Carta has acquired WealthTech Capdesk, a UK-based equity management firm, for an undisclosed fee.
According to Carta, Capdesk is trusted by hundreds of companies to simplify equity management, with more than £90B worth of assets on the platform.
Carta said, “Over time, Capdesk customers across the UK and European venture ecosystems will benefit from Carta’s depth of experience serving private companies with an expansive product suite including equity management, compensation, and liquidity. In the near term, Capdesk customers will have access to Carta’s 409A valuation service.
“This means they’ll be able to compliantly and efficiently issue equity to U.S. employees while being backed by the security of one of the largest 409A providers in the country. We’re excited to serve the needs of this growing ecosystem.”
In the UK, Capdesk offers filings for HMRC and Companies House and support for EMI, CSOP, EIS, and deed signing. In Germany, Capdesk offers secure VSOP management and share number handling, as well as electronic signing compliant with Bundesdruckerei. In France, Capdesk offers support for BSPCE, including a fully customizable vesting schedule engine. The company also supports customers with unique needs in Sweden, Denmark, and across the EU.
The investment has $8m in equity and $50m in debt, according to a report from TechCrunch.
Bonsai Partners served as the lead investor. Fasanara Capital, which led Boopos’ $30m seed round, also joined the Series A, along with Noa Capital Partners, K Fund and Actyus.
The debt line will ensure Boopos will have the funds to lend. The equity will help Boopos hire more staff, with the plan to double its team of 25 over the next 12 months.
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