Citigroup Joins Fundraising Round For Asian Venture

Editorial Staff

7 December 2021

, which earlier announced its Series A round of $15 million co-led by East Ventures (Growth Fund) and Vulcan Capital – the fund of Microsoft co-founder and billionaire Paul Allen.

The US banking group has joined the fundraising which will help the Asian company accelerate its platform which includes the private company marketplace. Qapita plans to build a digital marketplace enabling transactions for companies between investors and employee stakeholders. This private securities market in Asia is expected to worth more than $1 trillion in the next few years, making it necessary to build systems to handle transactions, Qapita said in a statement.

Qapita’s marketplace will enable secondary transactions for these stakeholders; it estimates that more than $150 billion of equity will need liquidity solutions. Qapita has already built a CapTable and ESOP management platform.

"Our quest is to build a unified platform that addresses all matters relating to equity for a private company. The private market in this part of the world is set to be US$1.0 to 1.5 trillion in value. This market needs an operating system and transaction rails to make it transparent, accessible and efficient. This partnership with Citi will help us accelerate this mission. We look forward to more such partnerships with ecosystem players,” Ravi Ravulaparthi, CEO and co-founder of Qapita, said.