Gold Coast-based fairness administration platform Cake Equity has raised US$2.2 million ($A3m) in seed capital.
The spherical was co-led by California investor Jason Calacanis via Launch and its angel platform, TheSyndicate, in addition to Australian VC Rampersand. Calacanis is a Cake clients.
Airtasker co-founder Jonathan Lui and Observe Ignition founder Man Pearson additionally chipped in.
Cake plans to make use of the money for its world growth plans, with hopes to launch in additional than 20 international locations over the following 18 months. It not too long ago entered the Singapore market and is in Australia, the US, U.Ok. and India.
The platform simplifies the way in which that startups and scale-ups handle worker choices, elevate capital, and handle shareholders. Greater than 2,000 firms and 50,000 shareholders use the platform together with Who Offers a Crap.
Co-founders Jason Atkins and Kim Hansen launched their startup in 2018.
Atkins sees Cake as a manner to assist founders and the startup ecosystem.
“We need to be the catalyst for extra startups to get funded, in order that they will change the world, whereas ensuring that their groups share in that success,” he stated.
“This spherical of funding will assist us proceed to ship on our imaginative and prescient of making extra fairness homeowners via cap tables which might be simple to make use of, in every single place.”
Calacanis stated: “We’re excited to again the Cake workforce as they construct the following era of fairness administration instruments.”
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