Qapita Raises $5M to Revolutionize Startup Equity Management

Qapita Secures $5 Million in Pre-Series A Funding

Qapita, a fintech company headquartered in Singapore, has successfully raised $5 million in a pre-Series A funding round. The company specializes in capitalization table and employee stock ownership plan (ESOP) management software.

Investment Details

This funding round was spearheaded by MassMutual Ventures, with significant contributions from Endiya Partners. Notable angel investors also participated, including Anjali Bansal, founder of Avaana Capital, and Sujeet Kumar, co-founder of Udaan.

Vulcan Capital and East Ventures, who previously invested in Qapita’s seed round in September 2020, reaffirmed their commitment by participating in this round as well. A substantial portion of the original angel investor group also reinvested, including Koh Boon Hwee, Atin Kukreja, Alto Partners, Mission Holdings, Northstar Group Partners, and K3 Ventures.

Willson Cuaca, co-founder and managing partner at East Ventures, is set to join Qapita’s board of directors.

Company Focus and Growth

Qapita currently provides its services to clients across Indonesia, Singapore, and India, with a primary focus on supporting startups. The company’s software platform streamlines the digitization and management of cap tables.

It also facilitates due diligence processes and enables the efficient issuance of equity to employees. Founded in 2019 by Ravi Ravulaparthi, Lakshman Gupta, and Vamsee Mohan, Qapita has expanded its team to include 30 professionals.

Expanding Equity Opportunities

Qapita’s core objective is to enhance liquidity and encourage reinvestment within the Indian and Southeast Asian startup landscapes. This is achieved by simplifying the process of equity issuance.

Currently serving over 100 companies, Qapita intends to utilize the newly acquired funding to enhance its platform with additional features. Strategic partnerships with service providers – encompassing legal, accounting, and company secretarial firms – are also planned.

Industry Perspective

Anvesh Ramineni, managing director at MassMutual Ventures, commented on the investment. He stated that a convergence between public and private markets is being observed globally.

Ramineni further explained that Qapita is facilitating this trend within the region through its comprehensive solution, which covers cap table and stakeholder management, digital share issuances, and liquidity solutions. He expressed confidence in the team’s expertise and understanding of regional markets.

Image Credits: Qapita

Qapita’s co-founders. From left to right: Vamsee Mohan, Ravi Ravulaparthi and Lakshman Gupta.