LA based CapLinked, a cloud-based business transaction platform yesterday raised $1.6 million in a new round of financing from Peter Thiel, FF Angel, Siemer Ventures, 500 Startups, Andrej Henkler (former Bertelsmann executive), and Alexsis de Raadt-St. James (chairman of the Althea Foundation) and appointed Adam Sroka as Senior Vice President of Technology in a move to make business transactions simple and secure.
According to CEO Eric M. Jackson, “This financing round, coupled with hiring Adam Sroka as our head of technology, puts CapLinked in a position to further enhance our enterprise product offerings.”
Jackson added, “FinTech has traditionally lagged behind the innovation that’s happening in other areas of enterprise software. For years now, companies have been forced to choose between cumbersome, expensive Virtual Data Rooms and decentralized, unsecure email to manage their complex transactions. CapLinked is changing this with our intuitive and easy-to-use platform.”
Now $2.5 million Raised
Yesterdays’ equity round of $1.6 million, brings the company’s aggregate amount of capital raised to $2.5 million which was raised from Thiel, David Sacks (CEO of Yammer), and Joe Lonsdale (co-founder of Palantir), 500 Startups and 7th Rig.
CapLinked says the round of funding and new appointment are an advancement in their move to displace the legacy left by Virtual Data Room (VDR) with their intuitive new product for coordinating on complex business deals such as asset sales, financings, and mergers and acquisitions.
25 Years of Writing Code
Adam Sroka, an agile software innovator, is a self-taught programmer with 25 years of writing code and previously combined his coding skills with his knowledge of agile and lean management techniques as a coach and technical trainer.
Sroka earlier worked at Industrial Logic,where he developed programs in test-driven development, refactoring, and object-oriented design for HP, Yahoo!, and Schlumberger. At BigVisible, he coached teams at Capital Group as part of a large 1,400 person company-wide agile transformation. He helped develop an airline tracking system for Homeland Security and is an organizer of the Agile Open SoCal conference.
Make it Simple to Manage Business Or Close Deals
CapLinked’s secure workspaces make it simple to manage and close business transactions such as capital raises, commercial real estate transactions, and business development deals. The platform is used by diverse clients such as large financial institutions for managing deal flow, M&A advisors for coordinating on transactions, real estate funds for selling distressed properties, and high growth companies for raising capital.
The firm says its customers benefit from closing deals faster, exchanging files securely, and being able to manage more deals at any given time. The financing round and new hire will enable the firm deliver even more benefits to its customers, including custom solutions when necessary.
Established In 2010 By PayPal’s First Head of US marketing
Founded in 2010 by Eric M. Jackson and Christopher Grey CapLinked is used by companies to raise capital, sell assets, syndicate deals, manage M&A transactions, conduct due diligence, and network. Jackson was PayPal’s first head of US marketing and author of the award-winning book The PayPal Wars and Christopher Grey, formerly senior private equity executive and managing director at a subsidiary of Emigrant Bank, the largest privately owned bank in the country).