Qapita, a digital equity management SaaS solution developer, has reportedly collected $5m in a pre-Series A funding round led by MassMutual Ventures.
The funding round was also supported by Endiya Partners and angel investors, including Avaana Capital founder Anjali Bansal and Udaan co-founder Sujeet Kumar, according to a report from TechCrunch.
A number of previous Qapita investors also joined the pre-Series A round. These include Vulcan Capital, East Ventures, Alto Partners, Mission Holdings, Northstar Group Partners and K3 Ventures.
The Singapore-based FinTech is a software-as-as-service platform that provides private companies with tools to manage their equity. Its platform enables clients to manage cap tables, issue and track ESOPs and run deal scenarios.
Its website lists a number of features that are coming soon. These include tools for due diligence, board and investor management, financial reporting and digital security issuing.
MassMutual Ventures managing director Anvesh Ramineni told TechCrunch, ?Globally, we are witnessing trends that indicate a convergence between public and private markets. Qapita is enabling this in the region through their solution from cap table and stakeholder management to digital share issuances and liquidity solutions.p>
In line with the deal, East Ventures co-founder and managing partner Wilson Cuaca will join the Qapita board of directors.
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