Qapita, a provider of equity management SaaS solutions, has raised a Series A round of $15 million co-led by East Ventures (Growth Fund) and Vulcan Capital, with participation from NYCA and other existing investors including MassMutual Ventures, Endiya Partners.
Several existing angel investors across India, Singapore and Indonesia including Alto Partners, Partners of the Northstar Group, K3 Ventures, Mission Holdings, Anjali Bansal and Sujeet Kumar also invested in this round.
Proceeds will be used to add more software products, liquidity solutions and a digital marketplace for private securities in this region, said Qapita in a press release. Additionally, the company will amplify its client base across Singapore, Indonesia and India.
Founded by Ravi Ravulaparthi, Lakshman Gupta and Vamsee Mohan, Qapita helps private firms and startups record and manage capitalisation tables and employee stock ownership plans.
The two-year-old startup had previously raised $7.25 million in earlier rounds of funding.