Los Angeles, CA (PRWEB) June 21, 2012
CapLinked, the social enterprise platform for business transactions, announced today that it had raised $400,000 in new financing earlier this year. Investors in the round include Hercules Technology Growth Capital, former Bertelsmann executive Andrej Henkler, and early stage technology investor Joe Kalfa. The latest financing round brings the company to $1.8 million in funding raised to date.
CapLinked gives companies secure cloud-based tools to manage business transactions like a capital raise, asset sale, or M&A deal. Co-founded by PayPal’s first marketing director and a private equity investor, CapLinked has grown by over 6,000% since its public launch in February of last year. Over 135,000 users have created $37 billion worth of deals on the site in a broad array of industries, including technology, financial services, energy, transportation, and real estate.
Existing investors in CapLinked include Peter Thiel (co-founder of PayPal), David Sacks (CEO of Yammer), Joe Lonsdale (co-founder of Palantir Technologies), Stephan Paternot (co-founder of TheGlobe.com), David Anderson (managing partner of 7th Rig), 500 Startups, and Wasabi Ventures.
“Large companies and investment banks can use expensive data rooms to help them manage transactions and investor relations,” says CapLinked CEO Eric M. Jackson. “But with prices starting at $1,000 per month or more, they were never an option for small- to medium-sized companies, who had to rely on their inbox and unsecure consumer file-sharing solutions. CapLinked is changing that. We’re giving companies and investors—whatever the size—a powerful enterprise platform to exchange information and get deals done.”
Unlike costly legacy data room services such as Intralinks and Merrill Datasite, CapLinked is a free product that gives users the option of upgrading to its premium subscription services, which range from $39-$199 per month. Companies use CapLinked to manage capital raises, sell assets, handle investor relations, and network with potential investors. Accredited and professional investors use CapLinked to review deals, conduct due diligence, and track their portfolio of private investments. Advisors (such as lawyers, consultants, and broker-dealers) use CapLinked to review and syndicate deals and network with prospective clients.
The funding round news comes on the heels of the launch of the CapLinked Elite Accelerator Program earlier this month. Limited to startups in the nation’s top technology accelerators, the program allows the startups to take advantage of CapLinked’s premium capital raising and investor relations tools. Accelerators and incubators participating in the invitation-only program include: TechStars, Launchpad LA, 500 Startups, Tech Wildcatters, Amplify, and LaunchBox Digital. The program aims to help high growth technology startups secure financing faster by minimizing the complexity of managing a capital raise through the use of CapLinked’s software.
CapLinked (https://secure.caplinked.com/) is a social 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 PayPal Wars) and Christopher Grey (former managing director at a subsidiary of Emigrant Bank, the largest privately owned bank in the country). CapLinked is used by companies, investors, and advisors to raise capital, sell assets, syndicate deals, conduct due diligence, manage investor relations, and network. The company is based in Los Angeles.
For more information or to arrange an interview with CapLinked CEO Eric M. Jackson, contact Shannon Matthews at media(at)caplinked(dot)com or (310) 896-5045.