5 years ago
Capdesk Secures £3 Million to Democratize Private Equity Secondaries
Capdesk, an equity management platform, has raised £3 million in Series A funding led by Fuel Ventures
The funding will be used to launch a new secondaries feature in partnership with Seedrs and Shieldpay, allowing employees of private companies to sell their shares for cash.
ProblemTechnology
"Private companies struggle to manage their equity information, including cap tables, shareholder registers, and equity reporting. They also face challenges in issuing, tracking, and managing employee shares, leading to inefficiencies and compliance issues. Additionally, employees in private companies often lack the ability to easily convert their equity into cash, limiting their financial flexibility and potentially hindering their ability to benefit from the company's growth."
Solution
"Capdesk provides a comprehensive equity management platform that digitizes all aspects of equity information for private companies. This includes managing cap tables, shareholder registers, and equity reporting, as well as issuing, tracking, and managing employee shares. Capdesk also offers a secondary market feature that allows employees to sell their shares for cash, providing them with liquidity and enabling them to participate in the company's growth."
