private market ecosystems through its full stack digital platform and its service offerings. Its equity management platform helps companies manage the ownership records of their stakeholders. Its fund administration solution helps fund managers manage their portfolios as well as the ownership and reporting requirements of their investors. Its secondaries and liquidity offering facilitates unlocking of this ownership into wealth.
Earlier, Qapita also raised USD10 million from Analog Partners, a Singapore-based growth equity fund, founded by Asia private equity veteran, Ashish Shastry, to back market-leading Asian Business to Business (B2B) technology companies in their global expansion.
👉 Subscribe for more insights https://lnkd.in/d94JgWBU
Source: Finextra
#fintech #b2b #funding
Head of Singapore General Business at Salesforce
1wCongrats Lakshman and team!