Singapore: Qapita, a Singapore-based digital equity management platform, announced today it has secured an undisclosed amount in strategic investment from East Ventures.
The company shared the fresh round of funding will be used to further strengthen its team in Singapore, India, and Indonesia, accelerate product development, and build clientele.
The latest investment comes off a US$1.8 million seed funding round in September 2020, led by the Singapore arm of Vulcan Capital. Participating investors include Koh Boon Hwee, K3 Ventures, and partners of the NorthStar Group. Since then, Qapita noted it has added senior talent to the team including former bankers, venture capitalists, and equity management professionals.
Founded in September 2019 by Ravi Ravulaparthi (CEO), Lakshman Gupta (COO), and Vamsee Mohan (CTO), Qapita helps private companies and startups manage capitalization tables (cap tables) and employee stock ownership plans (ESOPs).
Its platform, QapMap, is designed to enable capitalization table management, ESOP management, and digital ESOP issuance with the aim of eventually enabling digital share issuance for companies across the region.