EquityList Grabs $2.2 Million to Expand Shareholder Management Services

EquityList Grabs $2.2 Million to Expand Shareholder Management Services-feature image
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EquityList, a cutting-edge platform for managing equity, has successfully raised $2.2 million in seed funding. The funding round was spearheaded by AngelList India, with contributions from Hustle Fund, Unpopular Ventures, Republic, and other prominent startup investment platforms. Since its beginning in January under the umbrella of AngelList India, this specialized platform for managing shareholders has quickly garnered recognition in the equity management sector.

EquityList operates as a Software-as-a-Service (SaaS) firm, serving a diverse client base that includes companies like Blackbuck, Sugar Cosmetics, Slice, Shiprocket, Smallcase, and Cars24. With its seamless and innovative equity management solutions, EquityList has made a significant impact in India, Southeast Asia, and the United States.

CEO Kashish Sharma mentioned that this funding will be crucial in expanding the team from 11 members to better support existing customers. Additionally, it will enable the company to explore new markets, particularly in West Asia and North Africa.

Originally launched as a product under AngelList in 2020, EquityList transitioned into a separate entity earlier this year to facilitate external fundraising. In a competitive landscape for cap table management, EquityList faces competition from companies like Trica (backed by Accel) and Qapita (based in Singapore and supported by prominent investors, including Vulcan Capital, East Ventures, and Endiya Partners).

EquityList offers free services to startups that have raised less than $1 million in venture capital or need to manage fewer than 25 stakeholders. As startups grow or require more features and environments, they can choose from different SaaS tiers that match their specific needs. The company handles equity for over 10,000 shareholders across 260 customers, with a total stock options value exceeding $950 million.

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