Business transaction platform CapLinked and Startup America Partnership team up to offer early stage companies premium tools for raising capital.
Los Angeles, CA (August 1, 2012) – CapLinked, the social enterprise platform that makes business transactions simple and secure, announced today that it is teaming up with the Startup America Partnership to help startups raise capital.
CapLinked will make its premium capital raising and investor reporting tools available to the over 8,500 startups enrolled in the Startup America Partnership. Launched at the White House in early 2011, the Startup America Partnership brings together startups and local champions from around the country focused on creating successful networks for young, high-growth companies to thrive.
CapLinked provides companies with 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.
“Raising capital is critical for many startups to get to the next level, but it can also be an extremely difficult and time-consuming process as founders are focused on running and growing their companies,” said Scott Case, CEO of the Startup America Partnership. “We’re excited that our members will be able to use CapLinked’s premium service to easily manage their capital raise, and we look forward to seeing some great results as startups take advantage of this opportunity.”
“Fortune 500 companies have always had expensive technology to help them manage transactions,” says CapLinked CEO Eric M. Jackson. “But smaller companies and startups have had to rely on email and unsecure file-sharing solutions to coordinate capital raises and investor reporting. CapLinked gives companies and investors of any size powerful tools to exchange information and get deals done, and we’re thrilled to make these tools available to the membership of the Startup America Partnership.”
This collaboration between CapLinked and the Startup America Partnership brings together two innovative organizations. The Startup America Partnership is based on a simple premise: young companies that grow create jobs. AOL co-founder Steve Case (not related to Scott Case) chairs the Partnership, and the Kauffman and Case Foundations are its founding partners.
CapLinked is the only online platform to provide companies with powerful tools to manage transactions (such as capital raises, asset sales, M&A deals, and real estate), handle investor reporting, and network with potential investors. CapLinked’s backers include members of the “PayPal Mafia” such as Peter Thiel (co-founder of PayPal), David Sacks (Yammer), Joe Lonsdale (Palantir Technologies), and Dave McClure (500 Startups), as well as Hercules Technology Growth Fund, 7th Rig, and Wasabi Ventures.
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, manage M&A transactions, conduct due diligence, and handle investor reporting. The company is based in Los Angeles.