Ledgy closes Series A as it targets new markets

Ledgy, an end-to-end equity management platform, has reportedly collected $10m in its Series A round, which will support its growth in new markets.

The round was led by Sequoia Capital, with commitments also coming from Xavier Niel, Harry Stebbings, Visionaries Club, Daniel Dines and Mathilde Collin, according to a report from TechCrunch.

Other commitments also came from existing investors btov Partners, Creathor Ventures and VI Partners.

Funds from the round will help Ledgy expand into new markets and increase support for public companies.

Switzerland-based Ledgy provides end-to-end equity management system that helps businesses manage employee incentive plans, model financing rounds and send reports to investors.

Through personalised dashboards, individuals can monitor their vested shares, while investors can track their portfolio performance.

The company currently supports 32 countries, including Germany, Austria, Switzerland and the UK.

Sequoia Capital India recently joined the $38m Series A round of FamPay. The company aims to help younger generations to become more financially aware and savvy. It hopes to achieve this through a personal finance app that lets users make online transactions and use financial literacy games.

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