Capdesk completes £8 million Series A fundraise

By Robin Amlot

Equity management platform Capdesk has announced a Series A extension led by Fidelity International Strategic Ventures, a dedicated venture capital team at Fidelity International, and MiddleGame Ventures, the early-stage FinTech venture firm.

The top-up funding follows an initial raise of £3 million in 2020, led by Fuel Ventures, and brings the Series A total to £8 million. Capdesk, which enables privately owned companies to manage their equity digitally via a single platform, has raised £11.7 million since being founded in 2015. The company counts many of Europe’s fast-growth businesses as its clients, including Gousto, Secret Escapes, Privitar, Voi Technology and Billie.

Capdesk caters to founders, employees and investors by digitising equity, options and warrants transactions and giving shareholders access to Europe’s largest private secondaries market through a partnership with Seedrs.

The Series A extension will position Capdesk to build a fully integrated ‘seed to post-IPO’ equity solution for a traditionally underserved space in Europe. This entails extending its market offering to established private and publicly listed companies, while enhancing services for its existing customer base, and ensuring all stakeholders are empowered to meaningfully leverage their equity.

Christian Gabriel, CEO and Co-Founder, Capdesk: “Today’s announcement makes Capdesk the best-funded equity management solution in Europe. More importantly, it combines the fintech expertise and capital support from MiddleGame Ventures and Fidelity, paving the way for Capdesk to build an equity solution never before seen in Europe. With this investment we can take a significant leap forward in our journey to create a European-wide digital ecosystem that allows for the safe, secure and fair transaction of equity.”

Alokik Advani, Managing Partner, Fidelity International Strategic Ventures, said: “Capdesk has positioned itself as a leader in digital equity management. We’ve been watching the company’s growth closely and have been impressed with its digital capabilities for cap table and employee stock option plan management. We look forward to supporting Capdesk’s ambitious growth plans and leveraging potential partnership opportunities with Fidelity.”

Michael Meyer, Managing Partner, MiddleGame Ventures, added: “We are thrilled to be backing the best equity management platform and team in Europe. Capdesk has the product, vision and dedication to customer service that will enable them to accelerate their market leadership.”