Salt Lake City-based Capshare, an equity management platform for valuation service providers and organizations, has secured funding from Standish Management. No financial terms were disclosed. Also, Capshare has named Elizabeth Holthe as director of investor services.
SALT LAKE CITY & SAN FRANCISCO–(BUSINESS WIRE)–Capshare, a leading equity management platform, today announced it has closed an investment from Standish Management, the largest provider of private equity fund administration services in the United States. The investment formalizes a strategic partnership with Standish.
“Standish is one of the most respected names in the investment fund business and we are thrilled to partner with them. With their deep and diverse roster of over 600 funds managed, they are a perfect fit for us as we continue to build momentum and scale the investor side of our business,” said Capshare CEO Jeron Paul.
Founded in 2014, Capshare gives entrepreneurs and investors the tools to manage equity simply, efficiently and cost-effectively with more than 5,000 private companies that actively utilize the Capshare platform. In addition to this, private investment funds rely on Capshare for portfolio company equity management and valuation services.
“We are very happy to formally partner with Capshare. For years our clients, especially VC firms, have looked for a solution for cost effective 409(a) and year-end audit related valuation services. The feedback from our clients is always the same—Capshare has the best product, the best people and the best price. The feedback from the audit firms we work with—and we work with all the large firms—is also very positive. Auditors like knowing that Capshare is engaged as it makes their audit process go faster and smoother. We look forward to leveraging more synergies between our firms in the future,” said Standish Managing Director Robert Raynard.
Capshare also announced the opening of its Silicon Valley office, located in San Francisco’s Financial District. “Opening a San Francisco office allows us to strengthen our ties and further build our business in the Valley,” added Paul.
In addition, Capshare announced that capital markets veteran Elizabeth Holthe has joined the company as Director of Investor Services. In her new role, Holthe will be responsible for managing all of Capshare’s interactions with funds and investors.
Holthe brings a wealth of relevant experience, most recently serving as vice president, Capital Markets/Venture Services at BTIG. Prior to that, she was vice president of Venture Services/Capital Markets at Stifel, Nicolaus, Weisel (formerly Thomas Weisel Partners). She is a graduate of Arizona State University.
“Elizabeth is uniquely qualified for this role and is a fantastic addition to our management team,” said Paul. “Her knowledge, skill set and standing within the investor community enhance our expertise and credibility. She will be a tremendous asset for the company,” concludes Paul.
Headquartered in Salt Lake City, Capshare is a comprehensive, web-based equity management platform with an experienced, in-house valuation team. Investors use Capshare to perform fund valuations, manage equity positions, and make more intelligent investment decisions. Private companies use Capshare to issue stock and manage all of their equity in one place without getting bogged down in spreadsheets and paperwork. Over 5,000 companies, investors, and lawyers currently use the Capshare platform. For more information, visit www.capshare.com.
Standish Management, LLC is a 100% employee-owned company that provides fund administration for managers and general partners of private equity, buy-out, venture capital, real estate and fund-of-funds firms. Founded in 2007, Standish is based in San Francisco with offices in Los Angeles, Palo Alto, Boston, Seattle, Dallas, Chicago, Walnut Creek and Woodland Hills. For more information, visit www.standishmanagement.com.