Qapita, a Singapore-based equity management platform with presence in India and USA, has raised $26.5 million in its Series B funding round led by the US-based Charles Schwab Corporation.
The round also saw participation from existing investors Citi and MassMutual Ventures.
The funds raised will be used to scale its equity management platform into the US market and launch its fund administration product across multiple markets.
As an extension of this investment, Qapita and Charles Schwab will collaborate on Schwab Private Issuer Equity Services powered by Qapita, a flexible platform that allows US-based private companies to seamlessly manage their cap tables.
Founded in 2019 by Ravi Ravulaparthi, Lakshman Gupta, and Vamsee Mohan, Qapita offers equity management solutions in India, Southeast Asia and the US- operating in two of the three largest global start-up markets. Qapita aims to transform how ownership is seeded, managed, reported and unlocked in these private market ecosystems through its full-stack digital platform and its service offerings.
Its equity management platform helps companies manage the ownership records of their stakeholders. Its fund administration solution helps fund managers manage their portfolios as well as the ownership and reporting requirements of their investors. Its secondaries and liquidity offering facilitate the unlocking of this ownership into wealth.
Earlier, Qapita also raised $10 million from Analog Partners, a Singapore-based growth equity fund.
Ravi Ravulaparthi, founder and CEO of Qapita, said, “To enter into the United States with both a significant Series B investment from Charles Schwab and a strategic product collaboration brings together the best private market solution and one of the leading public platforms to help create a smooth transition through IPO. Our modern, configurable platform is designed to meet the needs of companies throughout their growth journey, and we think we can add immense value to the US start-up ecosystem.”
Lakshman Gupta, founder & COO, said, “This is a major milestone for us. From the beginning of our journey to expand into the US, to now closing this fundraise—the momentum is undeniable. Entrepreneurship in the private markets drives innovation, and innovation shapes the future of every economy. With our focus on product innovation, we’re raising the bar for how ownership is managed across private market ecosystems.”
