EquityList, a New Delhi, India-based shareholder management platform that originated from AngelList's India entity, raised $2.2 million in its seed funding.
SaaS Investors
The funding was contributed by a combination of investors, including AngelList India, Hustle Fund, Unpopular Ventures, Republic (a private investing platform), and various startup investment platforms.
Additionally, several notable angel investors participated in the round, including Ramakant Sharma (co-founder of Livspace), Gajendra Jangid (co-founder of Cars24), Sairee Chahal (of Sheroes), and Rangarajan Krishnan (CEO of Five Star Finance).
EquityList Use of Funds
The funds will be used to increase the size of its team from 11 to cater more efficiently to its existing customer base. Additionally, it aims to expand into new geographies such as West Asia and North Africa.
About EquityList
EquityList operates as a software-as-a-service (SaaS) company, offering services in the management of equity ownership for startups. They help companies manage cap tables, ESOPs/SAR, data rooms, and related compliances. It serves a range of customers, including companies like Blackbuck, Sugar Cosmetics, Slice, Shiprocket, Smallcase, and Cars24. The company a presence in multiple regions, including India, Southeast Asia, and the USA. EquityList is on a mission to empower founders by simplifying equity and creating more liquidity outcomes.
Funding Details
Company: E-List Technologies Pvt Ltd.
Raised: $2.2M
Round: Seed Round
Funding Month: September 2023
Lead Investors:
Additional Investors: AngelList India, Hustle Fund, Unpopular Ventures, Republic, Ramakant Sharma, Gajendra Jangid, Sairee Chahal, and Rangarajan Krishnan
Company Website: https://www.equitylist.co/
Software Category: Equity and Shareholder Management Software
Source: https://bwdisrupt.businessworld.in/article/Equity-Management-Platform-EquityList-Raises-2-2mn-In-Seed-Round/18-09-2023-491697/