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TechCrunch
TechCrunch
2w ago 16 views

Charles Schwab backs Singapore's Qapita, a Carta challenger

Qapita, an equity management platform, raised $26.5 million in Series B funding led by Charles Schwab, enhancing its services for U.S. startups.
Charles Schwab backs Singapore's Qapita, a Carta challenger
A What happened
Qapita, an equity management platform based in Singapore, has successfully raised $26.5 million in a Series B funding round led by Charles Schwab. This investment will facilitate Qapita's entry into the U.S. market, where it will offer tools for startups to manage their cap tables and stock plans. Founded in 2019 by Ravi Ravulaparthi, Qapita has grown to serve approximately 2,700 companies, with a significant presence in India and Southeast Asia. The platform initially focused on cap table management but has expanded its offerings based on customer feedback. The partnership with Charles Schwab introduces a new service, Schwab Private Issuer Equity Services, aimed at automating equity management processes for private companies. This funding round also included participation from existing investors like Citi and MassMutual Ventures, bringing Qapita's total funding to over $80 million.

Key insights

  • 1

    Expansion into U.S. Market

    Qapita aims to enhance its presence in the U.S. startup ecosystem.

  • 2

    Partnership with Charles Schwab

    The collaboration introduces new equity management services for startups.

  • 3

    Funding Growth

    Qapita has raised over $80 million to date, supporting its platform development.

Takeaways

Qapita's funding and partnership with Charles Schwab position it for significant growth in the equity management sector.