Singapore-headquartered Qapita, provider of equity management software-as-a-service (SaaS) solutions, has secured $15 million via a Series A round.
Qapita’s investment round was co-led by East Ventures (Growth Fund) and Vulcan Capital, along with contributions from NYCA and other existing investors such as MassMutual Ventures and Endiya Partners.
Existing angel investors residing in India, Singapore and Indonesia contributed as well. They included Alto Partners, Partners of the Northstar Group, K3 Ventures, Mission Holdings, Anjali Bansal (Founder of Avaana Capital) and Sujeet Kumar (Co-founder at Udaan).
Qapita has previously acquired $5 million via a Pre-Series A round and $2.25 million through a seed round back in April 2021 and September 2020, respectively.
With the capital injection from this latest round, Qapita said it would be adding more products to its platform that will offer solutions for private firms and startups. The company will also be catering to its investors, shareholders and workers.
Qapita also intends to provide liquidity solutions through an online marketplace, supporting transactions for firms between investors and employee stakeholders. With the proceeds, Qapita will be focused on increasing its customer base in Singapore, Indonesia and India as well.
Qapita has been established in September 2019 by Ravi Ravulaparthi (company CEO), Lakshman Gupta (COO) and Vamsee Mohan (CTO) – a team of professionals with many years of experience in investment banking, corporate venture capital and tech sectors.
Ravi Ravulaparthi, CEO and Cofounder at Qapita, stated:
“We are in some of the fastest growing private markets in the world. It is an incredible time to build an operating system and transaction rails for private company ownership in this region. This is about leveraging tech to enhance transparency, access, efficiency and liquidity in private markets. Team Qapita is full of gratitude to our investors, partners and well-wishers in joining us on this quest.”
Willson Cuaca, Co-Founder and Managing Partner of East Ventures, remarked:
“East Ventures is excited to double down its investment in Qapita to build an operating system for private markets in this region. This platform can become the connective tissue between private companies, their employees, shareholders and investors on all equity related matters. The start-up ecosystem in Indonesia and the broader region is growing at a rapid pace. We are happy to accelerate the mission of Team Qapita in capturing this opportunity, starting with the support of our seed fund and continuing with the growth fund.”