Wednesday, November 20, 2013

CapLinked Adds $1M, New Investors In Funding Round

Los Angeles-based CapLinked, the developer of business transaction and deal management software-as-a-service, said today that it has raised $1M in an expansion round for the company. The new funding came from Subtraction Capital, FF Angel, 500 Startups, and other investors. The startup--which is led by PayPal veteran Erik M. Jackson--said the funding is an expansion on its Series A funding it announced in the first quarter of the year. That funding was worth $3M.

CapLinked develops an online, cloud-based platform used to manage due diligence and deal documents, and which competes against deal room management software. The company is targeting the software for companies working on asset sales, financing, and mergers. The company's platform includes document sharing, collaboration, and other features, and it counts such clients as Thomson Reuters, Sun Capital, NextView Ventures, Edwards Lifesciences, Draper and Kramer, and Proprietary Capital.

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