Singapore-based equity management platform Qapita has raised US$26.5 million in Series B funding led by Charles Schwab Corporation.
The investment is part of a broader partnership that will see Qapita power Schwab’s new Private Issuer Equity Services platform, designed to help late-stage private companies manage equity and employee stock plans ahead of IPOs.
Existing investors Citi and MassMutual Ventures also joined the round.
The funding marks Qapita’s entry into the U.S. market, where it will support Schwab in offering a unified solution for private firms to automate equity management and ease their transition to public markets.
Qapita said it plans to expand its suite of products to include fund administration services across multiple markets.
The company, which already works with about half of India’s unicorns, said its goal remains to “unlock the power of ownership” for private and listed companies in Southeast Asia, India, and beyond.
“With the IPO market thawing, the rebound will be led by some of largest, most sophisticated companies and the seamless transition through that process will be even more critical. This offer sets up clients in advance for the transition to the public markets, avoiding the need to select and convert to a new provider while dealing with all the other demands of an IPO.
By combining Schwab’s world-class service and Qapita’s flexible technology, we’re helping companies deliver stock plan experiences that support their growth journey and empower and reward the people who make that growth possible.”
said Andrew Salesky, Managing Director, Schwab Stock Plan Services.
“Our modern, configurable platform is designed to meet the needs of companies throughout their growth journey, and together with Schwab, we will be providing a robust alternative in a growing market that currently has limited flexible and scalable options.
Entering the U.S. with both a significant investment from Charles Schwab and a strategic product collaboration is a win-win, giving their clients access to best-in-class private equity management software that will support a seamless transition to a public company.”
said Ravi Ravulaparthi, founder and CEO of Qapita.
