{"id":657055,"date":"2013-05-09T11:18:54","date_gmt":"2013-05-09T15:18:54","guid":{"rendered":"http:\/\/www.pehub.com\/?p=201078"},"modified":"2013-05-09T11:18:54","modified_gmt":"2013-05-09T15:18:54","slug":"caplinked-announces-new-investors","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/657055","title":{"rendered":"CapLinked Announces New Investors"},"content":{"rendered":"

CapLinked<\/strong>, \u00a0a Los Angeles, Calif.-based startup whose cloud-based platform enables investors to manage business transactions like mergers, acquisitions, financings, asset sales and reporting, has closed on a Series A round that the firm has been assembling since last year. The round, which is being closed with $2.1 million, includes new investors Conversion Capital<\/strong>, Inflection Ventures<\/strong>, and The Artesian Group<\/strong>. Previous investors in the company include 500 Startups<\/strong> and venture capitalist Peter Thiel. <\/strong>To date, CapLinked has raised more than $3 million.<\/p>\n

PRESS RELEASE:<\/strong><\/p>\n

CapLinked (https:\/\/caplinked.com), the cloud-based platform that makes business transactions simple and secure, announced additional investors and the final results of its Series A financing round today.<\/p>\n

The total size of the financing round came to $2.1 million. The new investors include Conversion Capital, Inflection Ventures, The Artesian Group, Chris Harris (software engineering manager at Google), and Lee Essener (founder of AccessDNA). The company previously disclosed 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\u2019s aggregate amount of capital raised to over $3 million.<\/p>\n

CapLinked empowers its clients to manage complex business transactions such as mergers & acquisitions, financings, asset sales, and investor reporting. The company\u2019s easy-to-use collaborative workspaces enable users to speed up the complicated and tedious process of managing a large deal. Built with workflow optimization in mind, CapLinked helps all parties involved in a transaction to communicate and securely exchange files, while providing customers with deal analytics and a complete audit trail.<\/p>\n

\u201cWe\u2019re using the proceeds from our financing round to invest in our technology, build new features, and increase sales and support,\u201d said CapLinked CEO Eric M. Jackson. \u201cWe\u2019re proud of our product, and I can confirm that we used our own software to manage our capital raise.\u201d<\/p>\n

\u201cI was particularly drawn to CapLinked’s team, technology and vision,\u201d said investor Lee Essner. \u201cThey 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.\u201d<\/p>\n

Additionally, the company announced several new clients, including Edwards Lifesciences, Draper and Kramer, and Proprietary Capital. They join a growing and impressive roster of previously disclosed CapLinked clients that includes Thomson Reuters, Sun Capital, and NextView Ventures.<\/p>\n

CapLinked provides a welcome alternative to Virtual Data Room (VDR) services for coordinating on complex business deals. The VDR industry has long been dominated by three large players (IntraLinks, Merrill Datasite, and RR Donnelly\u2019s Venue), and the resulting lack of competition has lead to a lack of innovation for a technology that originated in the 1990s. Poor workflow, difficult set-up, and exorbitant pricing (including hidden per-page charges) have long plagued VDR customers. By contrast, CapLinked is easy to set up, workflow-friendly, and has transparent pricing.<\/p>\n

About CapLinked
\nCapLinked is a cloud-based platform that makes business transactions simple and secure. CapLinked is used by companies for managing M&A transactions, raising capital, selling assets, updating investors, and conducting due diligence. The site was launched in 2011 by Eric M. Jackson (PayPal’s first head of US marketing and author of the award-winning book The PayPal Wars) and Christopher Grey (former senior private equity executive and managing director at a subsidiary of Emigrant Bank). Its investors include FF Angel, Hercules Growth Fund, Siemer Ventures, 500 Startups, 7th Rig, and Peter Thiel (the co-founder of PayPal). The Wall Street Journal called CapLinked \u201cthe go-to place for setting up and closing deals,\u201d and Inc. named CapLinked to its list of \u201c5 Back-Office Tech Innovations.\u201d The company is based in Los Angeles.<\/p>\n

Contact Information
\nFor more information or to arrange an interview with CapLinked CEO Eric M. Jackson, contact Luke Cherrington at media@caplinked.com or (310) 896-5045.<\/p>\n

The post CapLinked Announces New Investors<\/a> appeared first on peHUB<\/a>.<\/p>\n

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CapLinked, \u00a0a Los Angeles, Calif.-based startup whose cloud-based platform enables investors to manage business transactions like mergers, acquisitions, financings, asset sales and reporting, has closed on a Series A round that the firm has been assembling since last year. The round, which is being closed with $2.1 million, includes new investors Conversion Capital, Inflection Ventures, […]<\/p>\n","protected":false},"author":7567,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-657055","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/657055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7567"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=657055"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/657055\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=657055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=657055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=657055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}