InfoSec-as-a-Service Changes How Companies Protect Externally Shared Information
CapLinked Announces New Growth Financing Totaling $3.5M Led by Subtraction Capital; Other Investors Include Peter Thiel, Indicator Ventures, and WTI.
Los Angeles, CA (January 16, 2016)
CapLinked, a workflow-optimization platform for secure document sharing across multiple organizations, today announced the closing of its latest funding round.
The new $3.5M financing round, which was led by Subtraction Capital, includes investments from PayPal co-founder Peter Thiel and Indicator Ventures. It also includes financing from venture debt lender Western Technology Investment (WTI). CapLinked revealed that they plan to use this injection of capital to expand their sales and marketing efforts, accelerating the company’s recent growth.
Founded by Eric M. Jackson (PayPal’s first head of US marketing) and Christopher Grey (former private equity and investment banking executive), hundreds of enterprises trust CapLinked for secure enterprise sharing. The company’s cloud platform is built for integrated, secure workflow management and document collaboration on business deals, projects, and other multi-company collaborations. CapLinked offers its clients the peace of mind and protection they need when sharing sensitive files with outside parties.
“Investing in Caplinked was an easy decision for us,” explained Subtraction Capital General Partner Jason Portnoy. “Given the nature of the venture capital industry, we understand the need for a secure deal management and stakeholder communications platform. CapLinked provides a seamless workflow-optimization solution that appeals to a number of industries and is poised to transform the way we all do business in the cloud.”
The team at Indicator Ventures agreed. “CapLinked has built a leading secure platform with a broad array of applications by thoughtfully incorporating customer feedback and true market needs,” explained Geoff Bernstein, Co-Founder and Managing Partner at Indicator Ventures. “Their proven ability to compete in a market that’s been dominated by old school incumbents and newcomers alike, coupled with their impeccable track record for unparalleled customer service and customer retention, were just of few of the key indicators that drove us to increase our level of support for the business.”
CapLinked’s software is currently being used by many well-known corporations, private equity funds, and professional service firms. Its clients include Ernst & Young, Sunbelt Business Brokers, Competitive Power Ventures, FTI Consulting and Brookline Bank. The company recently announced that Lending Club, the world’s largest online marketplace connecting borrowers and investors, was using CapLinked to manage institutional investor due diligence.
The company has previously disclosed raising $4M from investors including Founders Fund’s FF Angel and 500 Startups. To learn more about CapLinked, visit www.caplinked.com today.
CapLinked is a cloud application for secure enterprise sharing. The company was founded by Eric M. Jackson (PayPal’s first head of US marketing and author of “The PayPal Wars”) and Christopher Grey (former senior private equity executive and managing director at a subsidiary of Emigrant Bank). Its investors include FF Angel, Peter Thiel, 500 Startups, and Subtraction Capital. The Wall Street Journal called CapLinked “the go-to place for setting up and closing deals,” and Inc. named CapLinked to its list of “5 Back-Office Tech Innovations.” The company is based in Los Angeles’ “Silicon Beach” area.
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