Singapore-based equity management software firm Qapita announced on Wednesday it has raised a Series A round of $15 million.

This round is co-led by East Ventures (Growth Fund) and Vulcan Capital, with participation from NYCA and other existing investors including MassMutual Ventures, Endiya Partners, Qapita said in a statement.

Several existing angel investors across India, Singapore, and Indonesia including Alto Partners, Partners of the Northstar Group, K3 Ventures, Mission Holdings, Anjali Bansal (Founder of Avaana Capital) and Sujeet Kumar (Co-Founder of Udaan) invested in this round.

“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,” Qapita Chief Executive Officer and Co-Founder Ravi Ravulaparthi said.

With the proceeds from this funding round, Qapita plans to add more products to its platform that will not only provide solutions for private companies and startups but also to investors, shareholders and employees.

Qapita also plans to facilitate liquidity solutions via a digital marketplace enabling transactions for companies between investors and employee stakeholders. Qapita said it will expand its client base across Singapore, Indonesia, and India.

Qapita had earlier raised $5 million in a pre-Series A round and $2.25 million in a Seed round in April 2021 and September 2020 respectively.

Qapita was founded in September 2019 by Ravi Ravulaparthi (CEO), Lakshman Gupta (COO), and Vamsee Mohan (CTO)–a team of experienced professionals each with over twenty years of experience in investment banking, corporate venture capital, and technology sectors.

They identified an opportunity to use technology at the confluence of three megatrends–rapid growth in the number of startups, expansion in the amount of venture capital, and digitization in finance across this region. The team has grown from seven people twelve months ago to about 65 people today across Singapore and India.

Qapita plans to scale up talent across India, Indonesia, and Singapore in the near future. Qapita expects the value of private securities in this region to exceed $1-1.5 trillion (with 200-250 unicorns) in the next few years and that scalable digital solutions will be critical for such an ecosystem to thrive.

Qapita’s equity management software solves pain points relating to HR (ESOP), finance, and fundraising for private companies, investors, shareholders, and employees. Its marketplace will enable secondary transactions for these stakeholders. Qapita estimates that more than $150 billion of equity will need liquidity solutions.

Singapore-based Quincus raises Series B at over $100M valuation

Featured image credit: Qapita