Singapore-based equity management startup Qapita has raised $26.5 million in a Series B funding round led by Charles Schwab, marking a major expansion for both companies in the private equity management space.
As part of the deal, Charles Schwab has introduced a new product, Schwab Private Issuer Equity Services powered by Qapita. The platform will allow U.S. startups to manage their cap tables, oversee employee stock plans, and prepare for public listings, directly integrating Schwab’s existing wealth management network with Qapita’s technology.
Revolutionizing Equity Management
Founded in 2019 by former banker Ravi Ravulaparthi (CEO) alongside Lakshman Gupta (COO) and Vamsee Mohan (CTO), Qapita was built to replace the manual and error-prone process of tracking company ownership via spreadsheets. What began as a cap table management tool has since evolved into a full-scale equity management platform, helping companies automate complex ownership data, streamline stock plan administration, and facilitate secondary share sales.
When the startup launched in January 2021, customer feedback led to the early rollout of an employee stock option management feature. Since then, Qapita has grown rapidly, especially after competitor Carta exited the Indian market in 2023, leaving room for local players to scale.
Today, Qapita says over 2,700 companies use its platform, about 70% based in India, and 20% in Southeast Asia. Impressively, the company counts half of India’s unicorns among its clients. Roughly 1,400 firms pay for at least one of its services, while early-stage startups enjoy free access.
Expanding Reach Through Charles Schwab Partnership
The collaboration with Charles Schwab marks Qapita’s entry into the U.S. market, its most ambitious move yet. “Of course, the U.S. is a very large market,” said Ravulaparthi. “There are only a few options in the private market space in the U.S., and that’s far too few for a market of that size.”
Charles Schwab already manages stock plans for large public companies, but this partnership helps it tap into the private startup ecosystem, competing with Carta, Pulley, and Morgan Stanley’s Shareworks.
The new Schwab platform, powered by Qapita, will automate cap table management, generate real-time dashboards, and integrate with other financial systems. It will also connect directly with Schwab’s wealth management services, enabling companies and employees to manage stock plans and prepare for IPOs under one ecosystem.
Strengthening Global Footprint
The Series B round also saw participation from existing backers Citi Ventures and MassMutual Ventures. With this new funding, Qapita plans to enhance its platform capabilities and launch a fund administration product across multiple markets.
To date, the company has raised over $80 million and employs about 300 people. With strong traction in India and Southeast Asia, Qapita’s partnership with Charles Schwab could firmly position it as a global leader in private market equity management, bridging the gap between fast-growing startups and the world’s largest wealth management ecosystems.
