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

Qapita, a Singapore headquartered fintech startup with focus on equity management with presence in India and USA has raised $26.5 million in a Series B funding round.

The round was led by US-based Charles Schwab Corporation who made a strategic minority investment in Qapita. Existing investors Citi and MassMutual Ventures also participated in the round.

Founded in 2019 by Ravi Ravulaparthi, Lakshman Gupta, and Vamsee Mohan, it has a technology centre in India.

Qapita will use this funding round to scale its equity management platform into the US market and launch its fund administration product across multiple markets.

As an extension of this investment, Qapita and Charles Schwab will collaborate on Schwab Private Issuer Equity Services, a platform that allows US-based private companies to manage their cap tables.

“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.

Qapita offers equity management solutions in India, Southeast Asia and the US. Its equity management platform helps companies manage the ownership records of their stakeholders. The fund administration solution helps fund managers manage their portfolios as well as the ownership and reporting requirements of their investors. The secondaries and liquidity offering facilitate the unlocking of this ownership into wealth.

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

“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.