Gold Coast-based fairness administration platform Cake Fairness has raised US$2.2 million ($A3m) in seed capital.
The spherical was co-led by California investor Jason Calacanis via Launch and its angel platform, TheSyndicate, in addition to Australian VC Rampersand. Calacanis is a Cake clients.
Airtasker co-founder Jonathan Lui and Observe Ignition founder Man Pearson additionally chipped in.
Cake plans to make use of the money for its world enlargement plans, with hopes to launch in additional than 20 nations over the subsequent 18 months. It lately entered the Singapore market and is in Australia, the US, U.Ok. and India.
The platform simplifies the best way that startups and scale-ups handle worker choices, increase capital, and handle shareholders. Greater than 2,000 corporations and 50,000 shareholders use the platform together with Who Provides a Crap.
Co-founders Jason Atkins and Kim Hansen launched their startup in 2018.
Atkins sees Cake as a method to assist founders and the startup ecosystem.
“We wish to be the catalyst for extra startups to get funded, in order that they’ll change the world, whereas ensuring that their groups share in that success,” he stated.
“This spherical of funding will assist us proceed to ship on our imaginative and prescient of making extra fairness house owners via cap tables which are simple to make use of, in every single place.”
Calacanis stated: “We’re excited to again the Cake group as they construct the subsequent era of fairness administration instruments.”
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