Qapita, a digital equity management platform for private companies, announced that it has raised $1.8 million in a seed funding round led by Vulcan Capital.
Other investors that participated in the round are Alto Partners Multi Family Office, Atin Kukreja (CEO of Rippledot Capital), Koh Boon Hwee, K3 Ventures, KDV Holdings, Mission Holdings and multiple Northstar Group Partners and Patrick Walujo.
The Singapore-based startup will use the funding to strengthen and built its team. Additionally, the funds will be used to accelerate product development and build the fintech startup’s client base.
Speaking on the investment, Tommy Teo of Vulcan Capital said: “Qapita is setting out to build a best-in-breed equity management platform for private companies and startups. The platform will empower all equity stakeholders to digitally manage their holdings in this region, where each country has its own unique regulatory landscape. We see the founding team’s commitment, network, deep understanding of these markets, and the potential of the software platform as a winning combination.”
Qapita was founded in 2019 by Ravi Ravulaparthi, Lakshman Gupta, and Vamsee Mohan. Its platform — QapMap, is designed to enable capitalisation table management, employee stock ownership plan (ESOP) management, and digital ESOP issuance with the aim of eventually enabling digital share issuance for companies across the region. Qapita has its India office in Hyderabad.
Co-founder and CEO Ravi said, “We launched the company seeing the opportunity to tap into the rapid growth of startups, angel investments and employee ownership in Southeast Asia and India. Having worked alongside multiple founders and startups during their fundraising journeys, we recognised the huge gaps that exist in digitising ownership records…We also believe the platform will encourage more employee equity ownership in startups. The ESOP value proposition should be as simple as a pay slip.”
“With high growth companies remaining private for longer, we believe digital equity management and liquidity solutions to be a multi-billion dollar opportunity,” Tommy Teo added.
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