Powered by

Home Funding News Qapita raises $26.5M in Series B round led by Charles Schwab Corp

Qapita raises $26.5M in Series B round led by Charles Schwab Corp

The investment represents Schwab’s first strategic move into an Asian-origin fintech and will enable Qapita to scale its equity management platform in the US while rolling out its fund administration product globally.

By Jitendra swami
New Update
Qapita raises $26.5M in Series B round led by Charles Schwab Corp

Qapita, an equity management platform has raised $26.5 million in a Series B round led by US-based brokerage giant Charles Schwab Corporation.

Existing investors Citi and MassMutual Ventures also participated in the round.

The investment represents Schwab’s first strategic move into an Asian-origin fintech and will enable Qapita to scale its equity management platform in the US while rolling out its fund administration product globally.

Read also- Ekkaa Electronics secures ₹108 crore in Series A round

Earlier, Qapita raised $10 million from Analog Partners, a Singapore-based growth equity fund.

“To enter into the United States with both a significant Series B investment from Charles Schwab and a strategic product collaboration brings together the best private market solution and one of the leading public platforms to help create a smooth transition through IPO,” said Ravi Ravulaparthi, founder and CEO of Qapita.

“Our modern, configurable platform is designed to meet the needs of companies throughout their growth journey, and we think we can add immense value to the US start-up ecosystem,” he added.

“With our focus on product innovation, we're raising the bar for how ownership is managed across private market ecosystems,” said Lakshman Gupta, founder & COO.

Advertisment

About Qapita 

Founded in 2019 by Ravi Ravulaparthi, Lakshman Gupta, and Vamsee Mohan, Qapita offers digital solutions for cap table management, ESOP tracking, fund administration, and secondary transactions. The company operates in India, Southeast Asia, and the US, three of the world’s largest startup ecosystems.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Latest Business and Startup NewsDiscover Funding Trends and Stories Shaping Indian Startups.

Startup Funding NewsYour Gateway to Every Funding Update.

Latest Startup NewsStay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Startup StoriesDiscover inspiring tales of startups overcoming challenges, and achieving success.