London-based equity management platform Capdesk has landed a £1.5 million funding round from Fuel Ventures.
Launched in 2015, Capdesk provides private companies with a convenient way of managing employee shares. The startup claims to have attracted “thousands of users,” including Nutmeg, Secret Escapes, and Tab Media.
“Private companies are not equipped to handle employee share plans with hundreds of participants — the administrative burden is simply enormous,” said Christian Gabriel, CEO of Capdesk. “More importantly though, these employee shares are worthless without a liquid market. Capdesk is a platform which helps companies manage option plans and liquidity events. We are on a mission to democratise wealth in private companies by empowering companies to share ownership with employees.”