Cake Equity, a Gold Coast, Australia-based equity management platform, raised $2.2 million ($A3m) in seed capital.
The round was co-led by California investor Jason Calacanis through Launch and its angel platform, TheSyndicate, and Australian VC Rampersand.
Cake plans to use the cash for its global expansion plans, with hopes to launch in more than 20 countries over the next 18 months. It recently entered the Singapore market and is in Australia, the US, the U.K., and India.
Company: Cake Equity Pty Ltd.
Round: Seed Round
Funding Month: March 2022
Lead Investors: LAUNCH, TheSyndicate.com, and Rampersand
Company Website: https://cakeequity.com/
Software Category: Equity Management Platform
About the Company: Co-founded by Atkins and Kim Hansen, Cake Equity is a developer of an equity management platform designed to help clients build investor lists, raise capital, and issue options. The company's platform simplifies the way startups and small to medium-sized companies raise capital, set up employee share schemes, and manage their investors or equity, enabling clients to have a simple and fast alternative to the usual endless spreadsheets. More than 2,000 companies and 50,000 shareholders use the platform including Who Gives a Crap. Cake’s mission is to simplify the way startups and scale-ups raise capital, manage shareholders and grow their business.