SG fintech startup Qapita raises $5m in MassMutual-led funding round
Co-founders of Qapita: (L-R) Vamsee Mohan, Ravi Ravulaparthi and Lakshman Gupta.
April 20, 2021
Qapita Fintech, a Singapore-headquartered fintech and legal-tech startup, announced raising $5 million in a pre-Series A funding round led by US and Singapore-based venture capital firm MassMutual Ventures.
The startup, which provides employee stock ownership plans (ESOP) and capitalisation tables (CapTables) management SaaS solutions, said the funding round also saw the participation of India-based VC Endiya Partners and existing investors Vulcan Capital and East Ventures.
Angel investors, including Anjali Bansal (founder of Avaana Capital), Sujeet Kumar (co-founder of Udaan), and the CEO of an India-based decacorn, also backed the fundraise.
Qapita, provider equity management SaaS solutions serving customers in India and Southeast Asia, today announced that it raised a $5 million Pre-Series A round led by MassMutual Ventures. Hyderabad-based venture capital firm Endiya Partners and India-based angel investors including Anjali Bansal (Founder of Avaana Capital), Sujeet Kumar (CoFounder of Udaan) and CEO of an India-based decacorn also invested in this round. Qapita helps private companies and startups record and manage capitalisation tables (cap tables) and employee stock ownership plans (ESOPs). Qapita also aims to digitise issuance of equity awards and shares. The Pre-Series A fundraise follows closely on the heels of its Seed Round led by Vulcan Capital and East Ventures in September 2020. Apart from Vulcan Capital and East Ventures, most existing angel investors including Koh Boon Hwee, Atin Kukreja, Alto Partners, Mission Holdings, Northstar Group Partners (Patrick Walujo) & K3 ventures also participated in this
Indian VC firm Endiya Partners launches its first accelerator program
Photo: Pixabay
March 16, 2021
Venture capital firm, Endiya Partners has partnered with Applied Ventures, LLC, the venture arm of material engineering solution provider, Applied Materials, to launch its first accelerator program, Frontier-Tech Ignite (X) Program (FTIX).
Through the accelerator program, the venture capital firms aim to identify and mentor high-potential startups in the domains including software-as-a-service (SaaS), semiconductor; artificial intelligence, machine learning, blockchain; internet-of-things (IOT), as well as sensors and cybersecurity, while providing them access to international markets.
The FTIX selected cohort of five startups will have access to dedicated mentorship sessions with Endiya and Applied Ventures along with potential access to their network and portfolio companies. In addition, the selected startups will have the opportunity to demo and pitch for investments with Endiy
Apr 5, 2021
When asked why the program excites Endiya, the firm’s Managing Director Sateesh Andra said, “The last few years have seen advancements in the field of Frontier Technologies globally, leading to accelerated digital transformation geared to embrace newer possibilities. We have guided our portfolio companies, SigTuple, AlphaICs, Steradian Semiconductors, Myelin Foundry, Shieldsquare and Cell Propulsion – all market innovating ideas in technology – to cross the chasm, whether it was in finding the right investment, their first set of customers, or the right team to work with. At Endiya, we understand the founders, the dilemmas they face and how this ecosystem works, putting us in a great position to share our knowledge with the FTIX cohort.”