In its Series B funding round, which was led by US-based Charles Schwab Corporation and included participation from current investors Citi and MassMutual Ventures, Singapore-based equity management platform Qapita has raised $26.5 million.

Key Highlights

• Qapita raised $26.5 million in Series B funding, led by Charles Schwab and existing investors.
• The funds will support Qapita's U.S. expansion and the launch of its fund administration product.

Qapita raised $15 million earlier in October 2021 from Vulcan Capital, East Ventures (Growth Fund), and other investors. To date, it has raised almost $50 million.

The money raised will be utilized to support Qapita's entry into the US market and the regional rollout of its fund administration product. Additionally, Qapita and Charles Schwab are planning to work together strategically on Schwab Private Issuer Equity Services powered by Qapita.

Qapita's platform, which was founded by CEO Ravi Ravulaparthi, COO Lakshman Gupta, and CTO Vamsee Mohan, offers equity management solutions to private companies in the US, India, and Southeast Asia. It facilitates the management of investor reporting requirements, employee stock plans, and ownership records. Additionally, the platform facilitates liquidity programs and secondary transactions, giving users access to the value of the ownership.

In addition to the US, Qapita has offices in Singapore, India, and Indonesia. Its objective is to digitize ownership of private markets and make management easier for investors and businesses.

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Reputable international investors such as Cercano, East Ventures, MassMutual Ventures, Endiya Partners, Citi, Nyca Partners, and Analog Capital have backed the business.