Cloud-based business transactions platform, CapLinked,today announced additional investors and the final results of its Series A financing round totaling to $2.1 million.
Speaking of the new investment, CapLinked CEO Eric M. Jackson said, “We’re using the proceeds from our financing round to invest in our technology, build new features, and increase sales and support.”
Over $3M Raised
Jackson added that the firm was proud of its product, and even uses its own software to manage their capital raised from investors.
CapLinked’s new investors include Conversion Capital, Inflection Ventures,The Artesian Group, Chris Harris (software engineering manager at Google), and Lee Essener (founder of AccessDNA).
Earlier, the firm said that FF Angel, Siemer Ventures, 500 Startups, and Peter Thiel (co-founder of PayPal), among others, had invested $1.6 million in the Series A round. The new funding brings the company’s aggregate amount of capital raised to over $3 million.
Team, Technology & Vision
Pleased to be an investor in the company, investor Lee Essner said he was particularly drawn to CapLinked’s team, technology and vision. Essner added, “They have a beautiful, modern, workflow-friendly transaction management solution for corporate development teams, sell-side advisors, and private equity firms, as well as an extremely driven and impressive team that is perfectly positioned to take advantage of this big opportunity to disrupt the financial technology sector.”
CapLinked didn’t just raise money but announced it had acquired several new clients, including Edwards Lifesciences, Draper and Kramer, and Proprietary Capital who join a growing and impressive roster of previously disclosed CapLinked clients such as Thomson Reuters, Sun Capital, and NextView Ventures.
New Clients To Manage Complex Business Transactions
Based in LA, and launched in 2011 by Eric M. Jackson and Christopher Grey, CapLinked empowers its clients to manage complex business transactions such as mergers & acquisitions, financings, asset sales, and investor reporting. It’s easy-to-use collaborative workspaces enable users to speed up the complicated and tedious process of managing a large deal.
The firm helps transaction parties to communicate and securely exchange files, while providing customers with deal analytics and a complete audit trail as it is built with workflow optimization in mind.
Easy To Set Up
CapLinked’s alternative to Virtual Data Room (VDR) services for coordinating on complex business deals are time saving as the VDR industry has long been dominated by three large players resulting to lack of competition and lack of innovation. VDR customers also suffer poor workflow, difficult set-up, and exorbitant pricing plus hidden per-page charges but, CapLinked is easy to set up, workflow-friendly, and has transparent pricing.