CapLinked, maker of a cloud-based platform for business transactions such as asset sales, financings, and mergers & acquisitions, has raised $1.6 million in Series A financing. Investors include FF Angel, Siemer Ventures, 500 Startups, Peter Thiel, Andrej Henkler, and Alexsis de Raadt-St. James. The company has raised $2.5 million to date.
CapLinked (https://caplinked.com), the cloud-based platform that makes business transactions simple and secure, announced its successful Series A financing round today. The company also revealed that Adam Sroka has joined its executive team as Senior Vice President of Technology. The moves come as CapLinked continues to displace the legacy Virtual Data Room (VDR) industry with its intuitive new product for coordinating on complex business deals such as asset sales, financings, and mergers & acquisitions.
Investors in CapLinked’s Series A financing round include FF Angel (http://www.foundersfund.com), Siemer Ventures (http://www.siemervc.com), 500 Startups (500.co), Peter Thiel (co-founder of PayPal), Andrej Henkler (former Bertelsmann executive), and Alexsis de Raadt-St. James (chairman of the Althea Foundation). The total size of the equity round was $1.6 million, bringing the company’s aggregate amount of capital raised to $2.5 million. Investors in prior financing rounds included members of the “PayPal Mafia” — including Thiel, David Sacks (CEO of Yammer), and Joe Lonsdale (co-founder of Palantir) — as well as 500 Startups and 7th Rig.
Additionally, agile software innovator Adam Sroka is joining the company as Senior Vice President of Technology. A self-taught programmer who has been writing code for 25 years, Sroka previously combined his coding skills with his knowledge of agile and lean management techniques as a coach and technical trainer. During his time at Industrial Logic, Sroka 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.
“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,” said CEO Eric M. Jackson. “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.”
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.
CapLinked customers benefit from closing deals faster, exchanging files securely, and being able to manage more deals at any given time. Jackson adds that the financing round and the hiring of Sroka enable CapLinked to deliver even more benefits to its customers, including custom solutions when necessary.
CapLinked is a cloud-based enterprise platform that makes business transactions simple & secure. The company was founded in 2010 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, the largest privately owned bank in the country). CapLinked is used by companies to raise capital, sell assets, syndicate deals, manage M&A transactions, conduct due diligence, and network. The company is based in Los Angeles.