Currently, the company serves approximately 1,000 companies across Europe, including scale-ups such as Secret Escapes, Curve, Nutmeg, Privitar, and Voi
Fremont, CA: London-based fintech startup Capdesk raised USD 3.7 million in a Series A financing round led by Fuel Ventures. Along with the funding round, Capdesk has additionally launched its very own secondaries feature in partnership with Seedrs and Shieldpay to become Europe’s first platform to democratize the secondary private equity market for all classes of shareholders. Founded in 2015 by CEO Christian Gabriel, Mikkel Boje & Martin Damhus, Capdesk provides a cap table management platform that enables private companies to keep a clear overview of ownership and to manage employee option pools.
“If an employee performs well and thus contributes to the growth of the company, then his or her shares exponentially increase in value too and can be sold, making this a win-win scenario for both parties,” said CEO and co-founder Christian Gabriel. The company will use the proceeds from the funding round to continue to expand operations and its business reach, as well as to increase its development efforts.
Currently, the company serves approximately 1,000 companies across Europe, including scale-ups such as Secret Escapes, Curve, Nutmeg, Privitar, and Voi. The new secondaries feature by the company will allow employees and part-owners of private companies to convert shares to cash — thereby creating liquidity in the market. Gabriel believes the company is pioneering a new compensation model. “We’re talking about a whole different way of envisioning company growth, value creation, and compensation for private companies,” Gabriel said.
Capdesk is an equity management platform that acts as the one-stop-shop for private companies to digitize their equity information (such as cap tables, shareholder register, or equity reporting) as well as issue, track and manage employee shares. “I could not be more excited about the launch of our secondaries feature and partnerships. This positions us as Europe’s first fully digital solution for employees to obtain cash by selling a percentage of their options or warrants in the UK and Europe,” says Mikkel Boje, CTO & Co-founder.