Singapore's Qapita Secures $26.5M Series B, Expands to US Market
Singapore-based Qapita secures $26.5M Series B funding led by Charles Schwab Corporation, marking significant expansion into US markets with innovative equity management solutions.
Qapita founders (L to R): Ravi Ravulaparthi (CEO), Vamsee Mohan Kamabuthla (CTO), and Lakshman Gupta (COO)
Singapore-based Equity Management Platform Strengthens Global Presence
In a significant boost to Singapore's thriving innovation ecosystem, Qapita, the equity management platform headquartered in the city-state, has successfully raised $26.5 million in Series B funding, with US-based The Charles Schwab Corporation leading the round.
Strategic Investment and US Market Entry
The funding round, which demonstrates Singapore's growing influence as a regional financial hub, includes participation from existing investors Citicorp North America ($1 million) and MassMutual Ventures ($500,000). The Charles Schwab Corporation contributed the majority share with a $25 million investment.
Key Development Highlights
- Launch of "Schwab Private Issuer Equity Services powered by Qapita"
- Expansion of fund administration products across multiple markets
- Strategic collaboration for managing cap tables and stock plans
- Streamlined transitions to public listings
"To enter into the US with both a significant Series B investment from Charles Schwab and a strategic product collaboration... we think we can add immense value to the US start-up ecosystem," stated Ravi Ravulaparthi, founder and CEO.
Financial Performance and Growth
Founded in 2019, Qapita has shown remarkable progress in its mission to revolutionize equity management. The company, which demonstrates Singapore's capacity for hosting world-class enterprises, reported revenues of $6.14 million during FY2024, primarily driven by:
- $1.58 million from trading unlisted securities
- $4.57 million from equity management services
Strategic Acquisitions and Growth
The company's expansion strategy included the acquisition of India-based ESOP Direct in 2022, significantly expanding its customer base across India and Southeast Asia. Additionally, Qapita received an $8.5 million investment from existing shareholder Sirsasana Pte Ltd in July, further strengthening its market position.
Wei-Ling Tan
Tech and economy specialist, covering innovation in Southeast Asia from Singapore for both English-language and regional media outlets.