[Funding alert] Qapita raises $5M in pre-Series A round led by MassMutual Ventures
SaaS startup Qapita will use this round of funding for product development and market expansion
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has raised $5 million in a pre-Series A round of funding led by MassMutual Ventures.
The round saw participation from Endiya Partners and angel investors such as Udaan co-founder Sujeet Kumar, and Anjali Bansal, founder of Avaana Capital.
This pre-series A round also saw participation from existing investors Vulcan Capital and East Ventures along with angel investors who participated in the seed round in September 2020.
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According to a statement, this fresh funding will be used by Qapita to add engineering talent, accelerate product development and build clientele in India, Indonesia and Singapore.
Qapita Raises $5 Mn In Pre-Series A Round
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Qapita, a developer of equity management software for startups, raises $5M led by MassMutual – TechCrunch
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Qapita raises $5 million in funding round led by MassMutual Ventures
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Qapita secures investment from East Ventures
New Delhi, Feb 3 (UNI) Qapita, a Singapore-based provider of digital equity management SaaS solutions, on Wednesday announced that it has secured an undisclosed strategic investment from East Ventures.
Qapita helps private companies and start-ups manage capitalisation tables (cap tables) and employee stock ownership plans (ESOPs).
Qapita also aims to digitise issuance of equity awards and shares. The fresh round of funding will be used to further strengthen the team in Singapore, India and Indonesia, accelerate product development and build clientele.
Qapita was founded in 2019 by CEO Ravi Ravulaparthi, COO Lakshman Gupta, and CTO Vamsee Mohan, who recognised the inefficiencies in private market ownership and transactions, coupled with the need to digitally disrupt this sector. The founders hold decades of experience in investment banking, corporate finance and software engineering respectively, working across markets like India, Si