Co-founders of Qapita. From left to right: Vamsee Mohan, Ravi Ravulaparthi and Lakshman Gupta

Qapita, a Singapore-based fintech that provides capitalization chart and employee share ownership plan (ESOP) management software, raised $ 5 million in pre-series A funding. The round was led by MassMutual Ventures, with the participation of Endiya Partners and angel investors, including Avaana Capital founder Anjali Bansal and Udaan co-founder Sujeet Kumar.

Vulcan Capital and East Ventures, who led the Qapita funding round in September 2020, also returned for this funding, with most of its angel investors including Koh Boon Hwee, Atin Kukreja, Alto Partners, Mission Holdings, Northstar Group. Partners and K3 Ventures. East Ventures Co-Founder and Managing Partner Willson Cuaca will join Qapita’s Board of Directors.

Qapita currently serves clients in Indonesia, Singapore and India, focusing on startups. Its software platform helps private companies digitize and manage cap charts, perform due diligence, and issue equity to employees. Qapita was founded in 2019 by Ravi Ravulaparthi, Lakshman Gupta and Vamsee Mohan, and has since grown its team to 30 people.

Its objective is to create more liquidity and reinvest in the ecosystems of Indian and Southeast Asian startups by facilitating the issuance of shares. Qapita currently serves more than 100 companies and its new funding will be used to add more functionality and partner with service providers such as legal, accounting and corporate secretarial firms.

In a press release, MassMutual Ventures Managing Director Anvesh Ramineni said: “Globally, we are seeing trends that indicate a convergence between public and private markets. Qapita enables this in the region through its solution – from capping table and stakeholder management to digital equity issuance and liquidity solutions. We believe the team has the right combination of experience, understanding of regional markets and product expertise to bring their vision to life. “