Singapore-based Qapita secures an investment from East Ventures to usher digital equity management to Indonesian startups

Qapita, a Singapore-based provider of digital equity management SaaS solutions, today announced that it has secured an undisclosed strategic investment from East Ventures. Qapita helps private companies and start-ups manage capitalization tables (cap tables) and employee stock ownership plans (ESOPs). Qapita also aims to digitize issuance of equity awards and shares. The fresh round of funding will be used to further strengthen the team in Singapore, India and Indonesia, accelerate product development and build clientele.

Qapita was founded in September 2019 by CEO Ravi Ravulaparthi, COO Lakshman Gupta, and CTO Vamsee Mohan who identified an opportunity to digitize and remove inefficiencies in private capital markets. The trio, a former banker, a former investor and a technologist respectively, each have more than 20 years of experience working across markets in South and Southeast Asia.

In September 2020, Qapita raised USD1.8 million, in a seed round led by the Singapore arm of Vulcan Capital and several high-profile early-stage investors including Koh Boon Hwee, K3 Ventures and partners of the NorthStar Group. Since then, Qapita has added senior talent to the team including former bankers, venture capitalists and equity management professionals.

Speaking on this fundraise, Ravi Ravulaparthi, CEO and Co-Founder of Qapita, said, “We are excited about this investment and partnership. East Ventures have a large, unparalleled footprint in the Indonesian startup ecosystem, and we look forward to working with them. The rapidly growing ecosystem in Indonesia will require digital management of equity, ESOP culture, employee liquidity programs and a thriving secondary private market. Qapita will contribute to this need with its software platform. We look forward to building more such partnerships with other VCs with portfolios across India and SE Asia.”

Lakshman Gupta, COO added, “We believe that there will be no paper-based shares and share certificates for startups in this region in the years to come. Digitization is relentless and we think security issuance and securities themselves will become electronic. Qapita is also building digital share issuance capabilities on the platform and will work with partners in the company secretarial and legal sector.”

Commenting on the investment, Willson Cuaca, Co-Founder and Managing Partner of East Ventures said, “Qapita solves the classic cap tables management problem that are constantly faced by startup founders in the region. We believe the digital equity management SaaS solution provided by the company will soon be widely adopted. It will help slingshot the SEA digital ecosystem to the next level.”

For more details on Qapita, visit qapitacorp.com.