Shareholder management platform EquityList has secured a seed round of $2.2M from AngelList India, Unpopular Ventures, Republic, Hustle Fund, Mana Ventures, and prominent angel investors.
Angel investors including Livspace co-founder Ramakant Sharma, Cars24 co-founder Gajendra Jangid, Sairee Chahal of Sheroes, and Five Star Finance CEO Rangarajan Krishnan took part in the round.
EquityList started as a project within AngelList India in 2020 to build tools for founders to help them manage cap tables and stock options. Since then, EquityList has evolved into an operating system for businesses to manage everything equity and shareholder-related. They work with 260+ businesses, managing equity for 3,000+ shareholders, 9,000+ employees, and ~$950M worth of stock options.
With the fresh fundraise, the company plans to increase the size of its team from 11 to service its existing customer base, in addition to looking at expanding into new markets such as West Asia and North Africa, EquityList CEO Kashish Sharma told ET.
As per the statement by the company, “We are on a mission to empower founders by simplifying equity and creating more liquidity outcomes. Builders should focus on innovation and growth while we help them navigate the complexities of fundraising, corporate governance, equity issuances, and related compliances.”
“We believe there is a multibillion dollar opportunity here, along with EquityList’s mission of democratising technology to impact wealth creation significantly. EquityList is leading the way in advancing the maturity of the Indian startup ecosystem and is expanding its product offerings and presence worldwide,” said Utsav Somani, partner, AngelList India.
For businesses in India, Singapore, and the US, Equitylist is a full-stack equity and shareholder management platform. They assist businesses in managing data rooms, ESOPs/SAR, cap tables, and related compliances.